PETROAN urges FG to revive state refineries as Dangote switches to dollar sales
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal…
Dangote Refinery offshore terminal hits 1,100 tanker calls, targets 1,000 yearly .
Refinery’s offshore marine terminal has recorded about 1,100 tanker calls since it began operations. The facility now handles around 75 tanker visits every month, with traffic expected to rise to between 900 and 1,000 calls annually as the refinery reaches full capacity. The Head of Port Infrastructure and Marine Operations at Dangote Petroleum Refinery and…
Cooking gas imports jumps, as Nigeria battles supply crisis, prices ease
Nigeria’s imports of Liquefied Petroleum Gas (LPG), or cooking gas, skyrocketed by 1,400 percent to 1.5 kilotonnes per day (KT/d) in June 2026, as the country scrambled to address severe supply shortages. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the surge in imports has helped stabilise prices and brought some relief…
PETROAN urges FG to revive state refineries as Dangote switches to dollar sales
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Federal Government to urgently revive the country’s state-owned refineries. This follows the decision by Dangote Refinery to suspend the sale of petroleum products in naira and switch to dollar-denominated transactions. PETROAN warns against single supplier dominance PETROAN National President, Dr. Billy…
FG seeks policy Alignment for Rural Prosperity Through Renewable Energy
The Federal Government has reaffirmed its commitment to deploying electricity as a catalyst for economic growth rather than merely expanding power access, calling for stronger policy alignment and investment to accelerate the use of energy-efficient agricultural equipment across rural Nigeria.Speaking at the National Stakeholders’ Engagement Workshop on Productive Use of Energy (PUE) in Abuja, the…
Latest Oil licensees urged to ensure safety environment, as govt thrives to achieve 3m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) wants Petroleum Prospecting Licences to move fast on field development while building trust with local communities, in line with the Petroleum Industry Act The Commission’s Chief Executive Mrs. Oritsemeyiwa Eyesan, gave the charge during the formal issuance ceremony for the second batch of winners from the 2022/2023 Mini…
NCDMB, Renaissance begin training for 300 Nigerians in Oil and Gas Field Readiness
The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Renaissance Africa Energy Company Limited, has commenced a specialised human capital development programme aimed at equipping 300 young Nigerians with industry-relevant skills in mechanical, electrical and instrumentation engineering. The exercise which is under the NCDMB–Renaissance Oil and Gas Field Readiness Training Programme, is designed…
NCDMB, Heritage Energy, Graduate 14, Commissions Gas Lift Compressor Unit
The Nigerian Content Development and Monitoring Board (NCDMB), Heritage Energy Operational Services (HEOS), and DBN Energies in Port Harcourt graduated 14 young engineers and geologists under the Nigerian Content Human Capital Development (NC-HCD) Training prpgramme in respect of the companies’ installation and commissioning of Ariel Gas Lift Compressor Unit. Competencies covered under the 12-month programme…
Oil-rich Gulf nations seek alternatives to Strait of Hormuz
Gulf nations are scrambling for ways to bypass the Strait of Hormuz, with plans for more pipelines and a new port. Analysts say existing infrastructure has helped cushion the global oil market from even greater price spikes during the US-Iran war. Iran has reportedly put their proxies in Yemen, the Houthis, on notice to block…
Dont derail govt’s policy on decentralized electricity market.
Operators in the Nigerian Electricity Supply Industry have been told to avoid actions that could threaten the decentralisation of the electricity market. The Minister of Power, Chief Joseph Tegbe,Made it loud and clear at the workshop on Legal, Policy and Regulatory Harmonisation between federal and state institutions on the Decentralisation of the Nigerian Electricity Supply…
High cost of Borrowing threatens Nigeria’s economic recovery- OPEC
Nigeria’s economic recovery could come under renewed pressure from persistently high borrowing costs and inflation despite stronger crude oil production and ongoing economic reforms, the Organisation of the Petroleum Exporting Countries (OPEC) has warned. In its July Monthly Oil Market Report, OPEC said Nigeria’s near-term economic outlook remains positive, supported by higher oil production, improving…
