Oil & Gas
Senate queries $1.5b spent on P/Harcourt Refinery with little or no result
By Abiodun Folarin The Senate has raised concern over 1.5 billion dollars approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. Sen. Opeyemi Bamidele, Chairman, Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, raised the…
Read More »NNPCL introduces new crude oil grade, Utapate into international oil market
The NNPC Ltd has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market. A statement by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd said, from Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary,…
Read More »Seplat Energy Rising to Nigeria’s Energy Challenge
Seplat Energy Plc, foremost Nigerian independent energy company, says it is rising to the challenge of energy deficit in Nigeria through its new critical projects, which are capable of taking the company’s gas processing capacity to 850 Million standard cubic feet per day (MMscfd) consolidating the company’s position as a…
Read More »Dangote: Our Refinery is having repeated orders from abroad
*Demarketing of a company by a regulator that it is supposed to protect it, is very unfortunate – Dangote *Urges National Assembly to test all available products from Standard laboratory to disclaim NMDPRA’s assertions *This remarkable achievement does not merely reflect corporate success; it symbolises national pride – Rt. Hon.…
Read More »Oil Production: National Assembly Pledges Support to NNPC Ltd
The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. This was made known when the National Assembly’s Joint Committee…
Read More »NNPC retail Ltd probes “Lubricants-for-Petrol” incident
The NNPC Retail Limited attention has been drawn to a recent video clip on social media concerning its fuel pump attendant coercing customers to purchase lubricants as a prerequisite for purchasing fuel. NNPC Retail Limited said it had launched an investigation into the unfortunate incident and appropriate disciplinary action would…
Read More »NNPC Chief Rallies Judiciary’s Support Against Crude Oil Theft
In order for the oil and gas industry to achieve its full potential as an enabler of national economic and industrial growth, the Group Chief Executive Officer of the NNPC Limited, Mr. Mele Kyari, has called for the support of the judiciary in tackling the twin challenges of crude oil…
Read More »NETCO Posts 137% Increase in Operating Profit for 2023
The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the company’s Board of Directors and Executive Vice President, Downstream, NNPC…
Read More »NNPC Ltd Sustains March Towards Regulatory Excellence
The NNPC Ltd has reiterated its commitment to sustain the Company’s march towards process improvement, regulatory compliance and performance excellence. NNPC’s Executive Vice President, Business Services, Mr. Inuwa Danladi, disclosed this while speaking on the recent certification of the International Ship and Port Facility Security (ISPS) Code Compliance obtained by…
Read More »Nigeria: FG commissions 5.2 mmscfd CNG plant in Lagos
In its continued efforts to provide alternative source of fuel for Nigerians and lessen the impact of subsidy removal on petrol, the Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in Lagos. Minister of State for Petroleum Resources (Gas) Rt.…
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