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  • Dangote refinery raises petrol gantry price to N799, as MRS retail pump price increases to N839 per litre
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NNPCL declares war against challenges affecting crude oil production
July 3, 2024NewsSabotageSecurityUpstream

NNPCL declares war against challenges affecting crude oil production

… affirms Nigeria can achieve 2mbpd without new rigs … to launch rig-sharing program to retain production rigs for up to five years Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has declared war against the challenges affecting crude…

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400,000 bpd crude oil deficit, despite vast reserves Nigeria at risk of partial implementation of 2024 budget – IPPG Chairman
July 3, 2024FinanceGasMidstreamNewsUpstream

400,000 bpd crude oil deficit, despite vast reserves Nigeria at risk of partial implementation of 2024 budget – IPPG Chairman

… says competitive fiscal regime being negotiated with Shell, Total Energies, ExxonMobil, Chevron, to unlock  700,000 bpd in short, medium term   Oredola Adeola Nigeria’s daily production of 1.3 million barrels of crude oil and 8.5 bcf of natural gas,…

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PETAN deploys ‘Quality Seal’ to differentiate genuine service providers from ‘Portfolio-Carrying Companies’
July 3, 2024Local ContentNewsSabotageService CompanyTechnologyUpstream

PETAN deploys ‘Quality Seal’ to differentiate genuine service providers from ‘Portfolio-Carrying Companies’

… supports NCDMB, NUPRC to weed out ‘Middlemen Business’ in Nigeria’s oil, gas sector   Oredola Adeola The Petroleum Technology Association of Nigeria (PETAN) is collaborating with the Nigerian Content Development and Management Board (NCDMB) and the Nigerian Upstream Petroleum…

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Ikeja Electric to suspend 2-yr-old Bilateral Power Agreement with Magodo GRA Phase 2 from July 15, 2024
July 2, 2024News

Ikeja Electric to suspend 2-yr-old Bilateral Power Agreement with Magodo GRA Phase 2 from July 15, 2024

“Magodo GRA Phase 2 residents have been enjoying N72.40/kWh electricity tariff rates” -Source Oredola Adeola The Ikeja Electric (IE) has notified the Magodo Resident Association (Magodo GRA Phase 2) of its intention to suspend the existing Bilateral Power Purchase Agreement…

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NCDMB implements Tinubu’s directive: Unveils 5 measures for content compliance in oil,gas Industry
July 2, 2024News

NCDMB implements Tinubu’s directive: Unveils 5 measures for content compliance in oil,gas Industry

… to weed out oil and gas service companies lacking capacity “Entities acting solely as intermediaries, with no demonstrable capacity to execute project, shall not be approved”-Engr Ogbe Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has announced…

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Unmetered electricity customers in Nigeria rise to 7,191,474 (54.61%) in May 2024 
July 2, 2024DistributionNewsPower

Unmetered electricity customers in Nigeria rise to 7,191,474 (54.61%) in May 2024 

Metering performance: Ikeja Electric leads with 76.25%, trailed by Abuja DisCo at 70.02%, Eko DisCo at 56.76% … Yola recorded the lowest with 15.64% metering rate   Oredola Adeola Out of 13,168,677 total registered electricity customers in Nigeria as of…

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Egbin Power launches Innovation centre in Ikorodu to equip future leaders, ignite creativity
July 2, 2024DocumentaryGenerationImpactNewsPower

Egbin Power launches Innovation centre in Ikorodu to equip future leaders, ignite creativity

  Oredola Adeola Egbin Power, Nigeria’s premier power generation company, has inaugurated the ‘Bright Gyimah Centre for Innovation’ in Ikorodu, Lagos State, to provide students with the entrepreneurial, practical, and creative skills essential for success in today’s educational environment. Felix…

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West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024
July 1, 2024MaritimeMidstreamNews

West African Customs Chiefs agree to SIGMAT integration to streamline Abidjan-Lagos corridor by September 2024

… sets to empower Nigerian importers to use any ECOWAS port with tariffs credited to Nigeria … policy aligns with NIMASA’s plans to localize bunkering services   Oredola Adeola The Directors General of Customs from Nigeria, Ghana, Benin, Côte d’Ivoire, and…

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