Oil & Energy
RSG Warns Against Fuel Hoarding, Price Hike
Rivers State
Government has issued a warning to petrol filling stations in the state to desist from hoarding fuel or increasing the price of the product beyond the official pump price.
The State Commissioner for Energy, Hon. Okey Amadi, who issued the warning over the weekend, in Port Harcourt, in an interview with newsmen said any marketer caught in such illegal acts would be made to face the full weight of the law.
Amadi, who said marketers were indulging in price hike, hoarding and other sharp practices in the state because of the strike embarked upon by the National Union of Petroleum and Natural Gas (NUPENG), Petrol Tanker Drivers Unit, stated that the union had suspended its industrial action and that normal supply has been restored.
He said the ministry of energy officials are strictly monitoring the distribution chain and that marketers indulging in sharp practices would face appropriate sanctions.
The commissioner advised consumers not to indulge in panic buying and to always insist in the normal price and to collaborate with agencies of the ministry in arresting any defaulters.
It would be recalled that crisis greeted the fuel supply in the state and neighbouring states as NUPENG declared strike penultimate Thursday.
The strike was a protest in support of the union’s agitation or rehabilitation of the Eleme-Onne Road which is in a terrible state.
Tanker Drivers Unit Chairman of NUPENG in Rivers State, Comrade John Amajioyi, said the union members were facing difficulties in plying the road and that the situation had led to deaths of members and damages of their trucks.
He said previous efforts to get the attention of the Federal Government to fix the bad road had always fallen on deaf ears.
However, the strike was suspended last week because of the intervention of the Federal Ministry of Petroleum Resources and some other stakeholders.
Chris Oluoh
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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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