By Emmanuella Anokam The Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum has exonerated its members from the current fuel scarcity in the country. According to IPMAN, the scarcity is caused by its inability to source petroleum products. The IPMAN Depot Chairmen Forum also threatened to withdraw itsContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulation Authority (NMDPRA) says consultation with stakeholders and public hearing must be conducted to review proposed draft regulations of the Petroleum Industry Act (PIA). The Authority’s Chief Executive, NMDPRA, Mr Farouk Ahmed, said this on Tuesday in Abuja at its stakeholder’sContinue Reading
By Yusuf Yunus The Major Energies Marketers Association of Nigeria (MEMAN) says it expects over 300 million litres of Premium Motor Spirit (PMS) from eight vessels to ease fuel scarcity and queues in Lagos and other parts of the country this week. MEMAN Chairman, Mr Huub Stokman, said this whileContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has begun the conduct of fresh bid round for marginal oil fields in Nigeria. The NUPRC said 12 oil fields would be offered together with the five from the 2022 bid round that was put on hold dueContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga Komolafe disclosed this on Monday in AbujaContinue Reading
By Emmanuella Anokam The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has developed a divestment framework to guide the assessment of applications for ministerial consent to the Shell Petroleum Development Company of Nigeria Ltd. (SPDC) divestment. The NUPRC said the framework with seven cardinal pillars would also guide other similar divestmentsContinue Reading
By Yusuf Yunus African oil and gas executives and Small Medium Enterprises (SMEs) operators are set to discuss opportunities and collaborations for investment in the industry at the 2024 Offshore Technology Conference (OTC) in Houston, Texas, U.S. Mrs Jumoke Oyedun, the Chief Executive Officer of New House International Ltd.,Continue Reading
By Emmanuella Anokam The Federal Government through the Presidential Compressed Natural Gas Initiative (P-CNGi) has attracted a 50 million dollar deal for the conversion of commercial vehicles to run on Compressed Natural Gas (CNG). The P-CNGi Programme Director/Chief Executive, Mr Michael Oluwagbemi, said this on Saturday during a Live programmeContinue Reading
FG employing dual-pronged approach to address illegal mining -AlakeContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the issues that led to the tightness in the supply of fuel currently being experienced in some parts of the country have been resolved. The NNPC Ltd. said that the issues were as a result of logistics problems.Continue Reading
