The Shell Petroleum Development Company of Nigeria (SPDC) on Monday, September 5, 2022, said it was investigating a report of an oil spill from its asset at Ogboinbiri in Southern Ijaw Local Government Area of Bayelsa State. An operational mishap…
Oil & Gas
Dangote Refinery Gets 300,000 Barrels/Day from NNPC
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele…
Crude Oil Theft: Figures Claimed By NUPRC, NNPC and Stakeholders are Outrageous, And Impractical – Chief Of Naval Staff
There is a significant miscalculation in determining how much Nigeria is losing in terms of oil theft because oil losses due to other factors are often lumped together as theft. Meaning that the figures given by Nigerian Upstream Regulatory Commission…
Shell Commissions Indigenous Firm to Carry Out Largest Gas Market Survey in Nigeria
Nigeria’s leading domestic gas distribution company, the Shell Nigeria Gas Limited (SNG), has commissioned a far-reaching gas market survey in 33 per cent of the states in Nigeria to gain deeper market insights for entry and to accelerate the achievement…
PIA: MOMAN commends regulatory body on consultation with stakeholders
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…
Deregulation : Nigeria Stands to Save Over N12 Trillion – Rainoil CEO
The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…
Abuja’s State High Court halts Seplat Energy’s acquisition of Mobil Producing Nigeria
Last week, the State High Court of the Federal Capital Territory of Abuja made an ex-parte order of interim injunction restraining Mobil Producing Nigeria and its shareholders from completing the Share Sale and Purchase Agreement previously signed with Seplat Energy. In February…
Kyari Attributes Rising Cooking Gas Price to Undersupply
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has assured Nigerians that the corporation is working with relevant agencies to ensure that the price of gas is affordable by increasing the volume supplied to the domestic…
OPEC Warns of Impending Oil Price Volatility as Investments dry up
Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has expressed concern over declining investment in the oil sector which may lead to price volatility if the decline is left uncurbed. The Nigerian-born OPEC chief, who…
Indigenous Energy firm, OMAA, rolls out Nigeria’s first dual power buses
An indigenous energy firm, OMAA has rolled out Nigeria’s first locally assembled natural gas-powered buses and are already producing in volumes. The roll out took place at its facility in Igbo Ukwu near Nnewi, Anambra, in the presence of Dr.…
