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OIL & GAS

IPMAN: NNPC Alone Can’t Supply Petrol

IPMAN: NNPC Alone Can’t Supply Petrol

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the lingering fuel shortage in the country to inability of the Nigerian National Petroleum Corporation (NNPC) to supply Nigeria’s petrol consumption. In a statement issued yesterday by its western zonal chairman, Mr. ...

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Kachikwu: Nigeria Targets 50% Local Shareholding in Oil Industry in 10 Years

Kachikwu: Nigeria Targets 50% Local Shareholding in Oil Industry in 10 Years

. To compel multinationals to build local refineries • OPEC records 133% production cut compliance in January 2018 Nigeria will grow local investments and shareholdings of its oil and gas industry to 50 per cent within the next 10 years, ...

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Why fuel scarcity will persist, by IPMAN

Why fuel scarcity will persist, by IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that scarcity of fuel would persist unless government breaks the Nigerian National Petroleum Corporation (NNPC)’s monopoly of importation and distribution of petroleum products. Western Zonal Chairman of IPMAN, Debo Ahmed, ...

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By 2022, US May Cut Back Crude Oil Import From Nigeria

By 2022, US May Cut Back Crude Oil Import From Nigeria

The United States  may drastically reduce its import of crude oil from Nigeria by 2022, according to the US Energy Information Administration, EIA, in its report. The body said the country was projected to become a net energy exporter in ...

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NUPENG Suspends 15-Day Industrial Action Ultimatum

NUPENG trains 2,500 drivers to curb crashes

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) yesterday suspended the 15-day ultimatum issued to the Federal Government over unresolved labour issues. The President of the union, Igwe Achese, said the suspension was as a result of the ...

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Crude Oil May No Longer Hit $100 – Ibe Kachikwu

Crude Oil May No Longer Hit $100 – Ibe Kachikwu

The latest report as Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, on Tuesday said crude oil may no longer hit $100 per barrel in the international market, except there is a huge calamity in the producing regions. ...

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NLNG Seeks More Gas Projects In Nigeria

NLNG Seeks More Gas Projects In Nigeria

The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, has emphasised the need for Nigeria to unleash its gas potentials, and support the commencement of Train 7 project gas project. Speaking at the 2nd West Africa International Petroleum Exhibition ...

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DPR: Marketers Diverted 162 Trucks, Nine Million Litres of Petrol in Three Months

DPR: Marketers Diverted 162 Trucks, Nine Million Litres of Petrol in Three Months

Realises N12m from fines levied on erring marketers Between December 2017 and February 2018, about 162 trucks containing eight million litres of petrol supplied by the Nigerian National Petroleum Corporation (NNPC) as intervention products were diverted away from their original ...

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OPEC Assures US Shale Won’t Distort Oil Market

Forcados shutdown drags Nigeria’s production as OPEC’s May output shrinks

Nigeria must be gas-ready for future without oil, says NLNG The President of the Organisation of Petroleum Exporting Countries (OPEC) and United Arab Emirates (UAE)’s Energy Minister, Suhail Al Mazrouei, has stated that the increased production of shale oil by ...

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FG: Nigeria’s Power Sector Loses N24bn Monthly to Diesel Generators

FG: Nigeria’s Power Sector Loses N24bn Monthly to Diesel Generators

Says generators consume 300 million litres of diesel monthly Commissions N59.6bn transformer facility to upgrade supply in Abuja Nigeria’s electricity sector is losing N24 billion monthly to the diesel generator market, which consumers especially heavy electricity users like industries embrace ...

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PWYP Faults NNPC’s Continued Retention Of $16.8bn NLNG Dividend

NNPC: Nigeria Earned $476.25m from Crude Oil Sales in December

The Publish What You Pay (PWYP) Nigeria, has faulted the Nigerian National Petroleum Corporation (NNPC) for its continued withholding of dividends, amounting to $16.88 billion, paid by the Nigeria Liquefied Natural Gas Limited (NLNG) to it for the Federation Account. ...

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NNPC Mulls Ppp Oil, Gas Pipelines Construction Arrangements

Remaining parts of PIB’ll be passed before July – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has urged the new Board of one of its downstream subsidiary companies, the Nigerian Pipeline Storage Company (NPSC), to partner with the private sector to build ...

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Chevron, NLNG, Total, ExxonMobil Lead Pack Of Industry Exhibitors At NIPS

Chevron, NLNG, Total, ExxonMobil Lead Pack Of Industry Exhibitors At NIPS

Chevron, Nigeria LNG Limited, Total, ExxonMobil are among the list of top industry players that will exhibit at the forthcoming Nigeria International Petroleum Summit (NIPS) to be hosted in Abuja by the Federal Ministry of Petroleum Resources from 19 – ...

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Chinese Firm Loses Bid To Stop Trial On $12b Missing Crude Oil

Chinese Firm Loses Bid To Stop Trial On $12b Missing Crude Oil

Justice Rilwan Aikawa Aikawa of a Federal High Court, Lagos has struck out the preliminary objection filed by China National Offshore Oil Corp (CNOOC) Exploration and Production Nigeria Limited against the Federal Government in a $12b missing crude oil suit. ...

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Ambode targets 24-hour power supply in Lagos

Ambode targets 24-hour power supply in Lagos

Signs seven critical bills into law  Lagos State Governor Akinwunmi Ambode, yesterday, signed seven important bills into law, among which is the law to guarantee 24-hour power supply in line with the vision to attain a 24-hour economy and make ...

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NNPC to Supply 100m Litres of Petrol in February as Scarcity Persists in Abuja

NNPC to Supply 100m Litres of Petrol in February as Scarcity Persists in Abuja

The Nigerian National Petroleum Corporation (NNPC) thursday said it had programmed to supply 100 million litres of petrol every day in February, adding that this would help clear out the lingering scarcity of petrol currently experienced across cities in the ...

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Petrol Scarcity: NNPC Arrests, Charges Marketers, Hawkers for Alleged Sabotage

Petrol Scarcity: NNPC Arrests, Charges Marketers, Hawkers for Alleged Sabotage

The Nigerian National Petroleum Corporation (NNPC) wednesday said it had arrested and charged a number of petrol marketers and black market operators to court for allegedly sabotaging its efforts to bring to an end the scarcity of petrol in the ...

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NBS: Four Million Electricity Users Don’t Have Meters

NERC moves to address 57% meter deficit

No fewer than 4.1 million of about 7.5 million Nigerians with access to electricity across the country are not meterd by the distribution companies, the National Bureau of Statistics (NBS) has said. The NBS, in its ‘Power Sector Report: Energy ...

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Shell Ramps up Oil Production in Bonga Field after Shutdown

Shell Ramps up Oil Production in Bonga Field after Shutdown

Kechi, Sosoliso crash survivor on thank you visit to oil firm. Shell Nigeria Exploration and Production Company (SNEPCo) has stated that crude oil production in Bonga deepwater oilfield is “being ramped up gradually” after brief shutdown. This is coming as ...

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A’Ibom, NNPC, Dangote, Others to Establish New Power Plant

A’Ibom, NNPC, Dangote, Others to Establish New Power Plant

A new electricity generating company, Qua Iboe Power Plant, expected to gulp more than $1 billion is to be set up at the Qua Iboe Onshore Terminal in Ibeno Local Government Area of Akwa Ibom State. The Akwa Ibom State ...

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