Latest Oil & Gas News Roundup For November 27 - December 4, 2022

We're glad you're here for the most recent Oil & Gas News collections, where we swiftly present the most interesting AllNews stories from the previous week.

TotalEnergies, NNPCL, Others Launch CSR Projects In Seven States

Nigerian National Petroleum Company Ltd. (NNPC) and TotalEnergies Upstream Nigeria Ltd., which operates OML 130, and partners have launched a project in seven states as part of its commitment to Corporate Social Responsibility (CSR).

The projects were launched in the states of Osun, Kwara, Imo, Enugu, Anambra, Benue, and Rivers, according to Mike Sangster, Managing Director of TotalEnergies Upstream firms in Nigeria, in a statement released on Tuesday in Lagos.  Read more here.

Fuel Scarcity: We Have Two Billion Litres Of Fuel In Store, Says NNPC

Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that it has two billion litres of Premium Motor Spirit (PMS) in stock.

This is contained in a statement made by Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. Read more here.

Navy’s Technology Deployment Saved Three Billion Barrels Of Crude Oil, Says Monguno

Major Gen. Babagana Monguno, the national security adviser (NSA), disclosed on Thursday that the Nigerian Navy had stopped the theft of more than 3 billion barrels of crude oil over the past four years.

Monguno revealed that this accomplishment—as well as many others—was made possible by the deployment of its multi-billion-naira Falcon Eye Maritime Intelligence Facility at the weekly Ministerial Briefing hosted by the Presidential Communication Team at the Presidential Villa, Abuja. Read more here.

Fuel Scarcity To End Soon — NMDPRA To Nigerians

Nigerians have been reassured by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) that the current fuel crisis wreaking havoc in different regions of the country will soon end.

Its Coordinator in Delta, Victor Ohwodiasa, made the guarantee on Thursday evening and Friday when he led a team from the regulatory authority on an impromptu inspection visit to several petroleum depots at Ifiekporo Community in the Delta region's Warri South Local Government. Read more here.

Oil Derivation: Nine Oil-Producing States Have Received N625.43 Billion, Subsidy, Says FG

The presidency has announced that nine oil-producing states have already collected N625.43 billion in 13 percent oil derivation, subsidies, and SURE-P refunds from the Federation Account between 1999 and 2021.

The impacted states that received the reimbursements spanning from 1999 to 2021 were Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers, according to a statement released on Friday in Abuja by Malam Garba Shehu, the president's media advisor. 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.