The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened strike actions over the non-payment of over N100 billion in bridging claims owed to its members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a communique released on Monday by the Depot Chairmen of IPMAN, the marketers expressed frustration over the prolonged…
The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that the Dangote Petroleum Refinery currently has over 500 million litres of petrol in its reservoir. He also said the refinery now produces enough fuel for local consumption and export. Dangote spoke during a tour of the $20bn Lekki-based facility with the Zambia Minister…
The Federal Government of Nigeria has announced a ban on fuel tankers exceeding 60,000 litres from operating on the country’s roads, citing safety concerns and the need to curb frequent accidents involving heavy-duty petroleum trucks. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed that the restriction will take effect from March 1, 2025….
Industry Leaders Discourse (ILD) will bring together government decision-makers, global energy CEOs, and sector pioneers on Thursday, 20 February 2025, at the Transcorp Hilton, Abuja to forge actionable strategies for accelerating Nigeria’s oil production growth. The event, which is tagged: ” the 2025 Heirs Leadership Forum”, is being convened by Tony O. Elumelu, Chairman of…
The Nigerian National Petroleum Company Limited (NNPCL) has purchased 500 Compressed Natural Gas (CNG) powered trucks. The state-owned firm has already commissioned six CNG stations in Lagos and Abuja. Mrs. Henrietta Ogun of the NNPC Retail Operations, made this known in her presentation titled: “A focus on NNPC Operations,” in a workshop NNPC/Engagement session with…
The Company was presented with the award at the SAIPEC 2025 Dinner and Award event in Lagos, in recognition of its outstanding contributions to the development of energy in Nigeria and thecontinent of Africa. TotalEnergies Local Content Strides drewexcitement at SAIPEC 2025 as Mr.Cyprian Ojum, Deputy General Manager, NigerianContent, who represented the company at the SubSaharan Africa lnternational Petroleum Exhibition and Conference (SAIPEC) 2025 panel session on Local Content Private Sector, highlighted TotalEnergies’ trail-blazing contributionsto local content development in Nigeria and the continent. Ojum drew repeated applause as he spotlighted the unique foresight of thecompany in setting up the Institute of Petroleum and Energy Studies (IPES) established in 2003 to develop world classmanpower; exemplary Nigerian content in projects like O.U.R, OML 58 Upgrade, NOPL and Egina field development; the plastic recycling plant in Port Harcourt, and zero routine flare…
Engr Victor Bandele, DMD, Deepwater Assets has stressed the need for greater efficiency and collaboration for the energy industry in Nigeria to be competitive and attract investments, as the right environment increases the appetite to invest. Bandele stated this when he joined other company executives to share perspectives on “Driving Africa’s Energy” at a session of the Sub-Saharan…
Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more…
The Petroleum Technology Association of Nigeria, PETAN, wants a review of in- contract awards on Shell’s Bonga North Project to indigenous Companies Petan’s Chairman, Engr Wole Ogunsanya, made the Association’s position known in a keynote address at the on-going Sub-Saharan Africa International Conference and Exhibition (SAIPEC) in Lagos, with the theme ‘Building Africa’s Future: Advancing…
Africa’s energy destiny hinges on the ability to harness its natural resources, empower the people, and lay the foundation for long-term, sustainable development The Minister of state for Petroleum Resources (Oil) Senator Heineken Lokpobiri, stated this while delivering a keynote address in Lagos at Sub-saharan African International Petroleum Exhibition and Conference, SAIPEC 2025, with the…
