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Heyden Petroleum, MRS and Ardova Plc retail stations will begin the sale of Premium Motor Spirit (PMS) commonly referred to as Petrol at N860 - N865 per litre today. This new price comes on the heels of the crash in the ex-depot price by Dangote Petroleum Refinery & Petrochemicals by N65 from the previous price ...
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. This was disclosed by the company in a statement on Wednesday. According to the company, the price adjustment is designed to ...
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has urged members not to shut down operations. This is following the association’s conflict with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over bridging claim issues. The National Public Relations Officer (PRO), PETROAN Dr Joseph Obele made the call after an emergency national executive ...
Shell Nigeria on Tuesday won the Best Upstream Company 2024 award at the Nigerian International Energy Summit (NIES) currently underway in Abuja. The award, received by Senior Vice President, Nigeria Marno de Jong celebrates the contributions of Shell companies in Nigeria, especially The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and ...
...Says only two trains operational despite six available ...Urges Government to prioritise security of gas assets Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, has decried losses suffered by the company to insecurity on gas assets. Speaking at the opening ceremony of the Nigeria International Energy Summit (NIES) in ...
The Nigerian Content Development and Monitoring Board (NCDMB) has commended the Shell Petroleum Development Company of Nigeria Limited (SPDC) for the in-country fabrication of two Single Point Mooring (SPM) buoys by Prime Sources Limited (PSL) an indigenous company based in Warri, Delta State. SPMs are floating facilities used for loading liquids and gas offshore and ...
The Independent Petroleum Group (IPPG) has commended the Federal Government for the successful completion of divestment deals by International Oil Companies (IOCs) in Nigeria, noting that it has significantly boosted the activities of indigenous companies, which now contribute around 50 percent of the country’s total oil production. The Chairman of IPPG, Abdulrazaq Isa, made the ...
The Chairman of the Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has bagged the Energy Industry Leadership Award. The PETAN Chairman bagged the award before an impressive gathering of oil and gas Industry professionals at the Dinner and Awards ceremony at the ongoing Nigeria International Energy Summit (NIES) in Abuja. The distinguished NIES ...
...Says production approximately 1.8m barrels per day ...AKK pipeline will enhance gas supply to key industrial commercial hubs — Ekpo By Blessing Emmanuel and Dennis Matthew The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Ph.D., has reaffirmed Nigeria’s commitment to unlocking Africa’s vast energy potential, attracting global investors, and driving sustainable ...
By Matthew Denis The Minister of State for Petroleum Resources Oil Sector, Sen. Heineken Lokpobiri has announced that the country is currently producing approximately 1.8 million barrels per day of the fuel product. The Minister made the disclosure during his Keynote address at the ongoing Nigeria International Energy summit (NIES) held in Abuja on Tuesday. ...
By Blessing Emmanuel The 8th Edition of the Nigeria International Energy Summit (NIES 2025) commenced in grand style, reaffirming the country’s commitment to driving sustainable energy solutions, fostering investments, and positioning itself as a global energy leader. Delivering the welcome address, Permanent Secretary of the Ministry of Petroleum Resources, Ambassador Nicholas Agbo Ella underscored the ...
The Chief Executive Officer of Seplat Energy, Roger Brown, has emphasized the company’s potential to tap into an estimated 14 trillion cubic feet of untapped natural gas in its newly acquired assets in Akwa Ibom State. Brown made this statement during his address at the Heirs Energies Leadership Forum 2025 in Abuja, where he discussed ...
By Seun Ibiyemi Petroleum marketers have issued a seven-day ultimatum to the Federal Government over the N100 billion debt owed to them, warning that a supply disruption is imminent if the issue is not resolved. The marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other industry stakeholders, claim that ...
By Sodiq Adelakun The Lagos Waste Management Authority (LAWMA) is set to revolutionise waste collection in the state with plans to introduce 100 Compressed Natural Gas (CNG) compactors this year. The announcement was made by LAWMA’s Managing Director, Dr. Muyiwa Gbadegesin, during an interview with journalists on Monday. Gbadegesin confirmed that the environmentally friendly CNG ...
Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo has highlighted the critical role of natural gas in bridging Africa’s energy deficit. Speaking at the Nigerian International Energy Summit in Abuja, Ekpo said that as a transition fuel between traditional fossil fuels and renewable energy sources, natural gas is poised to play a ...
By Seun Ibiyemi Leaders from Nigeria’s oil and gas sector, both public and private, gathered at the inaugural Petroleum Industry Leadership Dialogue hosted by Heirs Energies in Abuja. The forum, held at the Transcorp Hilton, focused on accelerating Nigeria’s crude oil production to drive economic growth. Moderated by Heirs Energies CEO Osayande Igiehon, the event ...
The Federal Government has announced the development of a unified national hydrogen policy as part of its efforts to integrate hydrogen into the country’s energy mix. This initiative aligns with Nigeria’s commitment to clean energy and economic diversification. The government also unveiled a hydrogen development agenda, which aims to position Nigeria as a key player ...
Seplat Energy Plc has been awarded the ‘Deal of the Year’ Award at the New Telegraph Newspaper Awards held recently. Seplat Energy completed the deal on the acquisition of Mobil Producing Nigeria Unlimited - renamed Seplat Energy Producing Nigeria Unlimited (SEPNU) from ExxonMobil in December 2024. The Award ceremony was not just a ceremony but ...
Nipco Gas Limited has announced the conversion of 15,000 vehicles to run on Compressed Natural Gas, adding that the firm has also received Gas Distribution Licences from the Federal Government. It said the government issued the GDL to Nipco Gas through the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The company’s Managing Director, Nagendra Verma, ...
The Shell Petroleum Development Company of Nigeria (SPDC) has suspended crude oil flows into the 16-inch Nun River-Kolo Creek crude trunkline following an oil spill in Bayelsa State. The spill, which occurred on February 16, was reported the following day at Obololi, a coastline community along the River Nun in Southern Ijaw Local Government Area, ...
...Boasts of over N600bn worth of petrol in store President of Dangote Industries Limited (DIL), Aliko Dangote has declared that the Dangote Petroleum Refinery has enough Petroleum products to meet Nigeria’s needs. Speaking over the weekend, Dangote disclosed that the oil refinery has “more than half a billion litres of petroleum and over 600 billion ...
The Transmission Company of Nigeria (TCN), says it successfully restored full bulk power supply to Katampe- Central Area, Abuja 132/33 Kilo Volt (KV)lines 1&2 on Thursday. Mrs Ndidi Mbah, TCN’S General Manager, Public Affairs said this in a statement in Abuja on Friday. Mbah recalled that on Jan 17, the underground 1×400 Millimeters (MM) cross ...
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has called for continuous collaboration between professional associations in the oil and gas industry and government agencies to ensure the sector contributes more effectively to the socio-economic development of Nigeria. Such collaboration could result in investments in research and development that will ensure technological innovations not ...
