Category: Oil & Gas

‘NNPC Supplies 60% Of Our Crude’ – Dangote Refinery

Aliyu Aliyu

“Gratitude to NNPC For Strong Partnership;” What Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman, said during an interactive session organised by the Senate Ad-hoc committee The Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman on Wednesday stated that 60 per cent of the crude supplied to the refinery was done by the Nigerian National Petroleum Company Limited. Aliyu made the submission during an interactive session organised by the Senate Ad-hoc committee to investigate alleged sabotage in the Nigerian petroleum industry. Reactions As Tinubu…

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NNPC Speaks, 11 Plc Begins Probe Over Lagos Filling Station Explosion

Ganiyu Amodu

Fire explosion today (Wednesday) rocked the popular Mobil filling station on Awolowo Road, Ikeja, Lagos. Head, Public Affairs Unit-LASEMA, Nosa Okunbor, stated that a damage occurred to the 8-ton LPG gas cylinder truck while gas was being dispensed to customers, causing the gas to escape rapidly, before bursting into flames. He noted that there was no casualty at the incident. 11Plc (Formerly Mobil Oil Nigeria plc.) has confirmed the incident in a statement. The statement reads: “We regret to inform the general public that a fire incident occurred today at…

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‘Little Or No Result,’ N’Assembly Revisits $1.5bn Port Harcourt Refinery TAM

Abibat Babalola

▪️To probe NNPCL, Dangote Refinery Oil Supply Tango     The Senate has questioned the $1.5bn approved in 2021 for the turn-around maintenance of the Port Harcourt Refining and Petrochemical Company with little or no result. It also vowed to probe allegations of sabotage to the supply of crude oil to domestic refineries, as the National Assembly invited officials of the Nigerian National Petroleum Company Limited, Nigerian Upstream Petroleum Regulatory Commission, Dangote Petroleum Refinery, among others, for the probe. It raised this concern amid the pervasive allegations of sabotage in…

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Gas Development ‘ll Lead To Nigeria’s Prosperity, Lower Cost Of Living – Ekpo

Ganiyu Amodu

…Hails NCDMB’s strides in Local Content Development   Amidst the clamour for good governance and reduction in the cost of living in the country, the Minister of State for Petroleum Resources (Gas), Hon Ekperikpe Ekpo has asserted the Federal Government’s firm determination to advance the nation’s gas resources as the surest pathway to economic prosperity. The Minister stated this in Yenagoa, Bayelsa State on Wednesday when he visited the facilities and projects of the Nigerian Content Development and Monitoring Board (NCDMB), where he serves as the co-chair of the Governing…

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‘Fired 2 Weeks After Inauguration,’ Why Ugochinyere-led Oil Sector Probe committe Was Disolved

Aliyu Aliyu

  The panel was set up to look into Dangote Refinery, NMDPRA’s substandard diesel allegation, counter allegation among others     The Speaker of the House of Representatives, Abbas Tajuddeen, has given reason for dissolving the Honourable Ikenga Ugochinyere-led ad-hoc Joint Downstream and Midstream Committee investigating the importation of adulterated petroleum products, the non-availability of crude oil for domestic refineries, and other energy security issues. Recall that the oil sector regulatory body, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, had accused Dangote Refinery of refining petroleum products with high…

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OML 13: NNPCL Surges Nigeria’s Oil Output By 28k bpd, Portfolio To 26 Grades

ADEOLA YUSUF

▪️‘First cargo of Utapate crude oil grade heads for Spain’   The Nigerian National Petroleum Company Limited (NNPCL) has announced the introduction of Utapate crude oil blend, a new crude oil grade into the international crude oil market. Platforms Africa reports that this was contained in a statement by the spokesman for the oil giant, Olufemi Soneye. From Oil Mining Lease (OML) 13, fully operated by NEPL, NNPC Ltd’s upstream subsidiary, the Utapate crude oil blend commenced operations in July 2024, as its first cargo headed for Spain. Located offshore…

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‘Wrong, Unreasonable,’ Abati, Punctures Reps Members’ Call For Kyari’s Sack

Gbenga Adeoti

‘This, not NNPCL CEO, is the problem with the oil and gas industry in Nigeria.’ What the Arise TV breakfast talk show anchor said on live programme Dr. Rueben Abati, a veteran journalist and former Senior Adviser on Media and Publicity to former President Goodluck Jonathan, on Monday, dismissed call by a fragment of the House of Representatives to sack the Chief Executive Officer of the Nigerian National Petroleum Company (NNPC), Mallam Mele Kyari. Platforms Africa reports that Abati, the lead anchor in the popular Arise TV breakfast talk show,…

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‘Oil Industry On Resurgence,’ Tinubu Flaunts Nigeria’s 1.61 mbpd Output Mark

Aliyu Aliyu

. Says surge buoyed by reforms he announced in May 2024 to address gaps in PIA   President Bola Ahmed Tinubu on Sunday declared a resurgence in the oil & gas industry, commending the increased crude production to 1.6 million barrels per day. Platforms Africa reports that the president, who said this in a national broadcast, maintained that the resurgence was buoyed by the reforms he announced in May 2024 to address the gaps in the Petroleum Industry Act (PIA). Fire Breaks Out At NNPC Oil Well Nigeria’s crude oil…

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‘PIA, Nat’l Security,’ Why NMDPRA Must Not Allow Fuel Supply Monopoly In Nigeria – Institute

Gbenga Adeoti

No single person or institution can owe and control more than 40 per cent of fuel supply and distribution”      The Institute for Energy and Extractive Industry Law has declared that the Nigeria Midstream and Downstream Petroleum Authority (NMDPRA) has no power to encourage or guarantee a monoppoly of fuel supply and distribution in Nigeria. Platforms Africa reports that two resource persons from the institute; Dr. Taiwo Ogunleye and Henry Adigun, said this during separate presentations at a one-day roundtable on ‘The Midstream and Downstream Petroleum Industry in Nigeria:…

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Who Paid For Reps Members’ Trip to Dangote Refinery? By Francis Aderibigbe

ADEOLA YUSUF

  “The lawmakers’ visit and tour of Dangote refinery led by the Speaker, House of Representatives, have raised many questions about the independence of the legislators in the substandard diesel rift between Dangote and NMDPRA.”   The Speaker of the House of Representatives, Tajudeen Abbas, on Saturday, led a delegation of the legislative body on a familiarization visit to the Dangote refinery and Petrochemicals Company, Lagos. The familiarization visit, which was on the invitation of the Dangote Group, was initially planned to jointly take place with the leadership of the…

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