By Sunday Etuka, Abuja  The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has denied having issues with the Petroleum Tankers Drivers (PTD), nor the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG). NOGASA President, Chief Bennet Korie made the clarification in a statement on Tuesday, April 16, 2024. This...
By Sunday Etuka, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the nation's oil and condensate reserves increased to 37.50 Billion Barrels in January 2024. Commission Chief Executive, NUPRC, Engr. Gbenga Komolafe disclosed this on Monday while addressing newsmen in Abuja. He said, “Crude Oil and Condensate reserves stand...
By Sunday Etuka, Abuja  Minster of State for Petroleum Resource (Oil), Sen. Heineken Lokpobiri has allayed fear over the reported shortfall in oil production in Nigeria during the first quarter of 2024. Recall that the Monthly Oil Market Report for April 2024, released by the Organisation of Petroleum Exporting Countries (OPEC)...
By Sunday Etuka, Abuja  The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has disclosed the crucial role of natural gas in achieving energy security and sustainable development in Nigeria. Kyari, spoke at the public presentation of the book, "The Rise of...
By Sunday Etuka, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) has assured that normalcy would return to the disrupted fuel supply chain in Lagos State today. Olufemi Soneye, the Chief Corporate Communications Officer of the NNPC Limited gave the assurance in a statement on Friday. The company attributed the supply...
By Sunday Etuka, Abuja The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has disclosed that the Federal Government is in conformity with the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.5m bpd of oil production. Senator Lokpobiri disclosed this shortly after the 53rd Meeting of the Joint Ministerial...
An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their highest this year. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, will hold an online...
By Sunday Etuka, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released the Domestic Base Price (DBP) and applicable wholesale price of natural gas for the strategic sectors. Authority Chief Executive, Engr. Farouk Ahmed, who signed off the letter transmitting the DBP of $2.42 per Million British Thermal...
By Sunday Etuka, Abuja The Chief Operating Officer (COO) of Seplat Energy Plc, Mr. Samson Ezugworie has disclosed that the execution of corporate social investment (CSI) programmes in oil and gas-producing communities would promote stability in the energy sector, and ensure security of critical national assets. Mr. Ezugworie disclosed this during...
By Sunday Etuka, Abuja The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has said that cases of pipeline vandalism, oil theft, and sabotage, have caused significant threats to the sustenance of the nation's energy infrastructure and smooth operations, therefore, called for multi-layered security approach to curb the menace. Sen....