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…
Developing nations require huge investment in infrastructure to effectively drive their energy transition. The Managing Director and Chief Executive officer of Nigeria LNG, Dr. Philip Mshelbila, stated this in Houston, USA while speaking at a Global leadership panel on Energy inclusion: Widening access to natural gas and LNG to support the transition to lower -carbon…
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…
Nigeria LNG Limited has reiterated its commitment to climate action, leveraging cutting-edge technologies to reduce emissions and promote sustainable energy development. The Deputy Managing Director of Nigeria LNG, Olakunle Osobu made the pledge while speaking at a panel session on ‘Stimulating early-stage investment into climate technologies to meet net zero goals’, at Gastech Climatetech &…
September 17, 2024020 Special Adviser to the President on Energy, Olu Verheijen, speaks at the inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. on Tuesday. The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency…
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…
