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OIL & GAS

Nigeria, others’ crude-spot dwindles as traders await new programmes

Nigeria, Saudi Arabia meet to boost refineries, pipelines, others

Spot activity dwindled on Monday as traders awaited the new March Nigerian and Angolan loading programmes that are expected to emerge this week, while India’s IOC mopped up some cargoes via a tender. Less than five cargoes of Angolan crude ...

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Afolabi emerges as NUPENG’s general sec

Tanker drivers, others to get 1,000 sanitisers per week –NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has appointed Olufemi Afolabi, as the General Secretary of the union in an acting capacity. Afolabi until now was NUPENG’s Deputy General Secretary in charge of Operations.He received the leadership ...

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Osinbajo and failed relocation orders to oil majors, Apapa trucks

BULLS: 'Apapa Traffic'

‘NNPC must move to Niger Delta to encourage IOCs’ Tracking electoral promises by Nigerian politicians for their implementation could be a tricky affair. In most cases, those promises are not originally meant to be fulfilled; they are usually made on ...

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No N219b allocation for Mambilla power project, says Fashola

Budget: 85% VAT Going To States, LGAs

Minister of Power, Works and Housing, Babatunde Fashola, has said there is no budgetary or cash provision of $600 million (about N219 billion) for the Mambilla power project. The minister described the media report, which he alleged was authored and ...

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DPR Slams Three-Month Ultimatum On Illegal Filling Stations, Others

DPR Launches Guidelines For Nigeria’s Upstream Sector

The Department of Petroleum Resources on Thursday declared that it had given a grace period of three months for all illegal filling stations and gas plants to regularize their facilities or face the full wrath of the law. It disclosed ...

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NNPC To Crash Cooking Gas Price

DPR Expresses Concern Over Illegal Marketing Of Cooking Gas

The Nigerian National Petroleum Corporation on Thursday announced its readiness to implement an effective commercial framework that would halt the export of propane and butane, which are major components in the production of Liquefied Petroleum Gas, also known as cooking ...

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NNPC, DPR, stakeholders mull new measures to sanitise oil sector

Nigeria saves N673b from refining oil abroad

•Govt to clampdown on illegal operators in sector Stakeholders in the nation’s oil and gas sector yesterday in Abuja, called for collaborative measures to end sharp practices that could undermine safety of lives, investments and properties in the country. The ...

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Infrastructure critical to ending gas flaring, says Kachikwu

NSIA moves to reduce gas flaring

Although Nigeria has set a target of ending gas flaring by 2020, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said the country’s infrastructure gap remain a critical challenge to government’s gas commercialisation agenda. Kachikwu, who told The Guardian in ...

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SERAP demands names of fraudulent power projects contractors

SERAP demands names of fraudulent power projects contractors

Minister of Power, Works and Housing, Babatunde Fashola, has been asked to provide the names and details of contractors that allegedly collected money for electricity projects but failed to execute them, from 1999 to 2018. The Socio-Economic Rights and Accountability ...

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Militants ‘resume attacks’ on pipelines in Niger Delta

Militants ‘resume attacks’ on pipelines in Niger Delta

Suspected militants may have renewed hostilities against oil companies operating in the Niger Delta. For example, a group yesterday claimed it was behind the attack on an oil pipeline at Koluama community in the Southern Ijaw Local Government Area of ...

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Government to spend N1.149 trillion on petrol subsidy in 2019

Petrol price hits N143.8, stakeholders push for total deregulation

• Integrity Of Subsidy Payment Suspect • Scheme Hits N62 Per Litre • Stakeholders Deplore Opaque Regime, Demand Urgent Explanation • Condemn NNPC’s Hijack Of PPPRA’s Role, Workers Fear Job Loss A princely sum of N1. 149, 385 trillion is ...

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Petrol subsidy hits N2.43b daily

Petrol subsidy hits N2.43b daily

• NNPC takes over calculation from PPPRA The task of determining the daily consumption and subsidy on petroleum products has been taken over by the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC).The development ...

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‘Crude oil production witnessed nine per cent increase in 2018’

Nigeria Sees Rig Count Dip By 3 As OPEC Records Plus 12

• NNPC lists sector’s achievements The Nigerian National Petroleum Corporation (NNPC) yesterday said daily crude oil production recorded an upward swing of about 2.09million barrels in the outgone 2018. The increase, which translates to 9 per cent, when compared with the ...

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Gencos: Nigeria’s Electricity Market Operating Without Contractual Terms

Electricity consumers lodge 297,897 complaints in six months

Power generation companies (Gencos) in Nigeria have alleged that the Transitional Electricity Market (TEM) does not exist. The TEM was unveiled in 2015. The commercial interactions between operators were expected to be backed with contracts such as the Power Purchase ...

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Nigeria to renew oil blocks’ licences in Q1, says Kachikwu

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has announced that all oil blocks that are due for renewal would be approved by the first quarter of the year. He said the plan follows the early renewal policy that ...

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Navy Unveils Measures to End Oil Theft, Pipeline Vandalism

11 new pipelines expected in Nigeria by 2023

The Nigerian Navy yesterday disclosed that it had increased its surveillance in the country’s maritime domain with the refurbishing of its old vessels and the acquisition of new ones, which would end the rate of oil theft and pipeline vandalism ...

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18 ships of petrol waiting at Lagos ports, 31 others in transit

Crude Affreightment: No Indigenous Operator Has Benefitted From NIDAS Operations

The massive importation of petroleum products better explained how the Federal Government avoided fuel scarcity this Yuletide season, even as 18 more ships laden with Premium Motor Spirit (PMS) also known as petrol, are currently waiting at the Lagos ports ...

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NUPENG urges government to implement national reforms

NUPENG urges government to implement national reforms

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has admonished the Federal Government to proactively rededicate itself to the complete and total implementation of national reforms in the country.It said that the reforms, not just in the petroleum sector ...

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NNPC reserves three billion litres of petrol for Yuletide

NNPC reserves three billion litres of petrol for Yuletide

• Promises uninterrupted supplies Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, yesterday assured of uninterrupted supply of fuel during the Christmas and New Year celebrations and beyond, saying it has 60-day fuel in stock. ...

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‘NLNG dividend withdrawals targeted at giving Nigerians better life’

‘NLNG dividend withdrawals targeted at giving Nigerians better life’

Contrary to the notion that the Nigerian National Petroleum Corporation’s (NNPC) recent withdrawals from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account was politically motivated, the national oil company has said the fund will be used to better the life ...

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