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...

PENGASSAN on Fuel Scarcity: Non-Availability of FX Responsible For Crisis The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reported that the inaccessibility of foreign exchange (FX) at the Central Bank of Nigeria rate has greatly contributed to the increase in fuel...

Forex To Be Blamed For Rise In Cooking Gas Price, Says PENGASSAN         The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the greatest problem causing the rise in the cost of Liquefied Petroleum Gas, popularly called cooking gas, is the fall...

PENGASSAN Pushes For Investor-friendly PIB       The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the National Assembly to pass a balanced and investor-friendly Petroleum Industry Bill (PIB). The National President, PENGASSAN, Festus Osifo, disclosed this at the PENGASSAN Total Exploration and Production...

Oil Workers Threaten To Shut Down Pan Ocean Oil Company         Oil workers, under the auspices of National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Pan Ocean Oil Limited recently acquired by Asset...

Oil Workers’ Strike Won’t Cause Petrol Scarcity – NNPC       The Nigerian National Petroleum Corporation on Tuesday said it had enough petrol and as such the strike by oil workers would not cause scarcity. It dismissed insinuations of possible scarcity of petroleum products following ongoing disagreement between...