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Fear over cooking gas scarcity as supply drops

Fear over cooking gas scarcity as supply drops

The drop in the supply of Liquefied Petroleum Gas, popularly known as cooking gas, to Lagos has led to an increase in the retail price of the commodity, raising fears of an imminent scarcity in the state and many parts ...

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NUPENG accuses NEXEN Petroleum of unfair labour practices

NUPENG accuses NEXEN Petroleum of unfair labour practices

The Nigerian Union of Petroleum and Natural Gas Workers has accused the management of Nexen Petroleum of unfair labour practices over its refusal to negotiate with the union on Collective Bargaining Agreement since 2010. In a letter signed by its ...

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Oil worth $42bn stolen in 10 years – NEITI

Oil worth $42bn stolen in 10 years – NEITI

Crude oil and refined products worth $41.9bn were stolen from Nigeria in the last 10 years, the Nigeria Extractive Industries Initiative has said. NEITI also urged the government to embrace oil fingerprinting technology, comprehensive metering infrastructure of all facilities and ...

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NLNG makes direct gas delivery to PH

NLNG makes direct gas delivery to PH

The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards providing cleaner fuel for Nigerians and globally. The NLNG Managing Director, Tony Attah, spoke on Tuesday when the company delivered its maiden domestic liquefied petroleum gas cargo from Bonny ...

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Total to sell stake in Nigerian oil block

Total to sell stake in Nigerian oil block

Total Group is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion. ...

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NNPC saves over $3bn from arbitration

NNPC saves over $3bn from arbitration

The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, the oil firm’s Group Managing Director, Mele Kyari, announced on Tuesday in Abuja. Kyari disclosed this when he engaged workers of the corporation in a town hall meeting that ...

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Licence cancellation: FG gives Discos December 7 deadline

Licence cancellation: FG gives Discos December 7 deadline

Power distribution companies have till December 7 to submit their written responses providing reasons why their licences should not be cancelled, the Nigerian Electricity Regulatory Commission declared on Tuesday. In an updated document on the notice of hearing on the ...

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Buhari blames politicians, oil firms for tax losses

Buhari blames politicians, oil firms for tax losses

President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria commensurate revenue from oil production and sales, particularly taxes over the years. He said this on Monday after signing the amended Deep Offshore Act in London, ...

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NNPC to build two new refineries

NNPC to build two new refineries

The Nigerian National Petroleum Corporation has said it is in the process of establishing two new 200,000 barrels-per-day condensate refineries to boost in-country refining capacity. Unlike the conventional refineries, condensate refineries primarily refine condensate, not crude oil. They often produce ...

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Dangote plans fuel exports to Europe, others

Dangote plans $60m cement plant in Togo

Dangote Group has said it plans to export petroleum products from its refinery to Europe, South America, West Africa and Central Africa. The company stated this on Sunday during a visit by a delegation led by the Minister of State ...

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Fear mounts over rising gas refilling shops

Fear mounts over rising gas refilling shops

As more households shift away from kerosene to cooking gas, residents of many communities in Lagos and Ogun are now living in fear as several gas shops have sprung up, retailing the product with little or no regard for fire ...

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Deepwater royalty: Nigeria may lose $15bn, say IOCs

Deepwater royalty: Nigeria may lose $15bn, say IOCs

International oil companies and their local counterparts under the aegis of the Oil Producers Trade Section have said the Federal Government’s planned increase in deepwater royalty will worsen Nigeria’s competitiveness and make its $15bn planned deepwater investments economically unviable. The ...

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US- Africa collaboration targets deeper ties, LNG development

US- Africa collaboration targets deeper ties, LNG development

The United States (U.S.), is hoping to deepen ties with many African countries at this year’s Africa Oil Week, by leveraging its Prosper Africa Initiative and energy programme. Last December, the U.S. administration launched its Prosper Africa initiative with the ...

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National Assembly passes oil production sharing contract bill

National Assembly passes oil production sharing contract bill

FG to cut crude production cost The House of Representatives on Tuesday concurred with the Senate by passing a bill amending the Offshore and Inland Basin Production Sharing Contract Act 2014. In an accelerated process, the House considered the bill ...

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NASS summons 17 oil firms over NDDC debts

NASS summons 17 oil firms over NDDC debts

The Joint National Assembly Committee on Niger Delta Development Commission on Tuesday summoned 17 oil companies over their alleged N72bn and $273m indebtedness to the agency. The Chairman of the NASS joint panel, Senator Peter Nwaoboshi, issued the summons at ...

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Dangote dismisses pipeline delivery of fuel

Dangote plans $60m cement plant in Togo

The oil refinery being built by Dangote Group will deliver its fuel to Nigerian consumers by road and seaports, and will effectively replace all of the country’s fuel imports once fully operational, an executive of the company has said. The ...

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NNPC Isn’t In Competition With DAPPMA – Okoye

Pipeline Vandalism: NOSDRA Considers Drone Surveillance

By Kenneth Jukpor Following complaints that the Nigerian National Petroleum Corporation (NNPC) has become monopolistic in the downstream oil sector as sole distributor and importer of petroleum products, the Corporation has stated that it wasn’t in competition with Depots and Petroleum ...

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Pipeline Vandalism: NOSDRA Considers Drone Surveillance

Pipeline Vandalism: NOSDRA Considers Drone Surveillance

By Kenneth Jukpor The National Oil Spill Detection and Response Agency (NOSDRA) has indicated interest to begin surveillance of pipelines in Nigeria using drones as part of efforts to curb pipeline vandalization.   The NOSDRA Director-General, Musa Idris made this ...

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Nigerian refineries processed no crude in one month

Nigerian refineries processed no crude in one month

The combined yield efficiency of Nigeria’s refineries has crashed to zero, the latest report on the performance of the facilities has shown. Nigeria’s refineries are the Warri Refining and Petrochemical Company, Kaduna Refining and Petrochemical Company, and Port Harcourt Refining ...

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Nigeria’s Petroleum Ministry To Address Pipeline Vandalism, Data, Gas Flaring Challenges

Nigeria’s Petroleum Ministry To Address Pipeline Vandalism, Data, Gas Flaring Challenges

A total of N1.4 billion has been voted by the Ministry of Petroleum Resources to address critical challenges affecting Nigeria’s oil and gas sector, especially pipeline infrastructure as well as inadequate data. Nigeria’s oil pipeline vandalism hits an all-time high ...

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