November 30, 2024ConcessionMidstreamNewsOil & GasTechnologyUpstream

PETAN advocates for privatizing oil, gas pipelines with 51% private investor ownership

… proposes “Commonwealth Solution” modelled after NLNG   Oredola Adeola Engr. Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN), has advocated for the privatization of Nigeria’s oil and gas pipelines, proposing a “commonwealth solution” that would allow…

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November 30, 2024DownstreamLocal ContentMidstreamNews

NNPC debunks false claims about petrol price, portal opening at Port Harcourt refinery

… limits petroleum products supply from restreamed refinery to its retail outlets   Gillis-Harry, PETROAN President debunks pricing claims, awaits NNPC’s official PMS announcement   Oredola Adeola   The Nigerian National Petroleum Company (NNPC) Limited has announced that the recently…

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November 29, 2024DistributionGenerationImpactNewsPowerTransmission

TCN spends N10billion on fixing vandalized transmission infrastructure in six months – Chief Adelabu, Power Minister

“We are implementing ‘super grid’ solutions to end frequent collapse, ensure stability”- Adelabu “Cost-reflective tariffs, market discipline key to power sector reforms… electricity subsidy regime poorly structured” – says Olowoniyi, CTA Oredola Adeola The Transmission Company of Nigeria (TCN) has…

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November 28, 2024DistributionGenerationNewsPowerTransmission

FG’s electricity subsidy hits ₦2.4 trillion in 2024 despite Band A tariff reform, as NERC blames macroeconomic shocks

Increased remittance of DisCo to TCN, GenCos: Revenue collection soars by 81.8% in one year, hits ₦160bn in July 2024 – Dr. Ali, NERC Commissioner   Oredola Adeola The Federal Government’s annual electricity subsidy has risen significantly to ₦2.4 trillion…

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November 27, 2024DistributionDocumentaryDownstreamMaritimeMidstreamNewsSpecial Report

MEMAN members source 148 million litres of petrol from Dangote refinery in 10 weeks (Sep.16- Nov. 24)

…suspend importation, shift focus to local PMS supply from Dangote refinery amid competitive market   Oredola Adeola Nigeria’s petrol supply chain is shifting as members of the Major Energy Marketers Association of Nigeria (MEMAN) sourced 148,463,142 litres of Premium Motor…

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November 26, 2024DownstreamNews

President Tinubu commends Buhari, Afreximbank, NNPC for Port Harcourt refinery revitalization

… urges NNPC to fast-track reactivation of Port Harcourt, Warri, Kaduna refineries   Oredola Adeola President Bola Ahmed Tinubu has lauded former President Muhammadu Buhari for initiating the comprehensive rehabilitation of Nigeria’s four refineries and expressed appreciation to the African…

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November 26, 2024DocumentaryDownstreamMidstreamNewsSpecial Project

UPDATED: NNPC Ltd commissions Port Harcourt refinery, begins product truckout today, November 26, 2024

… begins dispatch of petrol, diesel, kerosene, other petroleum products   “About 200 trucks expected to load products daily ” –  Sunday Dare, SA, Media and Public Communication to President Tinubu   Oredola Adeola The Nigerian National Petroleum Corporation Limited…

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November 26, 2024DistributionNewsPower

IBEDC reports over 8,000 cases of energy theft in 10 months, resulting in financial losses 

… partners with SIPETO to ramp up crackdown on offenders Oredola Adeola The Ibadan Electricity Distribution Company (IBEDC) Plc has reported over 8,000 cases of energy theft, including meter bypass and illegal tampering, between January and October 2024, resulting in…

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November 26, 2024DocumentaryGasMidstreamNewsSpecial Report

Axxela’s Pioneer GCEO, Bolaji Osunsanya, retires; Board names Ogbemi Ofuya as new GCEO

… Osunsanya to collaborate with Ofuya until December 2024, to finalize Axxela’s ongoing enterprise reorganization Oredola Adeola Bolaji Osunsanya, outgoing Chief Executive Officer of Axxela Limited, has officially retired after over two decades of exemplary leadership, stepping down at 60…

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November 25, 2024MidstreamNews

Full privatization of Port Harcourt, Kaduna, Warri refineries underway – Presidency

  Oredola Adeola   The Special Adviser on Media and Public Communications to President Bola Tinubu, Sunday Dare, has confirmed the government’s plan to fully privatise Nigeria’s oil refineries. Dare disclosed this information through a post on his official X…

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