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…
…OML 13 Asset Eyes 80,000 bpd by End of 2025 In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. It would be recalled that in July, 2024,…
SNEPCo MD Pledges Sustained Efforts Towards Energy Security Shell companies in Nigeria and staff won awards in recognition of their robust participation at the 42nd Annual International Conference and Exhibition of the National Association of Petroleum Explorationists (NAPE) which ended in Lagos. A statement said Shell was declared Best Overall Exhibitor and Best exhibiting Energy…
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have revved up crude oil and gas production to 1.8million barrels per day (mbpd) and 7.4 billion standard cubic feet per day (scfd). The company which announced this at a press briefing on Thursday said the feat was achieved in compliance with the mandate…
…10-year Deal to Boost Local Production, Revamp Industrial Growth The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The Chief Corporate Communication Officer, Olufemi Soneye, in a statement, said the agreement,…
The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority certify the imported Premium Motor Spirit, popularly called petrol, that is imported into Nigeria, oil marketers have said. They disclosed this on Thursday in response to claims by the Dangote Petroleum Refinery that off-spec petroleum products were imported into the country…
The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has countered the claim by Dangote Refinery that any oil importers landing petrol at a price cheaper than what the refinery is selling are importing substandard products and conniving with international traders to dump low quality products into Nigeria. The refinery had made the claim…
