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Nigeria now haven for ‘dirty fuels’ as regulations fail
Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the country’s product space, leaving Nigerians, the…
12 Sep  
Total pledges additional 200,000bpd to Nigeria’s oil production by Q4
17 Aug  
Deputy Managing Director, Deep Water District, TOTAL, Mr. Ahmadu-Kida Musa, has promised a 200, 000 barrel per day increase to Nigeria’s oil output. Musa disclosed this at the National Association of Energy Correspondents’ Conference in Lagos yesterday. He said the projection by Total E&P Nigeria Limited would be realised in the fourth quarter of this…
U.S. import from OPEC member countries declines by 23,000bpd
18 Jul  
The United State (U.S) product imports from the Organisation of the Petroleum Exporting Countries (OPEC) member countries dropped by 23 thousand barrels per day (tbpd) compared to a month before to stand at 301 tbpd. Besides, OPEC has raised world oil demand by 1.65 million barrels per day (mbpd) in 2018 in its July monthly…
Worry as PIGB fails to address critical governance issues in petroleum industry
18 Jul  
Even with the passage of the Petroleum Industry Governance Bill by the National Assembly, is still being faced with unaddressed issues, which originally should have been dealt with in the legislation, STANLEY OPARA writes It is no news that the current National Assembly has passed the Petroleum Industry Governance, which seeks to provide for the…
PPMC gets N184.02bn from sale of petroleum products in March
18 Jul  
Sale of petroleum products by the Pipeline and Products Marketing Company (PPMC) decreased from the N198.94 billion realised in the month of February to N184.02 billion in May, 2018. Total revenues generated from the sales of white products for the period March 2017 to March 2018 stands at ₦2.129 trillion, where Premium Motor Spirit (PMS)…
Nigeria targets 10% gas market amid stalled mega projects
11 Jul  
Last week, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said that the Federal Government is targeting 10 per cent of the world’s market share...
OPEC: Nigeria will not support additional oil supply – Kachikwu
22 Jun  
The Minister of state for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, said Nigeria would advise against additional oil supply to the global market by OPEC and non-OPEC members. Kachikwu made the country’s position known in an interview with journalists on Thursday ahead of the 174th Meetings of the OPEC Conference and the OPEC and non-OPEC…
NNPC plans strategies to stay in business
28 May  
The Nigerian National Petroleum Corporation (NNPC) has said that it is working on the right strategies to remain in business for a long time. The Group Managing Director of the corporation, Maikanti Baru, who spoke at the NNPC first quarter 2018 top management steering committee meeting in Abuja at the weekend, said in order to operate as…
Bonga achieves 763m oil barrels production since in 12 years
16 May  
Shell Nigeria Exploration and Production Company (SNEPCo), said it has delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.     The company has also expanded the field with further drilling of wells in Bonga Phases 2 and 3, and through a subsea tie-back that…
TellCo Europe launches off-grid solar power system
16 May  
In promotion of clean and efficient energy usage in Nigeria, TellCo Europe Nigeria, a renewable and clean energy solution firm, has launched a mono-crystalline (mono) off-grid solar power system, taking to cognisance the nation’s weather system.       The company aims to bridge the power challenges experienced by mostly Micro/Small and Medium Enterprises (MSMEs) in the…
CSR-in-Action partners NEITI to resolve conflict in extractive sector
16 May  
A sustainability consulting and advocacy outfit, CSR-in-Action Advocacy, and its partners have scheduled to hold the 7th Sustainability in the Extractive Industries (SITEI) Conference and Exhibition, at the Shehu Musa Yar’adua Centre, Abuja, between May 21 and 22. Partners include the Nigerian Extractive Industries Transparency Initiative (NEITI); the Federal Ministries of Petroleum Resources, and Mines…
DPR to release new guidelines for LPG operations in Nigeria
16 May  
The Department of Petroleum Resources (DPR), has unveiled plans to release new guidelines to govern Nigeria’s Liquefied Petroleum Gas (LPG) sector.    To achieve this, DPR will embark on stakeholders’ engagement in the LPG industry with a view to fashioning new guides on life threatening issues being taken for granted by operators in the industry.…
Crude oil prices defy forecast, hit $78.18
16 May  
Global crude oil prices is gradually moving towards reaching the $80 per barrel mark, as Brent hits $78.18, while Nigeria’s Bonny Light was sold at $77.54 per barrel during late trading hours on Monday. At Nigeria’s current crude oil production of two million barrels per day, the country earns estimated $155.080 million (N55.828 billion) at the…