The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Muhammad Sanusi Barkindo is dead. His death was announced by the Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPC Limited), Mallam Mele Kyari via his personal twitter account. Kyari wrote: "We lost our esteemed Dr Muhammad...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said, it has so far paid oil Marketers in the country the sum of N74 billion in seven (7) in months. This is contrary to the allegations made by the Independent Petroleum Marketers Association of Nigeria (IPMAN Suleja Branch) on product...
The Petroleum Technology Development Fund (PTDF) has shortlisted 2,885 Master of Science and 352 Doctor of Philosophy (PhD) Candidates for the In-country Scholarship Scheme (ISS) for the 2021/2022 academic session. This was disclosed by the Head, In-Country Scholarship Scheme at PTDF, Violet Ogbomo during the selection interview exercise for the...
The Nigerian National Petroleum Company Limited (NNPCLimited) has said, the comment on Muslim Vice President for Tinubu, the Presidential flagbearer of the All Progressive Congress (APC) in the forthcoming 2023 general elections was not from the company. NNPC Limited however, said, its Twitter handle (@NNPCgroup) was compromised and used to...
The Nigerian National Petroleum Company Limited, has advanced reasons for the return of mild fuel queues in parts of Abuja. NNPC said, the appearance of fuel queues was likely due to low loadouts at depots after the Sallah break. The company gave other reason to include: increased fuel purchases or panic buying. It...
Oil theft is an illegal appropriation of crude or refined oil products from the pipelines of multinational oil companies, and sold at both local and international markets. In Nigeria, since the discovery of oil in 1956, theft and sabotage of oil installations and the resultant repairs of pipelines continue to drain...
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa. Nigeria's Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant...
The Federal Government has warned that it would no longer condone any form of criminality on the nation's oil and gas facilties and installations, saying that crude oil thieves, pipeline vandals and illegal refiners have their days numbered. The warning came from the Minister of State for Petroleum Resources, Chief...
Dangote Group’s Executive Director and President of Manufacturing Association of Nigeria (MAN) Engr. Mansur Ahmed has assured Nigerians that the upcoming Dangote Petroleum Refinery will help address the volatile fuel crisis in the country. This is coming against the backdrop of torrents of commendations from President Muhammadu Buhari, Governor Nasir...
Nigeria represents one of Africa’s heavyweights when it comes to hydrocarbon exploration and production. With over 36 billion barrels of oil (bbl) and 200 trillion cubic feet of natural gas, the country has managed to position itself as both an attractive upstream market and competitive producer. In its Q1 2022 outlook,...