Oil & Energy
Vandalism: FG Loses N376.6bn In Six Years
Vandalism of oil and
gas pipelines across the country has resulted in a total loss of over N376.6 billion within past six years.
The Managing Director, Products and Pipeline Marketing Company (PPMC), Prince Haruna Momoh revealed this at a capacity building workshop for media practitioners held in Uyo, the Akwa Ibom State capital.
He said that incidents on the company’s pipeline caused by vandals rose from over 400 in 1999 to 3571 by end of 2013, stressing that the activities of vandals have been very difficult to stem.
The PPMC Managing Director who was represented at the workshop by the company’s.
Executive Director, commercial, Mr Frank Amego, lamented that the negative activities of the oil thieves was posing a huge challenge to the operations of the company and affecting seriously the economy of the nation.
In a further analysis of the implication of the revenue loses, the group co-ordinator, corporate planning and strategy of NNPC, Dr. Timothy Okon, described the acts as economic sabotage, remarking that the amount would have been enough for annual budget allocations for Akwa Ibom and Borno States.
He also stated that the cost of securing and maintaining the pipelines has no budgetary allocation as NNPC has no option than to incur this extra burden.
“We are required to provide services but there are no provisions or mechanism for the cost we incur to be addressed,” he said.
The Group co-ordinator urged the saboteurs to desist from their act and lamented that such incidents do not augur well for a country that aspires to be among the 20 largest economics of the world by 2020.
On his own, the Group Executive Director, Gas and Power, NNPC, Dr. David Ige opposed the Minister of Power, Prof. Chinedu Nebo’s claim that low price is responsible for the shortage of gas to power.
Ige was represented by the Manager, Trans Nigeria Gas Pipeline, Engr. Alfred Amadi said it takes an average of five years to complete a 100-kilometre of pipeline project and that meeting the pipeline infrastructure need may not be achieved in the short term.
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Oil & Energy
Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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