The Depot and Petroleum Products Marketers Association (DAPPMA), yesterday faulted the claims of the out-going Chief Operating Officer, Downstream of the Nigerian National Petroleum Corporation, Mr. Henry Ikem-Obih, that its members accessed foreign exchange at N305 per a dollar for the importation of petrol into the country since 2017. Olufemi Adewole, Executive Secretary of the…
The Department of Petroleum Resources (DPR) in Benue State on Wednesday sealed three petrol filling stations for under dispensing, poor sanitation and wrong metering. Daily Trust reports that the stations include, Prime Power Nigeria Limited along Naka road, Conoil on Hospital road and Total along Kashim Ibrahim road, all in Makurdi metropolis. DPR’s State Controller,…
Indications have emerged that inability of the country’s power generation companies (GenCos) and distribution companies (DisCos) to keep the circular flow of energy to the end users hamper gas sector development. General Manager, Downstream Gas, Chevron Nigeria/Mid Africa, James Okereke, said that an enabling commercial framework, globally competitive fiscals, strong vital infrastructure and reliable operations,…
Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a study by the Nigeria Natural Resource Charter (NNRC) has found, prompting reactions from stakeholders on the implications for the country’s critical sectors like health and education. Speaking at a seminar on advocacy against crude oil theft, the Managing Director of New…
The Nigerian National Petroleum Corporation (NNPC) has said it was running at a loss insisting the pump price rate of N145 per litre for Premium Motor Spirit (PMS) was the bane on its revenue drive. The new Group Managing Director of the NNPC, Mele Kyari, made the disclosure on Wednesday, when the heads of revenue…
Vice President Dr Mahamudu Bawumia says the delicate nature of the gas industry in the country makes it one that must be highly regulated. He said government will soon complete work on the transformation of the existing gas master plan into a gas law which will be used to regulate the Industry. The new law…
His Eminence, king Alfred Papapreye Diete-Spiff is the Amanyanabo of Twon Brass and Chairman of the Bayelsa state council of traditional rulers. He was the first Military Governor of Rivers State, Nigeria after it was created from part of the old Eastern Region, Nigeria. He held office from May 1967 until July 1975 during the military administration of General Yakubu Gowon….
*No pipeline built in Nigeria of this size and capacity The Chairman/CEO of Oilserv Group, Engr. Emeka Okwuosa says efforts are been put in place to ensure that the Obiafu-Obrikom -Oben (OB3) ‘Lot B’ gas pipeline being handled by his company is completed by September 2019. Okwuosa gave the assurance in an interview with some…
Applicant Expresses Shock, Storms BOI to Verify Offer Letter By Jerome Onoja The Bank of Industry (BOI) has revealed that a total of 33 applications for access to the Nigerian Content Intervention Fund have been approved, and a total of 11 have received disbursements. Speaking at a recent workshop in Lagos, the group head for…
Joseph Duntoye is the General Manager of Aveon Offshore Limited. In this interview at the Offshore Technology Conference (OTC), Houston, Texas; he speaks on some of the activities of the company in the nation’s oil and gas industry. Excerpts: Aveon offshore has been consistent at OTC; can you please tell us what the drive is…