The Lagos State Petroleum Marketers Safety Conference, holding today, presents an all-inclusive platform for stakeholders in the downstream sector to synergise with the regulators, government agencies, and public institutions to drive effective safety management practices in the industry. In this interview with Tayo Oredola, James Ashokeli, the chief organiser of the conference, highlights the major…

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…

It is not known to this column how close Brigadier Sani Abacha was to Major General Muhammadu Buhari by December 1983. It was Abacha who announced at the end of a few minutes of martial music on new year’s eve that the government of President Shehu Shagari had been thrown into the dust bin of…

To boost fuel supply across the country, about 20 vessels laden with petroleum products are expected to berth in Apapa ports between now and March.     The vessels are among the 34 ships being expected at the Lagos Pilotage District of the Apapa port, and billed to start arriving from February 20 to March 24.…

The Anambra State chapter of the Nigeria Labour Congress (NLC) has described the lingering high cost of petroleum products as a huge setback for businesses and economic existence of the people and called on the Federal Government to take more drastic action to remedy what it termed “embarrassing situation.” Its Chairman, Jerry Nnubia, said yesterday…

The Nigeria Extractive Industries Transparency Initiative (NEITI) 2015 Oil and Gas Industry Audit Report, showed that the country recorded a net loss of $723 million (N260 billion) from getting refined products through Offshore Processing Arrangement (OPA) in 2015. Besides, the agency said that sum of N317 billion which is the value of crude allocated for…

Twenty-two ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from Dec. 22 to Dec. 30. The Nigerian Ports Authority (NPA) stated this in its publication, “Shipping Position’’ on Monday in Lagos. NPA said that the ships contained buck wheat, empty container, bulk…

Besides, despite the relatively low cost of fuel at some filling stations, which has reduced to about N140 per litre around the country, petrol still sell above the prescribed pump price of N145 in Cross River, Kaduna and Yobe states respectively.

Fifty-six years after independence and more than 58 years after Nigeria’s first commercial oil discovery, the sector is still bedeviled by low production level/reserves, militancy and weak regulatory framework.

Speaking to NASA’s Patrick Barry, Tramel explained that, while the gas is scarce on Mars, carbon dioxide—which is abundant—could be mixed with hydrogen and heated, to produce methane and water.

This over-dependence on petroleum resources by Nigeria and some of these countries have thrown challenges to their respective concomitant mono-cultural economic profiles.

The Federal Government says that the new price regime for the downstream petroleum sector is comprehensively designed to tackle the hardship faced by Nigerians and create additional 200,000 jobs in the country.