Wabote Pushes for Increased Oil, Gas Production to Avert Importation for Refineries The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote, has stressed the need for the country to reverse the current low oil and gas production to avoid a situation where Importation will become an alternative for feedstock…
NMDPRA Appoints Alternative Dispute Resolution Centre Coordinator The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appointed, Charles Nwachukwu as the Coordinator of the Midstream and Downstream Petroleum Alternative Dispute Resolution Centre (MDPADRC). Established in line with the provisions of the Petroleum Industry Act (PIA) and the Midstream and…
How Nigeria can reduce carbon emissions – SNEPCo MD Nigeria has to diversify its renewable energy portfolio if it must reduce carbon emissions from fossil fuel production and at the same time meet the energy needs of a growing population, Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo,) Elohor Aiboni has said. One…
Wabote Canvases Increased Crude Oil, Gas Production To Avert Importation for Refineries The Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that Nigeria might resort to importing crude oil for its upcoming and existing refineries if concerted efforts are not made to increase the current low production numbers….
IPMAN Backs Reps over Move to Legalise Artisanal Refineries The Independent Petroleum Marketers Association of Nigeria, IPMAN has lauded the House of Reps over the move by the House to give a legal backing to artisanal petroleum refining in the country, in order to encourage the growth of local industries, services, and technologies in the…
OTL 2023: Oyebanji Commends the Media for Coverage The Oil Trading Logistics (OTL), Africa Downstream is the mainstream event for the downstream sector attracting stakeholders and operators in the industry. The 2023 edition was held in October. The Chairman of OTL 2023, Mr. Adetunji Oyebanji, made a review in a post conference held in Lagos…
NNPC Ltd Restores Production of 275,000bopd Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), the unions have…
SPDC JV sets up Centres of Excellence to drive manpower development in oil industry The Shell Petroleum Development Company (SPDC) of Nigeria Limited operated Joint Venture has built and handed over a Centre of Excellence in Geosciences and Petroleum Engineering to the University of Benin, as part of efforts to encourage manpower development in the…
Saudi Pledges to Invest in Nigeria’s Refineries The government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries. Saudi Crown Prince, Mohammed bin Salman made the pledge at a bilateral meeting with President Bola Tinubu on the margins of the Saudi-Africa Summit in Riyadh. This was disclosed on Friday in a…
Nigeria Has Untapped Market of 20 Million Households for Rural Community- NIPCO Boss The Managing Director of Nigerian Independent Petroleum Company (NIPCO Plc), Suresh Kumar, explained at the 13th NLPGA Conference held in Abuja that the company has made massive investments in Liquefied Petroleum Gas (LPG) value chain with 11,000 MT coastal storage and over…
