Shell Nigeria Exploration and Production Company Limited (SNEPCo), announces investment decision (FID) on Bonga deep-water project . Shell announced this in a statement issued from London on Monday, but didn’t mention the cost of the project. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which…
The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki…
The Federal Government has approved an upward review of allowances for officers in public service. Some of the allowances under review include Duty Tour Allowance, transport allowances, uniform allowances, and overtime allowances. The decision was reached at the 46th meeting of the National Council on Establishment, chaired by the Head of the Civil Service of…
A disagreement has emerged between oil producers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the collection of the 0.5% wholesale price levy. While the NMDPRA insists that oil producers should collect the levy and remit it to the appropriate banks, the producers argue that the regulator should handle the collection directly….
The NNPCL has started inviting selected candidates for the next phase of its recruitment exercise. The invitation for the interview is for those who passed the CBT recruitment test, which was conducted on Saturday, December 6. NNPC Limited has assured the public that the recruitment exercise will be free and fair, and candidates will be…
The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalized. According to the Chief Corporate Communication officer of the NNPCL, Olufemi Shoneye, “Currently, the products we are selling originate from the Dangote Refinery and include applicable NMDPRA fees. Products from PHRC…
The Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, has called for the privatization of Nigeria’s oil and gas pipelines in what he termed “commonwealth solution’”, to ensure efficiency and sustainability of the nation’s critical oil and gas industry. He made the call at the Nigeria International Pipeline and Security Conference (NIPITECS) in…
A former governorship candidate in Rivers State, Pastor Tonye Cole, has said that Nigerian refineries cannot sell a litre of Premium Motor Spirit for N700 or below at this point. Cole said this hours after the Nigerian National Petroleum Company Limited, NNPCL, announced that Port Harcourt refinery has kicked off refining of crude oil. The NNPC…
The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Authority, Farouk Ahmed has said the commencement of operations at the Port Harcourt Refinery will lead to decrease in prices of petroleum products.Recall that President Bola Tinubu in 2023 announced an end to the subsidy regime, leading to a hike in the cost of petrol. Ahmed…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that there is no discrepancy between its crude oil production figures and those supplied by the regulatory agency, the Nigerian Upstream Petroleum Regulatory Company (NUPRC). The Company gave the clarification against the backdrop of reports in a section of the media that the 1.54 million…
