The Nigerian National Petroleum Company (NNPC) Limited has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,020 to N899 per litre. This price adjustment, aimed at responding to the competitive dynamics introduced by deregulation, is expected to intensify competition among oil marketers and lead to cost savings for consumers….
International oil trading giant, Vitol, has successfully sold a consignment of aviation fuel from the Dangote Petroleum Refinery to a Bulk Import, Distribution and Export Company (BIDEC) in Ghana. This transaction underscores the growing influence of the $20 billion Dangote Refinery as a key supplier of refined petroleum products across the West African region. This…
Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental Hotel in Lagos. The organisers…
The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector. Speaking at the event, PETAN Chairman, Engr Wole Ogunsanya, expressed gratitude to all stakeholders. “This…
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…
