OPEC+ reiterates commitment to monitor oil production adjustment

By Emmanuella Anokam The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in the global oil market. The OPEC made this known in the resolution of its 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) which wasContinue Reading

P-CNGi urges Nigerians to patronise certified CNG conversion centres

  By Emmanuella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGi), has urged Nigerians to patronise only government-certified CNG conversion workshop centres across the country for safety.   P-CNGi Programme Director/Chief Executive, Mr Michael Oluwagbemi, made the call in an interview with the News Agency of Nigeria (NAN), in Abuja.Continue Reading

P-CNGi urges Nigerians to patronise certified CNG conversion centres

  Mr Michael Oluwagbemi, Programme Director/Chief Executive, Presidential Compressed Natural Gas Initiative (P-CNGi)     By Emmanuella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGi) has deployed 160 CNG buses through its transport union partners and sub-nationals, to cushion the effect of high transport cost occasioned by fuel subsidy removal.Continue Reading

Tanker explosion: NMDPRA to review safety procedures – Official

By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will review its operating procedures to encourage safety awareness, following Saturday’s tanker explosion in Niger. Mr Farouk Ahmed, Chief Executive, NMDPRA, said this on Sunday when he visited the site of the petrol tanker explosion. HeContinue Reading

Nigeria’s CNG conversion capacity increases by 2,500% – NMDPRA

By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the country’s Compressed Natural Gas (CNG) conversion capacity increased by over 2,500 per cent in 2024. Mr Farouk Ahmed, Authority Chief Executive, NMDPRA, said this on Thursday in Abuja, at the inaugural Petroleum Industry Stakeholders’Continue Reading

2025 budget predicated on 2m barrels crude oil production – Komolafe

By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels crude oil production at 75 dollars per barrel. Nigeria’s current production is averaging 1.7 million barrels leaving a deficit of about 350,000 barrels to be bridged. Mr Gbenga Komolafe, CommissionContinue Reading