Category: Oil & Gas

Fuel Queues Resurface In Abuja, NMDPRA Blames Election, Panic Buying

Efe Wellington

Oil industry regulator, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDORA) on Sunday blamed restriction of movements during the recently concluded Presidential and National Assembly elections as queues for Premium Motor spirit (PMS) at the weekend resurfaced in Abuja, Nigeria’s administrative capital NMDPRA, in a statement made available to Platforms Africa, noted that the restrictions of movement necessitated truck drivers to travel to exercise their civic duty. Stating that it would keep striving to strive towards guaranteeing supply and distribution reliability nationwide and strongly advises against panic buying. Here below…

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Minister, NUPRC Boss Divided Over Nigeria’s Oil Revenue Losses

ADEOLA YUSUF

… Theft, pipeline vandalism responsible for volumes of crude oil losses – Sylva … No, metering error is responsible for Nigeria’s huge oil revenue losses – Komolafe   Nigeria’s minister of state for petroleum Resources, Timipre Sylva, and chief executive of the Nigerian Upstream Regulatory Commission (NUPRC), Gbenga Komolafe, have sharply divided over major factor responsible for crude losses in the country. Komolafe in a document presented at one of major industry events in Nigeria said that measurement inaccuracies is a major factor for huge looses suffered by Nigeria in…

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Buhari performs Groundbreaking of Oloibiri Museum, as Industry stakeholders power project

Efe Wellington

The groundbreaking of Oloibiri Museum and Research Centre (OMRC) was performed on Tuesday by President Muhammadu Buhari, an event that attracted leaders of the Nigerian oil and industry who made firm commitments to the execution and sustenance of the project. President Buhari was represented by the Minister of State for Petroleum Resources, Chief Timipre and was accompanied by the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, Mr. Mele Kolo Kyari, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye…

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Minister Inspects Petrol Outlets In Lagos Four Months After Fuel Crisis Began

Abibat Babalola

. Says Fuel Queues Will Disappear Next Week     The minister of state for Petroleum Resources, Timipre Sylva, inspected petrol dispensing outlets in Lagos on Friday first time since the fuel crisis rocking Nigeria began. Sylva promised, after the inspection, that fuel scarcity will fizzle out in Nigeria as from next week. The crisis, which began last November degeneratef mid January when some marketers took advsntage of the seeming government laxity and hiked their pump prices arbitrarily. Platforms Africa has consistently followed the situation with series of report exposing…

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FEC Okays Multi-Million Dollars Oloibiri Museum, Research Center Contract

Efe Wellington

Oloibiri Museum and Research Center project awarded to Julius Berger is to kick off Q1 2023, finish in 30 months   The Nigerian Government through the Federal Executive Council (FEC) on Wednesday awarded the Phase-1 Engineering, Procurement & Construction contract for Oloibiri Museum & Research Centre (OMRC) in Ogbia Local Government Area of Bayelsa State. Platforms Africa reports that the contract, which is coming sixty-six years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State, as awarded in favour of Julius Berger Nigeria Plc with a…

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Imo Varsity Awards Wabote Doctor of Science, Celebrates Accomplishments

ADEOLA YUSUF

For his excellent contributions to the growth and transformation of the Nigerian oil and gas industry and the towering leadership he has provided for the development of local content in Nigeria and Africa, the Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Kesiye Wabote, was on Saturday conferred with a Doctor of Science degree, honoris causa at the 8th convocation of the Imo State University, Owerri. The award was received on his behalf by the Director, Planning, Research and Statistics,NCDMB, Mr. Patrick Daziba Obah, who dedicated…

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Tell Shell To Pay Damages For oil Spill, 11,000 Nigerians To London Court

Efe Wellington

Over 11,000 Nigerians from the oil-producing Niger Delta have filed a compensation claim against Shell at the London High Court, the latest step in a case that will test whether multinationals can be held to account for the actions of overseas subsidiaries. In 2021, the UK Supreme Court allowed a group of 42,500 Nigerian farmers and fishermen to sue Shell in the English courts after years of oil spills had contaminated land and groundwater. READ ALSO: Shell, AFC, GTBank, 6 Other Banks Drag Aiteo to Court Over $2bn Debts Fake…

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NNPCL Takes Over Addax Multi-Billion Dollars PSC Assets

ADEOLA YUSUF

The Nigeria National Petroleum Company Limited says it has taken over the operation of Production Sharing Contract assets from Addax Petroleum Development Nigeria Limited. The NNPCL Chief Corporate Communications Officer, Garba Deen Muhammad, said this in a statement on Tuesday. Muhammad said all closing obligations had been concluded and the assets transferred to the Concessionaire, NNPC Limited. READ ALSO: Oil Workers Kick As Petrol Hits N650 Per Litre OML 18: Fire Guts Nigeria Oil Block’s Wellhead Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round Nigeria To Auction Seven Oil Blocks…

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Oil Workers Kick As Petrol Hits N650 Per Litre

Abibat Babalola

PENGASSAN Raises The Alarm on Throat-Cutting Prices of Petrol, Plans Showdown With Marketers, Others   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENFASSAN) has raised the alarm that their the price of Premium Motor Spirit, popularly known as petrol, had risen to as high as N650/litre in Nigeria. The group, which in a statement, said that this was a result of its findings in some locations across the country, corroborated an earlier report by Platforms Africa about the throat-cutting prices of the product through profeeting by some…

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Energy Transition: Extractive360 To Rally Nigeria’s Oil Communities, Stakeholders

Efe Wellington

Juliet Ukanwosu, Editor of Extractive360, speaks on what the engagement has to do with marginalized voices in oil and gas-rich communities   Extractive360 has concluded plans to convene community workshop and Townhall meetings to sensitize and educate community members in Nigeria’s Niger Delta region about the country’s Energy Transition Plans (ETP). The events, according to a statement by the organisation, are scheduled to hold in Abak, Akwa Ibom State on Thursday February 2, 2023 and Warri, Delta State, on Thursday February 9, 2023, respectively. The community convening’s are part of…

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