Aliko Dangote has dismissed claims that job losses would result from his Refinery’s new distribution plan of 4,000 CNG-powered trucks to enhance efficiency and reduce costs. Concerns from union groups included fears of disruption in the current petroleum supply chain and monopolistic practices. Dangote, however, highlighted that the initiative would create 24,000 new jobs, with…
Shell has demonstrated a high-performance EV thermal fluid that allows 34 kWh battery packs to charge from 10% to 80% in under ten minutes. The electrically non-conductive fluid improves heat transfer, reduces thermal stress and enhances battery safety. According to Shell Lubricants, the development supports the broader adoption of battery electric vehicles by allowing higher…
The Nigerian National Petroleum Company (NNPP) Limited has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC). Announcing the development in an official X handle, NNPC said Idris’s new role marks a pivotal step in representing Nigeria’s interests within the influential cartel of oil-producing nations….
Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and…
The Seplat Energy’s Chief Executive Officer, Mr. Roger Brown, says indigenous oil companies have demonstrated the capacity and financial strength to take over and manage asset of multinational oil companies. This was contained in a statement signed by Stanley Opara, Manager, Corporate Communications, External Affairs & Social Performance, Seplat Energy Plc. Brown represented by the…
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas, also known as cooking gas. He also promised to start direct sales of the product to consumers should the existing distributors fail to allow the price crash in cooking gas. However, operators in the sector have…
Africa and Nigeria’s richest man, Aliko Dangote, is taking another major step in the expansion of his industrial empire with plans to construct a deep seaport near his existing fertilizer and oil refinery plants. The initiative is aimed at boosting export capacity and strengthening the Dangote Group’s logistics operations. Speaking in a recent interview in…
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s commitment to competitiveness has contributed to petroleum product price reduction in the country. The Executive Secretary of DAPPMAN, Olufemi Adewole, disclosed this in a recent statement, lauding the Farouk Ahmed-led NMDPRA reforms in Nigeria’s downstream…
More than 2,000 people have benefitted from the healthcare outreach organised in Lagos as part of the Vision First initiative of the Nigerian National Petroleum Company Ltd (NNPC) and Shell Nigeria Exploration and Production Company Ltd (SNEPCo). Some of the participants testified how their long age eye problems have been cured while others who came…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has stated that the sale of the country’s non-performing refineries, including those in Warri, Port Harcourt, and Kaduna, remains a possibility as the company undertakes a full review of its downstream operations. Ojulari made this known in an interview on…
