The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a disclaimer regarding a video circulating online, in which an individual pours a dark liquid claimed to be Premium Motor Spirit (PMS), allegedly purchased from an NNPC Retail outlet at…
ADIPEC 2024: NNPC Calls for Stronger Collaboration and Transparency to Drive Decarbonization Efforts
The Nigerian National Petroleum Company (NNPC) Ltd has emphasized the need for stronger collaboration and transparency to accelerate carbon reduction across the oil and gas value chain, as parties within the global energy sector aim for net-zero emissions by 2050.…
“Komolafe Denies N32bn Revenue Leakage, Highlights NUPRC’s Transparency and Investor Confidence”
Engr. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has firmly refuted allegations of a N32 billion revenue leakage within the commission. Testifying before the House of Representatives Public Accounts Committee, Komolafe clarified that NUPRC…
Heirs Energies CEO to Highlight African Energy Leadership at African Energy Week 2024
Heirs Energies, a leading integrated energy company in Africa, announces its participation in the prestigious African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town, South Africa. Osa Igiehon, CEO of Heirs Energies, will represent the company…
FG Appoints Afreximbank as Settlement Bank for Naira-Based Transactions on Crude Oil, Petroleum Sales
With the commencement of PMS production from the Dangote Group’s 650,000-barrel-per-day refinery, the Federal Government of Nigeria has appointed the African Export-Import Bank also known as Afreximbank as the Settlement Bank for naira-based transactions on crude oil and refined petroleum…
OTL: MDGIF Highlights Integrated Policy, Infrastructure, and Tech Investments as Crucial for Tapping Nigeria’s Abundant Gas Reserves
…Calls for Ongoing Government Support as Nigeria’s Gas Pipeline Network Meets Only 10% of Local Demand The Midstream and Downstream Gas Infrastructure Fund (MDGIF), operating under the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has indicated that a comprehensive…
Divestment: NUPRC to Resolve Shell’s $1.3bn Renaissance Africa Deal, Gets Vote of Confidence from Energy Adviser, Olu Verheijen
…Insists Nigeria is open to investors as Government Accelerates Focus Shift to Deep Offshore and Gas Operations The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream Petroleum…
Empowering Sustainable Development: Nigerian Environmental Society ‘Eko 2024’ Charts Path To Innovative Resource Management and Conservation
Stakeholders in the Nigerian Environment have collectively been challenged and encouraged to confront the Nation’s environmental challenges and embrace a greener future built on sustainability and development. This rousing call to action was made by Prof. Olanrewaju Fagbohun, while delivering…
NAPE Pre-Conference: Leveraging Divestments, Local Content Capacity to Enhance Nigeria’s Oil and Gas Industry
As the 42nd annual international conference of the Nigerian Association of Petroleum Explorationists (NAPE) approaches, taking place from November 10-14, a pre-conference workshop has been held to discuss critical issues impacting the industry. In his opening remarks, Dr. Abiodun Ogunjobi,…
Dangote Petroleum Refinery Clarifies: No Payments Received from IPMAN for Refined Products
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…
