Prospects for Nigeria in CNG, LPG applications in vehicles, industries
The outlook for natural gas has shown that demand for the commodity is set to rise as new gas infrastructure across value chains will support the rise in traded gas flows.
PENGASSAN flays local oil firms over abuse of labour laws
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has decried abuse of labour laws by some indigenous oil companies. It indicted Forte Oil, Seplat, AITEO and NIPCO as firms among violators of the nation’s labour laws. Condemning the act, PENGASSAN, which described the firms’ anti-labour stance against their employees as unacceptable, said…
‘Investments in cooking gas will check deforestation’
Nipco Plc has restated its commitment to addressing deforestation in some parts of Nigeria, leveraging its investments in cooking gas. Managing Director of the company, Sanjay Teotia, said this at the 8th annual international conference and exhibition of the Nigerian Liquefied Petroleum Gas Association (NLPGA) in Abuja. He maintained that NIPCO’s huge investments in the…
NIPCO invests in capacity building
Energy solutions provider and oil marketer, NIPCO Plc, has attributed its strong performance in the petroleum industry space to strategic growth drives. It also says investments in capacity building has helped it to survive the country’s challenging business environment. The Managing Director of the company, Sanjay Teotia, disclosed this at the performance management workshop for…
NIMASA seals three oil jetties over safety defects
The Nigerian Maritime Administration and Safety Agency (NIMASA) has sealed three oil firms.
NIPCO bags awards on acquisition of ExxonMobil
NIPCO Plc has bagged an Oil and Gas industry award for its unprecedented acquisition of ExxonMobil stake in Mobil Oil Nigeria (MON) Plc. The award, which was in recognition of the company’s huge financial investments in the nation’s downstream petroleum industry, was the highlight of the maiden Nigeria International Petroleum Summit (NIPS) held in Abuja.…
NIPCO promises market friendly rates, unfettered access” in 2018
Amidst the current fuel crisis in the country, NIPCO has offered some soothing words to stakeholders, promising market friendly rates for all petroleum products from its depot in 2018.
Lawmakers laud Nipco’s increased stake in downstream operations
The recent acquisition of ExxonMobil’s 60 per cent equity in Mobil Oil Nigeria Plc by NIPCO has demystified the impression by International Oil Companies (IOCs) that it is impossible for indigenous companies to market petroleum products.
Nipco group retail outlets hit 500
Also speaking, the Managing Director, NPMC, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), Umar Ajiya, outlined reasons that contributed to NIPCO’s pivotal role in petroleum products storage and distribution across the country.