Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. According to a statement by the management, the decision is necessary to avoid a mismatch between its sales proceeds and crude oil purchase obligations, which are currently denominated in U.S. dollars. “To date, our sales of petroleum products in Naira have exceeded…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company clarified that what occurred was a flare incident, which has since been fully contained. There is no danger or health hazard to staff, the surrounding communities, or the environment….
An explosion has struck the Trans-Niger Pipeline, one of Nigeria’s largest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses. The incident, which occurred in Rivers State, is the latest in a series of political crises plaguing the country’s oil infrastructure. The explosion, reported late Monday evening sent plumes of…
Amid speculations that Nigeria exported 300 trucks of the Premium Motor Spirit (PMS) to the Niger Republic, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company Limited (NNPCL) and Nigeria Customs Service (NCS) said yesterday they were oblivious of the development. NMDPRA’s Head of Public Affairs George Ene-Ita, NNPCL’s Chief Corporate…
The President/Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote on Monday disclosed the readiness of the company to return to the Olokola Free Trade Zone in Ogun Waterside Local Government Area of the state for the largest seaport project in the country. Dangote also said that his company has equally returned to site to…
The Federal Government has announced plans to establish Compressed Natural Gas (CNG) conversion centres and refuelling stations in 20 federal tertiary institutions across Nigeria. The initiative, led by the Midstream and Downstream Gas Infrastructure Fund (MDGIF) in collaboration with Femadec Energy, aims to promote clean energy adoption and reduce transportation costs for students and lecturers….
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri on Wednesday March 12, 2025, toured the TotalEnergies’ offshore fields of Ofon and Egina as part of a one-day familiarization visit. The visit was intended to intimate the Minister with TotalEnergies’ investment plans, ongoing projects and challenges faced by the company in the areas of…
The Nigerian National Petroleum Company Limited has revealed that reforms in the oil and gas sector, driven by the enactment of the Petroleum Industry Act (PIA) 2021 and Executive Orders issued by President Bola Ahmed Tinubu, attracted about $17 billion in foreign investment in 2024. The Executive Vice President, Upstream, Mr. Udy Ntia, disclosed this…
Disclosing this on Tuesday in Ukwa West Local Government Area on the occasion of the official flag-off of the reconstruction of the 11.1km Obehie – Umudobia – Owaza road, the Abia State Governor, Alex Otti, said the modular refinery will be cited inside the Abia Industrial and Innovative Park, AIIP. Otti said significant changes would…
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Resources Authority, NMDPRA, Eket Field Office, has sealed 10 Liquified Petroleum Gas, LPG, retail outlets in Akwa Ibom for various offences. The state Coordinator of NMDPRA, Ikechukwu Eseka, who made this disclosure at the end of a surveillance operation in Uyo on Wednesday, said that…
