Oil Industry

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged the Federal Government to implement measures ensuring gas price stability and accessibility to the average Nigerian. This plea was voiced by NALPGAM’s National President, Abideen Olatunbosun, during the association’s 36th annual general meeting in Ibadan, Oyo State. Olatunbosun expressed concern over the rapid surge …

Gas Marketers Appeal to FG Over Escalating Gas Prices Read More »

The Dangote Petroleum Refinery has disclosed a delay in its production commencement. The reason? An inability to secure crude oil from the Nigerian National Petroleum Corporation Limited (NNPC). Devakumar Edwin, an Executive Director of the Dangote Group, revealed this in an interview with S&P Global Commodity Insights. He stated that the refinery is now importing …

Dangote Refinery Awaits NNPC Crude Amidst Production Delays Read More »

The Federal Government has inked a deal with essential oil and gas industry operators to enhance efficiency and cut costs per barrel. This agreement mandates the reduction of the contracting cycle to a maximum of 180 working days. The Memorandum of Understanding (MoU) was signed in Abuja, involving NNPC Limited, the Nigerian Content Development & …

Major Oil Players Sign Deal to Slash Contracting Cycle to Half a Year Read More »

A recent gathering in Owerri, Imo State, focused on transforming communities hosting oil and gas infrastructure. The event was organized by the Nigerian Extractive Industry Transparency Initiative (NEITI) and Spaces for Change, a non-profit group. The dialogue had a theme centred on equitable benefit-sharing and sustainable prosperity. NEITI Executive Secretary Ogbonnaya Orji emphasized the need …

NEITI and NGO Push for Development in Oil Host Communities Read More »

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the awarding of gas flaring licences to 42 companies as part of the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) auction process. This decision comes after the unveiling of the MTN-Baze University 5G2Business initiative, which seeks to leverage 5G technology to transform educational and administrative processes. …

42 Firms Secure Licences in Nigeria’s Gas Flare Commercialisation Bid Read More »

Oil marketers in Nigeria have postponed their plans to import Premium Motor Spirit (PMS), commonly known as petrol. They are waiting for the government’s promise to commence local production of refined petroleum products by December. The decision comes amid difficulties in accessing the U.S. dollar required for imports. Chinedu Okonkwo, the National President of the …

Oil Marketers Await Govt’s Refinery Promises, Pause Fuel Imports Read More »

The Major Oil Marketers Association of Nigeria (MOMAN) has refuted claims that local refining could reduce petrol prices to as low as N200 per litre. This statement comes in response to a recent report by the Independent Petroleum Marketers Association of Nigeria (IPMAN), which suggested that revamping the refineries could significantly drop petrol prices. MOMAN’s …

MOMAN: Local Refining Won’t Lower Petrol Price to N200 Read More »

Chevron Nigeria Limited, a joint venture between the Nigerian National Petroleum Company Limited and CNL, dismisses allegations of involvement in crude oil theft in the Niger Delta. The allegations were made by an online media platform and cited by Chevron and another international oil company. Esimaje Brikinn, CNL’s General Manager of Policy, Government and Public …

Chevron Denies Accusations of Crude Oil Theft in Niger Delta Read More »