Technical Adviser, The Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Mr Justice Derefaka, has said gas supply is helping to build industrial clusters across the country. Derefaka made this known in a statement issued…
The Dangote oil refinery in Nigeria is set to start processing crude oil from the third quarter of 2022. The facility, estimated to cost $19 billion to build, has an installed capacity of 650,000 barrels per day. Aliko Dangote, is…
The new National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Debo Ahmed, has appealed to the management of the Nigerian National Petroleum Company (NNPC) Limited, to ensure payment of outstanding bridging claims owed members of the…
Oil major, Shell Plc’s has gone for an appeal to overturn an almost $2 billion award against the company for allegedly spilling oil in Nigeria. The energy giant is challenging a November 2020 judgment in favour of community members claiming a leak…
AP LPG terminal, a subsidiary of Ardova PLC, has commenced the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal in Lagos. The facility ceremony signified the official commencement of construction activities which is expected to be…
The oil giant ExxonMobil is getting serious with its target to achieving net-zero greenhouse gas emissions for its operated assets by 2050. The oil firm was responding to rising oil prices which rose to seven-year high on Tuesday amid ongoing…
A Federal High Court in Lagos has directed the Nigerian National Petroleum Corporation (NNPC), Ministry of Petroleum Resources and National Petroleum Investment & Management Respondent Services (NAPIMS) from allocating crude oil to Addax Oil Exploration Plc. Justice Tijjani Ringim held…
The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has applauded the current action by the Rivers State Government to address the vexed issues of oil theft and refining of stolen crude oil and the consequent release of soot into…
The IEA raised its demand growth estimates by 200,000 bpd for both 2021 and 2022 The market is tighter than expected, the agency said, but still warned that there would be a surplus in the first quarter of 2022 In…
…Set to establish micro sales, distribution centres The Federal Government has reiterated its plans to inject 10 million cylinders of Petroleum Liquefied Gas into circulation nationwide to increase access to the commodity. The distribution of these cylinders, which is to…
