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…
The Edo State Government has announced an indefinite postponement of resumption of all schools in the state over the hike in fuel price. T!he government announced this in a memo signed by the Permanent Secretary in the Ministry of Education, Ojo Akin-Longe, in Benin on Saturday. The permanent secretary said the resumption, scheduled for September…
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…
Dangote Group has denied reports that the Nigerian National Petroleum Company Limited, NNPCL, has started lifting fuel from its refinery. It was reported that NNPCL lifted petrol from Dangote Refinery and sold it for N897 per liter to Nigerians. The report comes amid the declaration by the Chairman of Dangote Group, Aliko Dangote, that the…
