Category: Oil & Gas

Private Refinery Owner Who Created Monopoly In Cement And Sugar Behind Media Attacks On Port-Harcourt Refinery – Fani-Kayode

Efe Wellington

▪️ Ex-Minister Accuses Billionaire of Undermining Tinubu, NNPC’s Achievement ▪️”You Can’t Muscle Your Way To Create Monopoly On Petrol As You Did For Cement, Spaghetti, Sugar,” full statement of the former aviation minister on X, formerly known as Twitter   Former Minister of Aviation, Femi Fani-Kayode, has hinted at an on-going effort to undermine the achievements of President Bola Ahmed Tinubu and the Nigerian National Petroleum Company Limited (NNPC Ltd) on the rehabilitation of the Port-Harcourt Refinery, accusing a refinery owner who “created a monopoly in Cement, Spagetti, and Sugar”…

Read More

‘Standard Practice,’ PETROAN Clarifies Port Harcourt Refinery’s Blending Status

Aliyu Aliyu

‘I do not know any refinery in the world that does not engage in blending’, How PETROAN President Billy Gillis-Harry put record straight   President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has clarified the controversy surrounding the Port Harcourt refinery’s operations. Reacting to claims by some critics that the refinery is merely a blending plant, Gillis-Harry emphasized that blending is a standard practice in crude oil refining processes worldwide. The Port Harcourt refinery, which resumed operations after 22 years, has been touted as…

Read More

‘Low Fuel Price,’ Expectations, Reactions Greet Port-Harcourt Refinery’s Revamp

Aliyu Aliyu

. ‘Milestone,’ Tinubu, Oil Workers, PANDEF Excited, Hail Kyari As Port Harcourt Refinery Begins Operations . Nigerians Express Hope of Fuel Availability, Price Reduction, Healthy Midstream Market Competition . Fuel Loading, Trucking Begin As NNPC Ltd Reaffirms Progress on Refinery, Addresses Misleading Claims   Nationwide excitement has greeted the revival of operations at the Port Harcourt refinery with President Bola Ahmed Tinubu, oil workers’ union, Pan-Niger Delta Forun (PANDEF), and many prominent Nigerians expressing hope of fuel availability, price reduction, and a healthy market competition at the midstream subsection of…

Read More

Port Harcourt Refinery Commence Operation, Signals New Era For Nigeria’s Energy Sector

Ganiyu Amodu

In a significant stride towards energy independence, the Port Harcourt Refinery may have commenced operations, marking a major milestone in Nigeria’s journey to revitalizing its oil and gas sector. The reopening of the refinery, located in Rivers State, is set to boost the nation’s local refining capacity, reduce reliance on imported petroleum products, and drive economic growth. The spokesperson of the Nigerian National Petroleum Company Limited, Olufemi Soneye, said the refinery has kicked off with 60 percent capacity. He noted that the Refinery is processing 60,000 barrels per day of…

Read More

Ministers, Industry Leaders To Converge at 13th Practical Nigerian Content

Precious Ibekwe

  PNC 2024 Forum To Spotlight New Frontiers For Content Implementation, Rallies 950 Stakeholders as  Nigeria Gets New Contracting Cycle Guidelines For Oil Projects – NCDMB   A long list of oil industry leaders, ministers of the federal republic, national assembly members, as well as oil and gas stakeholders are confirmed to attend the 2024 edition of the Practical Nigerian Content Conference and Exhibition slated for the first week of December at the Nigerian Content Tower, Yenagoa, Bayelsa State. Platforms Africa reports that the PNC 2024 Forum Is To Spotlight…

Read More

‘N977 To N936/Litre,’ Petrol Landing Cost Crashes, Marketers Retain High Price

ADEOLA YUSUF

“Unlike their practice anytime there is hike in petrol price, no marketer including NNPC has changed its pump price to reflect the new low price…Why are we like this?” Nigerians react   The landing cost of premium motor spirit (PMS) popularly known as petrol has slumped from N977 to N935.94 per litre. Platforms Africa reports this quoting latest data released by the Major Energy Marketers Association of Nigeria (MEMAN). What To Know About Viral Photo Allegedly Showing Tinubu On Hospital Bed ‘From 1.3 CGPA To First Class Degree,’ Inspiring Story…

Read More

‘Dangote Sells Fuel From Crude Oil He Bought In Naira to Foreign Markets In Dollar’

Aliyu Aliyu

Investigation reveals that ɓusinessman has signed a contract with Vitoil for 5 cargoes of 38,000 metric tonnes per cargo. One of them is the CL Jane Austen tracked by bloomberg   The Dangote Refinery has allegedly altered the Nigerian government’s petrol supply plan as it began the sale of fuel in dollars to the foreign market. A report by Bloomberg, which gives this hint, says a vessel (tanker/cargo) already hauled the product from the refinery to waters off Togo. The crude oil from which the product was refined was sold…

Read More

Oil, Gas Association’s Ex-Chairman Jailed

Abibat Babalola

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud. The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00 Count one reads: “Fatuyi Yemi Philips and…

Read More

Unforeseen Risks, Challenges We Faced On Port Harcourt Refinery – NNPCL

Aliyu Aliyu

After missing another deadline in September, and about a year since it announced mechanical completion, NNPC says PH refinery to be completed, delivered “shortly.”   The Nigerian National Petroleum Commission (NNPC), barely two months after missing its September completion deadline, has provided reasons for the delay in delivering the much-anticipated Port Harcourt Refinery Company (PHRC). Platforms Africa reports that The Punch quoted the NNPC Chief Corporate Communications Officer, Olufemi Soneye, to have said this in an interview with its correspondent on Monday. Soneye attributed the delay to unforeseen risks and…

Read More

Over 300 Youths Benefit As NLNG Begins Nigerian Content HCD Trainings

Ganiyu Amodu

NLNG, on Tuesday, in Port Harcourt, Rivers State, kicked off its Nigerian Content Human Capacity Development (NC-HCD) Basic Training Programme for the NLNG Train 7 Project, a major NC programme aimed at reskilling young graduates and developing human capital. A total of 331 young graduates from diverse academic disciplines, who emerged successful out of 848 previously shortlisted from the Nigerian Oil and Gas Industry Content (NOGIC) Joint Qualification System (JQS) portal of the Nigerian Content Development and Monitoring Board (NCDMB), are undergoing the 12-month programme. Areas of training include ICT,…

Read More