The oil sector has voiced strong objections to the suggested changes in the policy governing the import and export of oil refined products under foreign suppliers’ accounts via custom bonded storage facilities. In a recent letter to the secretary of the Petroleum Division, the Oil Companies Advisory Council (OCAC) highlighted their concerns regarding the proposed…
Aradel Holdings Plc, an indigenous energy company, through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100 per cent interest in the Olo and Olo West marginal fields from TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited. The Olo and Olo West Fields were formerly part…
Oil giant, Shell Petroleum Development Company of Nigeria Limited has confirmed a spill on its Trans Niger Pipeline in Elelenwo in Obio/Akpor Local Government Area of Rivers State. The company, however, said the spill resulting from a leak on the pipeline has been contained and repairs completed. Recall that some residents of Rumuoduwere community in…
The Nigerian National Petroleum Company Limited says it has flagged off the third edition of its Vision First Programme, as part of comprehensive community-focused healthcare outreach targeted at the Ilaje community and its environs in Bariga, Lagos State. A statement by the NNPC spokesman, Olufemi Soneye, stated that the Vision First programme is a continuation…
The Arewa Youth Assembly has clashed with the Coalition of Northern Youths Organization over the call made to President Bola Ahmed Tinubu to sack Engr. Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA.Following the reports of the importation of toxic fuel into country, the Coalition of Northern Youths…
NIPCO Gas has, in partnership with the Nigerian National Petroleum Company Gas Marketing Limited, unveiled the Lekki Gas Distribution Project and the Lekki Power Plant. NIPCO Gas entered into a partnership with the NGML for the supply and distribution of natural gas in the Lekki Gas Distribution Area in June 2022. Subsequently, the NGML-NIPCO Gas…
Against the backdrop of escalating cost of doing business oil marketers have started pushing for a reduction in the pump price of diesel to N700 per litre to help improve the distribution of petroleum products across the country.The President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), Mr. Benneth Korie Doi, yesterday in…
No fewer than 72 illegal crude oil refining sites were uncovered in the past week, the Nigerian National Petroleum Company Limited disclosed in a video report. The 72 illegal refineries were reportedly discovered and destroyed in Rivers, Delta and Abia states. On August 18, a vessel was said to have been arrested by men of…
The National Association of Energy Correspondents, NAEC, has called on the Federal Government and stakeholders in the energy sector to create an enabling environment for gas development and innovation of Gas technologies in Africa. NAEC’s Chaiman, Ugochukwu Amadi, made the call in Abuja at the Africa Gas Innovation Summit (AGIS) 2024, with the theme “Igniting…
Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has visited the site of the gas explosion at Ita Oshin in Abeokuta, Ogun State, where there was a loss of life and destruction of property, as a truck conveying CNG, which experienced brake failure, crashed into the road barricade and the truck head went up…
