The Dangote Petroleum Refinery has clarified it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. In a statement made available to the media, the refinery stated that although discussions…
Oil & Gas
NMDPRA: Nigeria’s Daily Fuel Consumption Could Reach 50 Million Liters – Farouk Ahmed
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has stated that petrol consumption had fallen to 4.5 million liters following the removal of subsidies by President Bola Tinubu. He made this disclosure at…
NLNG Affirms Commitment To Increased Investment in Nigeria’s Energy Transition – Announces New GM, External Relations
* Dr Sophia Horsfall Takes Over as GM, External Relations and Sustainable Development The Nigeria Liquified Natural Gas (NLNG), has recommitted itself to ensuring increased investments to catalyze Nigeria’s Clean Energy The pioneering company affirmed this dedication towards ensuring the…
We Have Enough Fuel Stock, Major Energies Marketers Reassure Nigerians
Addressing the recurring concerns of a perceived tightness in the petroleum supply market, the Major Energies Marketers Association of Nigeria (MEMAN) have reassured the public and all stakeholders that MEMAN has a robust supply of petroleum products readily available. Reaffirming…
OTL: Marowin Showcases Exclusive Partnership with Elcometer – Set to Enhance Industry Uptime
Indigenous engineering and procurement firm, Marowin Engineering and Development Limited, has announced its exclusive partnership with Elcometer, a renowned manufacturer of equipment crucial for maintaining integrity and flow assurance in pipeline systems. The collaboration, showcased at the ongoing African Downstream…
Seplat Energy Reports 9M N1.071 Trillion Revenue Growth for 2024
Seplat Energy PLC, a prominent independent energy company in Nigeria listed on both the Nigerian Exchange and the London Stock Exchange, has announced its unaudited results for the nine months ending September 30, 2024. The company reported a robust underlying…
OTL Africa: Pinnacle CEO Highlights Major Changes in Nigeria’s Downstream Sector Following Subsidy Removal
* Highlights Transformations in Nigeria’s Downstream Sector Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, has emphasized that the downstream sector of Nigeria’s oil and gas industry is experiencing significant changes and challenges following the removal of subsidies. He…
OTL Africa 2024: First Bank Assures of Continued Investment in Africa’s Oil and Gas Sectors
First Bank of Nigeria (FBN) Plc, has re-affirmed its commitment towards enhancing investment in Africa’s oil and gas sectors. With a robust presence across six African nations and strategic partnerships in the UK, France, and China, the bank is poised…
OTL Africa: Nigeria’s Oil Industry Targets 3 Million Barrels Daily and Increased Gas Utilization to Become a Net Exporter – NMDPRA
* Issues Nine Licenses to Establish (LTEs), Seven Licenses to Construct (LTCS), and Four Licenses to Operate (LTOS) for modular refineries. With the spate of ongoing reforms and investments in the oil and gas sector, Nigeria is set to become…
Unleashing Potential: Mainland Oil Reiterates Commitment to Lubricant Production and CNG Utilization in Africa – Chris Igwe
Mainland Oil has reiterated it’s commitment to service provision in the oil and gas industry, showcasing its strengths in lubricant production and compressed natural gas (CNG) utilization, towards driving energy security and sustainability across Nigeria and beyond. This, according to…
