Environment, Social and Governance (ESG) standards and regulatory frameworks in African countries significantly shape oil and gas investments in the continent, as they influence costs, compliance requirements, and project risk profiles. The Chief Financial Officer, Seplat Energy, Mrs. Eleanor Adaralegbe, made this known during a panel session at the Africa Oil Week (AOW) Conference &…
The Independent Petroleum Marketers Association of Nigeria has threatened to stop operations nationwide following the high cost of Premium Motor Spirit, popularly known as petrol, sold to IPMAN members by the Nigerian National Petroleum Company Limited. IPMAN revealed on Thursday that the cost of petrol from the Dangote Petroleum Refinery to NNPC was about N898/litre,…
Nigeria’s abundant gas reserves can offer immediate solutions to the nation’s energy challenges if well managed. The Managing Director of Eterna Plc, Abiola Lukman Lawal, stated this while speaking on the theme: ‘Driving energy sufficiency in the downstream sector through CNG and LPG’ at the 2024 Annual Strategic International Conference of the Association of Energy…
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has denied reports that he ordered the NNPCL to stop running its own refineries and focus on equity participation in others. He made the clarification in a press statement made available to the media. “My attention has been drawn to statements made by Engr….
The United Nations Convention describes Persons with disabilities to include those who have long-term physical, mental, intellectual or sensory impairments, which in interaction with various barriers, may hinder their full and effective participation in society on an equal basis with others. More so, the World Health Organization, in 2018 reports that about 29 million of…
Media professionals have been charged to assist state governments in sensitizing Persons with Disabilities to register at their offices for data collection. The Head, Directorate of Social Development and Integration, Lagos State Office for Disability Affairs, Kelani Akim, gave the charge at a media awareness campaign on sexual reproductive health and rights of women and…
The Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has received an “Award of Excellence as an Astute and Visionary Technocrat” from the Petroleum Technology Association of Nigeria (PETAN). Presenting the Award at a ceremony in Lagos, the Executive Chairman of PETAN,…
The Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya, says Nigeria’s energy independence hinges on effective utilization of its abundant gas reserves. This, he said, can be achieved by implementing strategic initiatives that will propelthe country towards energy self-sufficiency. He urged the government and other critical stakeholders in the energy sector to focus…
The pump price of fuel has reduced from N1300.00 and N1350.00 to between N1200.00 and N1150.00 in Abia, following the Nigeria National Petroleum Company opening its portal for direct requests and payments for fuel from members of the Independent Petroleum Marketers Association of Nigeria. The fuel situation monitored in Abia indicates that some petroleum marketers…
The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery. This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.This development aligns with the current practices for…
