The Major Energies Marketers Association of Nigeria (MEMAN) says the transition to electric vehicles represents a key strategy for reducing emissions and promoting sustainable energy use, both globally and locally. The Managing Director of SAGLEV, Dr. Sam Faleye, who stated this at the MEMAN quarterly press briefing in Lagos, said Electric vehicles offered numerous advantages,…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is worried that after three years of the passage of the Petroleum Industry Act, the provision for host communities in the PIA is yet to be implemented. The act stipulates that 3% of the operational revenue of the oil companies be contributed to the…
In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects. NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024…
Crude Oil Refiners Association of Nigeria has kicked against a move by petroleum marketers to import Premium Motor Spirit (Petrol) despite the availability of Dangote Refinery Petrol.Publicity Secretary of CORAN, Eche Idoko, made this known in a statement condemning the move. His comments come as a report emerged that 141 million liters of PMS are…
The Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited gave divergent views over the price of Premium Motor Spirit, popularly called petrol, produced and pumped out on Sunday by Dangote Refinery. While both oil firms have different accounts of the price of PMS dispensed by Dangote on Sunday, independent oil marketers say they…
Ahead of the commencement of lifting of petroleum from Dangote Refinery, the Nigerian National Petroleum Company Limited (NNPCL) has deployed over 100 trucks to the refinery. This is just as the Lagos State Government has deployed more traffic personnel to manage the expected surge in traffic along the Lekki-Ajah- The Federal Government had initially announced…
Members of the newly inaugurated Body of Neutrals for Upstream Dispute Resolution Centre in Lagos have been charged to use their expertise in resolving conflicts in the oil and gas sector. Preforming the ceremony, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe expressed optimism that with the calibre…
The Nigerian National Petroleum Company Ltd (NNPCL) has said Dangote Refinery and other domestic refiners are “free to sell directly to any marketer on a willing buyer, willing seller basis”, thereby dismissing the allegation of the national oil company becoming a sole offtaker. The NNPCL was reacting to the Muslim Rights Concern (MURIC’s) claim that…
The Federal Government on Friday issued a ‘Licence to Construct’ to UTM Offshore Limited for the development of a 2.8 million tonnes per annum Floating Liquefied Natural Gas facility. This historic project, the first of its kind in Nigeria, aligns with the government’s ongoing efforts to boost gas production, distribution, and utilisation under the Decade…
Several commercial transport operators in Ilorin on Thursday stormed some major streets in the metropolis to protest the new hike in petrol pump price. During the protest, they expressed their displeasure with the sudden price hike, with the action leading to untold hardship for thousands of commuters.The protests which commenced on Thursday morning significantly disrupted…
