Latest Oil & Gas News Roundup For June 26 - July 3, 2022

Welcome to the AllNews roundup of the latest Oil & Gas News that made the round last week.

Marginal Oilfields: Ijaw Leaders Urge Petroleum Ministry To Respect Court Order

Some Ijaw leaders in Bayelsa have urged the Minister of Petroleum Resources to respect a substituting order of the Federal High Court, Yenagoa on the ongoing Marginal Oilfields Licensing rounds.

The Court sitting in Yenagoa had restrained the Federal Government from issuing licences on marginal oilfields in the Niger Delta pending the determination of a pending suit. Read more here.

Bridging Claims: NMDPRA Pays N74 Billion To Marketers In Seven Months

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has paid the sum of  N74 billion to oil marketers as bridging claims in the past seven months.

The authority made this known in a statement signed by Kimchi Apollo, the General Manager, Corporate Communications, NMDPRA, on Wednesday in Abuja. Read more here.

Exploration: We’re In Business To Improve Upstream Activities – Matrix Energy

The Matrix Energy Exploration and Production Company Ltd., says it will replicate its positive performance in the downstream sector of the petroleum industry in its operations upstream.

Abdulkabir Aliu, the Group Managing Director of the company made this known on Wednesday in Abuja. Read more here.

Scarcity: FG To Sanction Erring Fuel Stations, Maintains N165 Pump Price

The Federal Government has threatened to sanction any fuel stations or depots selling above the stipulated approved pump price of Premium Motor Spirit (PMS).

The threat followed the persistent fuel scarcity being witnessed in the FCT and its environs as well as in other parts of the country. Read more here.

Cooking Gas: Experts Urge FG To Halt Increase, Leverage Domestic Potential

Some oil and gas experts have advised the Federal Government to fully leverage on the domestic potential to end the incessant hike in the price of Liquefied Petroleum Gas (LPG).

The experts also called for a better storage capacity of LPG, otherwise known as cooking gas to save the country from the repercussions of international market prices dwindling. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.