…Insists on supplying only refiners who have fulfilled obligations The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. A statement issued by the management…
Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal. The terminal was shut for maintenance on July 12, 2023 after workers saw ‘fumes’ near a single buoy mooring where oil was…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has dispatched a Search and Rescue and marine accident investigation officers to the scene of the incident involving the Majestic Rig belonging to Depthwize Nigeria Limited, which capsized at Ovhor in Warri, Delta State.…
The MD/CEO of Transcorp Power, Christopher Ezeafulukwe has assumed the leadership position at troubled utility, Abuja Electricity Distribution Company (AEDC). This followed the resignation of its former Managing Director, Adeoye Fadeyibi and this signifies Transcorp’s push at consolidation. Christopher Ezeafulukwe was…
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s gas reserves grew to 209.5 trillion cubic (tcf) in 2022 which ranks as the ninth largest in the world, but harnesses only about 8 billion standard cubic feet…
A oil rig contracted by SEPLAT/NNPCL joint venture capsized yesterday in Delta State. The incident involving the Majestic rig near Ovhor, Delta State happened in the early hours of Tuesday. A statememt by the Chief Executive Officer of Seplat, Mr…
In its interim results for the period that ended in June 2023, Golar LNG said it signed heads of terms with Nigeria National Petroleum Corporation for the joint development of gas fields using floating liquefied natural gas (FLNG), expanding on…
The Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, Ajuri Ngelale has said that more refineries in Nigeria, will not lead to lower fuel prices. He made this known during a recent interview via TVC News. According…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. NEITI Executive Secretary, Dr Orji Ogbonnaya Orji at the policy dialogue on Nigeria’s Decade of…
President Bola Tinubu has assured that measures would be taken to stabilise the supply and demand of petrol in the country. The Presidential spokesman, Ajuri Ngelale, who disclosed this on Tuesday, said the measures would involve addressing the inefficiencies noticed…
