Despite 20% tax credit incentives under President Tinubu’s Executive Order, PENGASSAN says over five major IOCs have exited due to insecurity. Fuel prices stayed above ₦900/litre even as crude oil dropped to $60/barrel – Regulators are failing Nigerians Announces Resolution…
Sterling Oil, PENGASSAN Settle Dispute After FG Mediation
Following months of tension and union picketing, Sterling Oil and PENGASSAN have reached an amicable resolution brokered by the Federal Government. The agreement, finalized in June 2025, highlights the importance of regulatory compliance and labour relations in Nigeria’s oil and gas industry.
NCDMB Discloses Measures Taken to Address Sterling Oil’s Non-Compliance Issues
The Nigerian Content Development and Monitoring Board (NCDMB) has noted the comments made by the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, during the union’s recent protest at the headquarters of…