Category: Oil & Gas

PIA Takes Effect in Upstream Oil Sector Regulation – Sylva, NNPC

Efe Wellington

“If we must continue to be relevant at the global stage, we must, in designing any regulation, put in focus how we can balance the energy base-load for Nigeria.   The Nigerian National Petroleum Company Limited (NNPC Ltd.) started its activities for the week with a move by stakeholders to begin the implementation of the Petroleum Industry Act (PIA) in the upstream sector of the nation’s oil and gas industry. Minister of State for Petroleum Resources, Chief Timipre Sylva said at a 2-day upstream stakeholders’ forum organised by the Nigerian…

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OPEC Condoles Imo Govt. over Illegal Refinery Explosion

Abibat Babalola

The Organisation of the Petroleum Exporting Countries (OPEC) on Monday commiserated with the government of Imo, following Friday’s explosion of an illegal refinery that reportedly killed over 100 people at Abaezi forest in Ohaji-Egbema Local Government Area of the state. Platforms Africa reports that OPEC made the commiseration in a letter signed by its Secretary General, Mr Mohammad Barkindo and addressed to the Imo Governor, Sen. Hope Uzodinma. READ ALSO: Oil price rises as OPEC projects steady demand growth JUST IN: Oil hits $89.32/bbl highest since 2014 as OPEC+ Eyes…

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ExxonMobil Invests $37.4m, Marks 20 Years of Fighting Malaria in Nigeria

ADEOLA YUSUF

2022 recipients of Exxon Mobil grants focused on leveraging the power of sports to engage Nigerian youth   ExxonMobil Foundation, in collaboration with ExxonMobil affiliate Companies in Nigeria, have announced renewed support for partner organizations committed to ending malaria in Nigeria. These grants, among other scheduled activities for World Malaria Day, mark the 20th anniversary of ExxonMobil’s support for programs to reduce the burden of malaria in Nigeria. For the past 20 years, ExxonMobil’s Malaria Initiative has provided more than $37.4 million (over N15 billion) in cash grants to partners…

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Odunewu, Raimi, Ebi: Meet 3 New Directors on Seplat Energy Plc Board

ADEOLA YUSUF

Their names, qualifications and experiences, here is the resumè of the three Directors newly appointed on the Board of Seplat Energy Plc   The Board of Directors of Seplat Energy Plc today, Sunday, April 24, 2022, announces the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director and Mr. Ernest Ebi as a Non-Executive Director. Platforms Africa reports that the three appointees will be joining the Seplat Board with effect from 18th May 2022.   Mrs. Bashirat Odunewu (Independent…

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How Illegal Oil Bunkering Explosion Killed 108 People in Imo

Abibat Babalola

The President-General of the Supreme Council of Oil and Gas Producing Areas in Imo state, Chief Collins Ajie, has given details of how an explosion rocked illegal bunkering site in the state, killing 108 people. The Friday night explosion occurred at an illegal oil bunkering site in Imo and a Correspondent of the News Agency of Nigeria (NAN), who visited the site at the boundary between Abacheke and Abezi community in Ohaji/Egbema Local Government Area on Saturday, gathered that the explosion occurred at about 8:00 p.m. Unidentified burnt bodies littered…

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Shell mulls Gas Supply For 255MW Electricity Project

ADEOLA YUSUF

A proposed 225 Megawatts independent power plant is seeking gas supply from Shell Nigeria Gas (SNG), a leading domestic gas supply company with over 150 companies on its customers’ list. Platforms Africa reports that the Managing Director of SNG, Ed Ubong, says the company has the capacity to supply all the gas needed for the project being promoted by Coodsynergyn Oil West Africa Limited (CS OWA), and to be located in Southwest Nigeria. “We have signed the heads of terms agreement with CS OWA as a prelude to a potential…

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Oil price rises as OPEC projects steady demand growth

Abibat Babalola

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation of Petroleum Exporting Countries projected that the demand growth for oil would continue this year. Industry figures showed that Brent moved up by $0.77 or 0.72 per cent to $107.57/barrel at about 7.13pm Nigerian time. It had traded around 106.8/barrel the preceding day. In its statement to the International Monetary and Financial Committee meeting of ministers and governors for April 2022 and released on Thursday, OPEC stated that oil prices had been on the…

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How Petrol Tanker Explosion Killled One, Destroyed Assets in Lagos

Tade Salako

Scoopers at the Toll Gate end caused the fire to spread through some roadside makeshift shops to its source at Ajegunle Bus Stop – Lagos State Fire and Rescue Service   The Lagos State Fire and Rescue Service has given details of how a 45,000 litres laden petrol tanker exploded in Lagos, killing one and destroying millions of property. Director of the agency, Adeseye Margaret, said in a statement to Platforms Africa that though her men successfully combated the Fire outbreak at Ajegunle via Toll Gate Bus Stop, Abeokuta Expressway,…

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32 ships to discharge petrol, other items at Lagos port: NPA

Abibat Babalola

The Nigerian Ports Authority (NPA) on Thursday said that 32 ships were expected to arrive at the Lagos Ports Complex from April 21 to April 30. According to NPA in its daily Shipping Position, the ships were expected to arrive with petroleum products, food items and other items. It listed the items as general cargo, frozen fish, container, bulk sugar, butane gas, bulk wheat, bulk urea, bulk salt, bulk gypsum, bulk steam coal, petrol, automobile gasoline and liquefied petroleum gas. READ ALSO: N19bn Petrol Imported Into Nigeria Did Not Get…

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Petroleum Varsity Gets ICT Centre Donation from NNPC, SNEPCo

Efe Wellington

The 100-seater one-storey building was built and equipped by the NNPC and SNEPCo partnership to promote research, teaching and learning in a conducive environment   The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), today, inaugurated a state-of-the-art Information and Communication Technology (ICT) Centre at the Federal University of Petroleum Resources, Effurun, in Delta State. The 100-seater one-storey building was built and equipped by the NNPC and SNEPCo partnership to promote research, teaching and learning in a conducive environment. Delta State Governor, Dr. Ifeanyi…

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