Category: Oil & Gas

NNPC Ltd Acquires 380 Oando Stations, Other Assets Nationwide

ADEOLA YUSUF

Why we acquired OVH downstream assets including reception jetty (ASPM) with 240,000 metric tons monthly capacity, eight Liquefied Petroleum Gas (LPG) plants, three lubes blending plants, three aviation depots, and 12 warehouses – Kyari   The Nigerian National Petroleum Company Limited (NNPCL) has acquired all 380 Oando retail outlets, aviation and gas brands nationwide from OVH Energy. Speaking at the unveiling of one of the new NNPC Ltd stations formerly Oando in Abuja on Saturday, the Group Chief Executive Officer NNPC Limited, Mele Kyari, said, “The acquisition will bring over…

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Oil And Gas Rediscovered: The Prospector, NCDMB, By Esueme Dan Kikile

Esueme Dan Kikile

A beneath-the-surface look into the six years of Engr Simbi Wabote’s appointment as the Executive Secretary of NCDMB   Twelve years of strategic planning and creative deployment of regulatory powers at the Nigerian Content Development and Monitoring Board have literally reinvented Nigeria’s oil and gas industry to a degree that national aspirations, for decades elusive, have suddenly become realisable. Those aspirations, consecrated by evidence of how Middle Eastern countries with similar resource endowments got transformed almost overnight, derived from general consciousness of the possibilities for diversification of the nation’s productive…

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Oil-Rich N’Delta Communities, Poorest in Nigeria – SERAP

Ayobami Adedinni

A new report by the Socio-Economic Rights and Accountability Project (SERAP) has shown that communities in the Niger Delta are the poorest in Nigeria due to corruption and lack of effective governance and feedback framework. The report presented by Olubunmi Afinowi, a climate change expert at the Faculty of Law of the University of Lagos, disclosed that “the region remains deeply in the grips of squalor, poverty, and environmental degradation.” READ ALSO: ‘EU Sanctions Nigeria on Dearth of Anti-Money Laundering Legislation’ NUPRC, NNPC’s Crude Oil Theft Figures Outrageous, Impractical –…

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Shell Deepens Renewable Energy Space, Acquires Lagos Based Daystar

ADEOLA YUSUF

Oil giant Royal Dutch Shell is pushing towards acquiring African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday. Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition on the continent, underscoring a mandate to halve greenhouse gas emissions by 2030. “As we do this, we’re helping to address a critical energy gap for many who currently rely on diesel generators for backup power,” Thomas Brostrøm, Shell’s vice president for renewable generation,…

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265 Illegal Refineries In Shell Corridor – Nigerian Oil Minister

Efe Wellington

Sylva opens up on how organised crude oil thieves denied Nigeria crude oil fortunes, OPEC quota benefits   Minister of State for Petroleum Resources, Chief Timipre Sylva, has declared that there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. The News Agency of Nigeria (NAN) reports that Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) on Thursday in Lagos. READ ALSO Oil…

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NNPCL Managers Lack Hands-On Experience, Competence – Ex-Director Ogedegbe

Efe Wellington

How the Mallam Mele Kyari-led company was rocked by terrible man-made brain drain, the Tompolo deals and $1.5bn refinery spending, the former group Executive director opens up in a review of 19 years of crash in company’s productivity, efficiency   A former group Executive director of the Nigerian National Petroleum Corporation, Alex Ogedegbe, has lamented the lack of investment in training of the personnel of the Nigerian National Petroleum Company Limited (NNPCL) over the years. He said this is what has been responsible for the current incompetency that is being…

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BREAKING: Two Scientific Works Win $100,000 Nigeria Prize for Science

ADEOLA YUSUF

Impacts, titles of researches,  and full names of the eggheads who have now, through the research, entered the multi-millionaires’ club   The 2022 edition of The Nigeria Prize for Science today, announced two most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado; and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola, as winners of the $100,000 prize money. The Prize’s Advisory Board, led by Professor Barth…

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Nigerian Oil Workers Threaten Fresh Strike

ADEOLA YUSUF

Act now or witness our members’ withdrawal of services, PENGASSAN to Government The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says its members are losing jobs over the prevailing oil theft bedevilling the country. Festus Osifo, president, PENGASSAN, said this on Wednesday in Abuja at a press conference heralding its new advocacy programme themed “Chasing Oil Thieves and Vandals out of Business”. The association’s programme would hold on Thursday in various zonal locations nationwide. According to him, the association would be forced to withdraw its workforce if…

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Ogun To Assist Victims of Petrol Tanker Fire

Abibat Babalola

What the deputy governor dicussed with Olambe-Matogun villagers   The Government of Ogun state, Southwest Nigeria, has assured the victims of the petrol tanker explosion at Matogun Area of Ifo Local Government of the state of immediate assistance to those who lost their properties in the inferno. Ogun State Deputy Governor, Engineer Noimot Salako-Oyedele who made this known while leading Ogun state government delegation on an on-the-spot assessment of the damage, praised youths in the area for their resilience and for being the first responders. READ ALSO Strange Way Hubert…

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