Category: Oil & Gas

Oil Slips To $86 Per Barrel

Adesupo Ososanya

Oil slipped on Wednesday, adding to a decline in the previous session, as a rise in U.S. crude inventories and global recession worries edged out optimism for a demand recovery in China. Crude has rallied in 2023, with global benchmark Brent crude topping $89 a barrel this week for the first time since early December, on the ending of China’s COVID controls and hopes that the rise in U.S. interest rates will soon taper off. “Whether or not oil prices can resume their march higher will depend on how quickly…

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After Platforms Africa’s Report Buhari Sets up 14 Man Committee on Fuel Crisis

ADEOLA YUSUF

Platforms Africa had exposed the fuel crisis and “conspiracy of silence” in a report on Wednesday, January 18, 2023   President Muhammadu Buhari has constituted a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find a lasting solution to disruptions in the supply and distribution of petroleum products. This came seven days after the Platforms Africa exclusive report detailing hike in prices of the product and “conspiracy of silence” over the crisis. READ ALSO: Petrol Hits N400 Per Litre In Lagos, Nigerians Query ‘Media Silence’ BREAKING: Gov…

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Why Nigerians Are Suffering Fresh Fuel Crisis – Major Marketers

ADEOLA YUSUF

The Platforms Africa’s investigative report in which some Nigerians queried alleged conspiracy of silence by the media over the fresh fuel crisis has elicited widespread reactions with some major media now feasting on the story   The Major Oil Marketers Association of Nigeria (MOMAN) on Ftiday evening blamed shortage and high (US Dollar) costs of daughter vessels for ferrying product from mother vessels to depots along the coast for the fresh crisis rocking the Nigeria’s downstream oil sub-sector. Platforms Africa has exclusively reported the fresh crisis on Wednesday, January 18,…

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Petrol Hits N400 Per Litre In Lagos, Nigerians Query ‘Media Silence’

ADEOLA YUSUF

“This conspiracy of silence on fuel scarcity & hike in price is legendary!” Reactions As Marketers, including NNPC stations, hike prices second time in less than 60 days   The prices of premium motor spirit (PMS) popular called petrol on Wednesday ballooned again to as high as N400 per litre In Lagos, Nigeria’s commercial capital, Platforms Africa reports. This came as Nigerians bemoaned what they called “conspiracy of silence” over the hike in petrol price for the second time in less than 60 days. The government is paying over N1…

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NNPC: First Oil Well in Nassarawa State Coming Up In March

ADEOLA YUSUF

In continuation of its oil exploration activities in the Country’s inland basins, the NNPC limited is set to spud the first oil well in Nassarawa state in March 2023. The Group Chief Executive Officer of the Company, Mallam Mele Kyari, who disclosed this when the Governor of the State Engr. Abdullahi Sule led a delegation of prominent indigenes of the state on a courtesy visit to the NNPC Ltd. in Abuja said that results of exploratory activities confirm the presence of substantial hydro carbon resources in the state. He called…

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OPEC’s Embargo Threatens Nigeria’s 2.2m bopd In 2023—NNPC

ADEOLA YUSUF

How Nigeria suffered 850,000 barrels daily output deficit despite 1.35 million barrels per day production in December   Nigeria could attain 2.2 million barrels crude oil production level in 2023, but for the Organisation of Petroleum Exporting Countries (OPEC) oil production quota restriction, the group chief executive officer of the Nigerian National Petroleum Company, Mele Kyari, has said. Mele Kyari who spoke at the virtual Global UAE Energy Forum said despite all odds, the country aims to produce 1.8 million bpd this year. READ ALSO: Nigeria Begins Deep Offshore Oil…

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Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round

ADEOLA YUSUF

Here is the list and details of the oil blocks on offer – NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO and PPL-306-DO are within the deepwater Niger Delta Basin. According to a statement issued on Wednesday and signed by the commission’s Chief Executive, Gbenga Komolafe,…

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NNPC Speaks On Report It Exported 18m Oil Bbls Without Proper Documentation

ADEOLA YUSUF

Chief Corporate Communications Officer, NNPC Ltd, Garba Deen Muhammad, opens up on Auditor General’s report, which indicted 32 oil marketing companies of involvement in the non-completion of the NXP forms   The Nigerian National Petroleum Company Limited (NNPC) has debunked an allegation it exported 17.877 million barrels of crude oil without proper documentation within four years (2016 to 2020). Platforms Africa reports that the Chief Corporate Communications Officer, NNPC Ltd, Garba Deen Muhammad, in a statement on Thursday, urged the public to disregard the said malicious publication. READ ALSO: Guys, Here’s…

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Pastor Adeboye of RCCG Releases Prophecies for 2023

Scott Matthew

“Few balloons will be deflated this year.” Here is a detailed report on what Nigerian famour Pastor Adeboye said about Nigeria, Africa and the World in the new year   The General Overseer of the Redeemed Christian Church of God, (RCCG,) Enoch Adeboye, has released his prophecies for 2023. Mr Adeboye, during the Crossover live Service 2022-2023, at the New Arena, Simawa in Ogun State, categorised his prophecies into World, RCCG Members, and Individuals. In his message, the cleric said for the 2023 world prophecies, migration would take a new…

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Meet Aka Nwokedi, Newly Elected NGA President

Efe Wellington

The Man, His Mission And Mantle: What to know about the NLNG General Counsel and the election that made him president of the highest body of gas stakeholders in N8geria   Aka Nwokedi, General Counsel/ Company Secretary of Nigeria LNG Limited (NLNG) and former MD of NLNG Ship Management Limited (NSML), has emerged as President-Elect of the Nigerian Gas Association (NGA), leading the Executive Council to pilot and steer the affairs of the gas industry association for the next two years. The election was conducted on15th December 2022 as part…

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