Tag archive for ‘Oil’
By admin On Sunday, June 19th, 2016

DESOPADEC Cancels ‘Free Money’ For The Physically Challenged in Delta

LAGOS JUNE 19TH (URHOBOTODAY)-Due to the present harsh economic condition in the country, the management of the Delta State Oil Producing Areas Development Commission, (DESOPADEC), yesterday said there is no provision More...

By admin On Monday, May 16th, 2016

Address the Grievances in Niger Delta, British Envoy Tells Buhari

Buhari LAGOS MAY 16TH (URHOBOTODAY) – Nigeria’s President Muhammadu Buhari needs to address grievances in the Delta region where militants have been blowing up oil pipelines in a conflict that has become More...

By admin On Tuesday, May 10th, 2016

I foresee full blown War in Niger Delta-Joe Igbokwe, Says Militants are Blackmailers

Joe Igbokwe LAGOS MAY 10TH (URHOBOTODAY)-A full scale war is imminent in the Niger Delta and it is going to be bloody and destructive. That is, unless senior citizens of the Niger Delta and patriots rise up now More...

By admin On Tuesday, May 10th, 2016

Nigeria Oil Output Crumbles as N’Delta Onslaught on Pipeline Continues

LAGOS MAY 10TH (URHOBOTODAY)-A series of attacks on Nigeria’s oil infrastructure has pushed its output of crude close to a 22-year low, putting intense pressure on the country’s finances. Attacks late last More...

By admin On Tuesday, April 5th, 2016

No Going Back on Subsidy Removal – FG

Fuel pump LAGOS APRIL 5TH (URHOBOTODAY)-The Federal Government, Monday, said it is not going back on its decision to remove subsidy from Premium Motor Spirit, also known as petrol. Specifically, the Petroleum Products More...

By admin On Wednesday, March 9th, 2016

Nigeria Reopens Port Harcourt Refinery Following Militant Attacks

LAGOS MARH TH (URHOBOTODAY)-Nigeria’s state-run oil company has reopened a refinery after it was closed for more than a month due to militant attacks on the pipelines. The Nigerian National Petroleum Corporation More...

By admin On Sunday, February 21st, 2016

Buhari Jets Out to Saudi Arabia, Qatar Tomorrow

Buhari LAGOS FEBRUARY 21ST (URHOBOTODAY)-President Muhammadu Buhari will begin a week-long official visit to Saudi Arabia and Qatar tomorrow, Monday, February 22, 2016. President Buhari, who will be accompanied More...

By admin On Wednesday, February 17th, 2016

Nigeria Struggles as Buhari Wrangles with Budget, Naira

Muhammau Bbuhari LAGOS FEBRUARY 17TH (URHOBOTODAY)-When Nigerian President Muhammadu Buhari finally swore in his cabinet in November, nearly six months after taking office, he hoped to shake off his nickname “Baba More...

By admin On Sunday, February 7th, 2016

We Lack Evidence to Prosecute Deziani Madueke, Others, Buhari Complains

Muhammadu Buhari and Allison-Mmadueke LAGOS FEBRUARY 7TH (URHOBOTODAY)-President Muhammadu Buhari has blamed his government’s inability to prosecute those accused of stealing the nation’s wealth, especially More...

By admin On Monday, January 4th, 2016

David West Accuses Oil Sector Officials of Sabotaging Operations of Refineries for Personal Gain

David West LAGOS JANUARY 4TH (URHOBOTODAY)-Onetime Minister of Petroleum and Energy, Prof. David-West has accused officials responsible for the operations of refineries in the country of deliberately sabotaging More...

By admin On Tuesday, December 29th, 2015

United States to Resume Buying of Nigeria Crude Oil- Ibe-Kachikwu

LAGOS DECEMBER 29TH (URHOBOTODAY)-Minister of State for Petroleum Dr. Emmanuel Ibe Kachukwu has raised Nigerians’ hope about the dwindling oil revenue, with the news that the United States will now buy some crude More...

By admin On Saturday, December 12th, 2015

Onuesoke Faults Buhari’s Allocation of N39.4b for Oil Exploration in the North

PDP Chietain,Chief Sunny Onuesoke LAGOS DECEMBER 12TH (URHOBOTODAY)-Peoples Democratic Party (PDP) Chieftain, Chief Sunny Onuesoke has faulted President Muhammadu Buhari’s allocation of N39.4b for oil exploration More...

By admin On Thursday, December 3rd, 2015

Nigeria Reserves Dip Below $30bn for First Time Since July

LAGOS DECEMBER 3RD (URHOBOTODAY)-Nigeria’s foreign reserves dropped below $30 billion for the first time in more than four months, putting more pressure on the central bank’s bid to defend the naira and avoid More...

By admin On Friday, November 13th, 2015

Okowa’s Prospect of a Delta Beyond Oil

By Obodo Ejiro LAGOS NOVEMBER 13TH (URHOBOTODAY)-“We still love James Ibori. He did a lot to help our people,” my father, a clergy man said to me, as he pointed to roads within the Warri metropolis constructed More...

By admin On Wednesday, November 4th, 2015

Anti-Graft: Nigeria to Sell, Buy Oil Directly, Cut Out Middlemen

Buhari LAGOS NOVEMBER 4TH (URHOBOTODAY) — Nigeria will start selling and buying oil and gasoline directly to cut out middlemen and curb graft, the new managers of the Nigerian National Petroleum Corp. announced More...

By admin On Tuesday, November 3rd, 2015

DESOPADEC: Delta Police Arrest 11 Itsekiri’s Protesters, Coffin in Warri

LAGOS NOVEMBER 3RD (URHOBOTODAY)-No fewer than eleven protesters of Itsekiris indigenes were reported to have been arrested by the Delta police for protesting and disrupting activities at the premises of Delta More...

By admin On Tuesday, October 27th, 2015

Oando Records Loss of N184bn in 2014… N35bn Loss for Half-Year 2015

LAGOS OCTOBER 27TH (URHOBOTODAY)-Oando Plc last Friday finally released its long-awaited results for the full-year ending 2014, in which it declared a historic loss after tax of N183.9 billion compared to a profit More...

By admin On Tuesday, October 20th, 2015

Oil Industry’s ‘Day of Reckoning’ is Near-Halliburton CEO

Dave Lesar, CEO of the oil-services giant Halliburton, believes that a “day of reckoning” for these companies is quickly approaching. LAGOS OCTOBER 20TH (URHOBOTODAY)-The precipitous decline in the price More...

By admin On Thursday, October 15th, 2015

Can Nigeria’s New Government Overcome Its Old Corruption?

Buhari LAGOS OCTOBER 15TH (URHOBOTODAY)-On September 30th, his self-imposed deadline for finally announcing his Cabinet after four months in office, Nigerian President Muhammadu Buhari simply said that he would More...

By admin On Wednesday, October 14th, 2015

Tensions Build in N’ Delta over Move to Streamline Amnesty

LAGOS OCTOBER 14TH (URHOBOTODAY)- Nigeria (Reuters) – Enjoying a chilled cider in a hotel pool bar, former Nigerian militant leader Ebi John has a simple message for President Muhammadu Buhari – keep More...

By admin On Friday, September 25th, 2015

Nigerian Economy Crumbling as CBN Gov, Emefiele Doubles as Finance Minister

Emiefel LAGOS SEPTEMBER 25TH (URHOBOTODAY)-Nigeria’s central bank governor Godwin Emefiele finds himself discussing policies usually reserved for a finance or economy minister. Almost four months after President More...

By admin On Wednesday, September 16th, 2015

Urhobo, Isoko Oil Host Communities Petition Buhari over Alleged Neglect

Buhari LAGOS SEPTEMBER 16TH (URHOBOTODAY)-Oil and gas producing host communities in Urhobo and Isoko nations in Delta State, have petitioned President Muhammadu Buhari over alleged neglect and lack of employment More...

By admin On Tuesday, September 15th, 2015

France Pledges Military Equipment to Fight Boko Haram

French President François Hollande with President Muhammadu Buhari LAGOS SEPTEMBER 15TH (URHOBOTODAY)-French President François Hollande has pledged to assist the Multinational Joint Task Force (MJTF) with intelligence More...

By admin On Tuesday, July 28th, 2015

How Commencement of Oil Production in Warri Refinery Reduce Importation of Fuel

LAGOS JULY 28TH (URHOBTODAY)-The Federal Government has expressed readiness to scale down the importation of refined petroleum products following the anticipated bridging of demand gap in local consumption with More...

By admin On Friday, June 26th, 2015

President Buhari Dissolves Board of NNPC

Buhari President Muhammadu Buhari has ordered the immediate dissolution of the board of the Nigerian National Petroleum Corporation, NNPC. The decision was conveyed in a letter, dated June 26, 2015, signed by the More...