The Nigerian National Petroleum Company (NNPC) Ltd. has expressed satisfaction with the level of compliance by petroleum products depots with the directive to extend hours of operation, to end the lingering petrol scarcity. Mr Isiyaku Abdullahi, Managing Director, Pipelines Products…
By Uthman Salami Analysts have warned that global oil price could reach $150 if Western countries succeed in banning Crude from Russia. After attacking Ukraine, Russian government has seen different economic sanction from the West, but the region has been very reluctant…
Mr Peter Esele, an labour activist, on Friday advised that the lingering fuel scarcity in the country be treated as in the era of pandemic. Esele, former President, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), gave the…
The Nigerian Content Development and Monitoring Board (NCDMB) has secured approval to work with select partners to produce Liquified Petroleum Gas (cooking gas) that would meet 10 percent of current nationwide demand. The Executive Secretary of the NCDMB, Engr. Simbi…
By Uthman Salami The Minister of State for Petroleum Resources, Chief Timipre Sylva has said Nigeria’s gas endowment is enough to make the West African sub-region become energy self-sufficient. He explained that the Nigerian government is working on a Roadmap…
By Uthman Salami Brent crude price at the international global market has reduced by 0.45 per cent as opposed its earlier gain on Wednesday. Report had it that the price reduction could have been associated to the rumors that a…
The Nigeria Petroleum Development Company Ltd. (NPDC) says the ongoing rehabilitation of NNPC refineries and completion of private refineries like Dangote refinery would shore up Nigeria’s position as a refining and petrochemicals hub. Mr. Ali-Muhammad Zarah, Managing-Director, NPDC, said this…
Nigeria and Equatorial Guinea on Tuesday signed a landmark Memorandum of Understanding (MoU) to supply gas from Nigerian offshore fields to the neighbouring Equatorial Guinea Gas Processing Facility at Punta Europa. This MOU kicks off a strategic economic collaboration across…
A former Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the divestment of assets by some International Oil Companies (IOCs) is beyond the global push for energy transition. Kachikwu spoke at a Chief Executive Officer Round Table Session at…
By Dave Okpogadie, Asaba Asaba the capital of oil rich, Delta state is having its fair share of the fuel scarcity that has hit the nation for some time now. Premium Motor Spirit (PMS), otherwise known as petrol, has become…
