NNPC Raises Petrol Prices Amid Market Deregulation The Nigerian National Petroleum Company Limited (NNPCL) has announced a significant increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. In Abuja, the price has surged from N897 to N1,030 per liter, while in Lagos, it has risen from N868 to N998 per…
Seplat CEO: Africa’s Vast Gas Reserves Key to Addressing Immediate Challenges Africa’s abundant gas reserves offer a vital opportunity to tackle the continent’s pressing energy challenges, according to Mr. Roger Brown, CEO of Seplat Energy Plc. Speaking at the Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa, Brown emphasized the role…
Federal Government Applauds Savannah Energy’s Investment in Nigeria’s Energy Sector The Federal Government has commended Savannah Energy, a British independent energy company, for its significant contributions to Nigeria’s energy sector. Savannah’s investments, particularly in the domestic gas supply, have been recognized as pivotal to the country’s power generation and economic growth. During a recent visit…
Nigeria at 64 – Chevron Nigeria’s Partnership with Nigeria for socio-economic development As Nigeria celebrates her 64th independence anniversary, Chevron is proud of its partnerships and role in developing its natural resources. In over six decades of operation, Chevron Nigeria has continued to make significant investments in the country that support social and economic development….
Refineries Need a Competitive Regulatory Framework Market: Farouk At the Crude Oil Refinery Owners Association of Nigeria (CORAN) summit held in Lagos, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, emphasized the crucial role refineries play in Nigeria’s energy sector. He stressed the importance of a well-structured…
Nigeria’s Refining Potential: Dangote Highlights Emerging Opportunities At the Crude Oil Refinery Owners Association of Nigeria (CORAN) summit in Lagos, Aliko Dangote, represented by Mansur Ahmed, Advisor to the President/CEO of Dangote Industries Limited, emphasized Nigeria’s transformative journey from being a net importer of petroleum products to becoming a key global player in refining and…
Minister Lokpobiri Clarifies NNPCL Refinery Operations, Refutes Claims on Refinery Mandate Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has refuted claims made by Engr. Kamoru Busari, Director of Upstream in the Ministry, during a recent conference in Lagos. Busari had suggested that the Minister directed the Nigerian National Petroleum Company Limited (NNPCL)…
Nigeria Energy Exhibition & Conference 2024 to Boost Clean Energy Transition in West Africa The 11th edition of the Nigeria Energy Exhibition and Conference, scheduled to take place from October 15-17, 2024, at the Landmark Center in Lagos, will bring together key players in the energy sector to address West Africa’s growing energy challenges. Endorsed…
Sanwo-Olu Lauds CORAN for Advancing Domestic Refining and Building Strategic Energy Partnerships Lagos State Governor Babajide Olusola Sanwo-Olu has praised the Crude Oil Refinery Owners Association of Nigeria (CORAN) for its efforts in promoting domestic oil refining and fostering collaborations within the energy sector. Represented by the Commissioner for Energy Resources, Bolaji Ogunleye, the Governor…
NCDMB: Presidential Directives on Nigerian Content Have Shortened Contracting Cycle, Eliminated Middlemen The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it has successfully removed middlemen from the oil and gas industry’s value chain and shortened the contracting cycle to just six months. This development follows the implementation of three Presidential Directives…
