Blackout: PENGASSAN Predicts Power Supply Crisis to Linger   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has disclosed that Nigerians looking forward to improved electricity supply may continue to wait as the dismal nature of the power sector may not change any...

PENGASSAN To FG: Stop Fuel Subsidy, Revive Refineries   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday, called on the Federal Government to stop subsidising Premium Motor Spirit, popularly called petrol. It also called on the government to ensure the speedy rehabilitation...

Nigerian Military Involved in 600,000 Oil Barrel Thefts Daily - PENGASSAN Chair The National President of PENGASSAN, Festus Osifo, has disclosed that oil theft was a collaborative crime between military personnel assigned to protect oil installations and the locals running illegal refineries. Noting that the military...

Oil Firms in N5.93tn Bank Debt, Amid Losses, Theft  - CBN Recent data from the Central Bank of Nigeria has revealed that the combined bank borrowing to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N5.93tn...

PENGASSAN To Stop Casualisation In Oil Industry The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure casualisation in the oil and gas sector is reduced to a minimum. According to NAN report, the PENGASSAN President, Festus Osifo, revealed this at a...

Vandalism: Oil Firms’ Bank Borrowing Hit N5.68tn   The Central Bank of Nigeria report has revealed that total bank borrowing of oil firms in the downstream and upstream sectors of Nigeria's oil and gas industry increased by $490 billion from N5.19 trillion in January 2021 to...