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NNPC raises petrol price to ₦998 in Lagos, ₦1,030 in Abuja, ₦1,075 in S-S, as downstream deregulation takes hold
October 9, 2024DownstreamMidstreamNewsOil & Gas

NNPC raises petrol price to ₦998 in Lagos, ₦1,030 in Abuja, ₦1,075 in S-S, as downstream deregulation takes hold

… petrol prices soar by 478% in 17 months, under Tinubu’s administration Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦998 per litre in Lagos.…

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PETAN Chairman says oil and gas revenue is key to Nigeria’s economic growth, infrastructure development
October 8, 2024DownstreamMidstreamNewsOil & GasUpstream

PETAN Chairman says oil and gas revenue is key to Nigeria’s economic growth, infrastructure development

…failure to boost oil and gas production will continue to weaken Naira, deepen energy poverty – Ogunsanya warns   Oredola Adeola Engr. Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN) has emphasized that Nigeria’s sustainable development and…

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 Don’t expect Dangote refinery to slash fuel prices crash to ₦400–₦500 per liter – Pinnacle Oil CEO warns Nigerians
October 7, 2024DownstreamNewsOil & Gas

 Don’t expect Dangote refinery to slash fuel prices crash to ₦400–₦500 per liter – Pinnacle Oil CEO warns Nigerians

“Large majority of petrol price increases we have seen in past year are due to fall in value of Naira” Oredola Adeola Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, has warned Nigerians against expecting Dangote’s refinery output to…

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PENGASSAN urges FG to divest 51% stake in PH, Kaduna, Warri refineries, adopts NLNG model for enhanced energy security, products affordability
September 25, 2024DocumentaryDownstreamEnergy TransitionImpactLocal ContentMidstreamNewsOil & GasSustainabilityUpstream

PENGASSAN urges FG to divest 51% stake in PH, Kaduna, Warri refineries, adopts NLNG model for enhanced energy security, products affordability

… urges NNPCL to increase stake in Dangote Refinery to from 7% to 45% to guarantee fuel assurance Nigerians … recommends generative AI to monitor petroleum supply chains, combat smuggling, enhance energy efficiency Oredola Adeola PENGASSAN has called on the…

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NLNG MD/CEO underscores energy exclusion risks, calls for investment in infrastructure, energy equity to achieve climate goals
September 21, 2024DocumentaryDownstreamEnergy TransitionEnvironmentGasImpactLocal ContentNewsUpstream

NLNG MD/CEO underscores energy exclusion risks, calls for investment in infrastructure, energy equity to achieve climate goals

“Rising population, youth energy demands highlight need for expanded energy access, infrastructure- Dr. Mshelbila   Oredola Adeola Dr. Philip Mshelbila, Managing Director and CEO of Nigeria LNG, has warned of the risks of energy exclusion, emphasizing that achieving global climate…

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UPDATED: NNPCL secures petrol from Dangote Refinery at N898/L, sets Lagos pump price at N950.22/L for September
September 16, 2024DownstreamImpactLocal ContentMidstreamNews

UPDATED: NNPCL secures petrol from Dangote Refinery at N898/L, sets Lagos pump price at N950.22/L for September

… N960.22 in Oyo , N992.22 in Abuja, Kaduna, N1,019.22 in Borno …  guarantees 100% price discount at retail end, if Dangote Refinery agrees to offer discounts … as Dangote urges Nigerians to await official pricing announcement from Tinubu-appointed technical…

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UPDATED: NNPC to commence loading of first petrol batch from Dangote refinery on Sunday, September 15
September 14, 2024DownstreamLocal ContentMidstreamNewsOil

UPDATED: NNPC to commence loading of first petrol batch from Dangote refinery on Sunday, September 15

…  mobilises 500 trucks to Dangote refinery for transport of 25 million liters of petrol … deploys over 100 trucks on Saturday, with hundreds more en route Oredola Adeola The Federal Government has announced that the first batch of Premium…

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Ogbechie,GMD Rain Oil, Okulaja-Kotun ,VC CORAN call for full deregulation of petrol pricing, demand fair market practices
September 11, 2024DownstreamMidstreamNewsOil & GasReviewSabotage

Ogbechie,GMD Rain Oil, Okulaja-Kotun ,VC CORAN call for full deregulation of petrol pricing, demand fair market practices

… challenge FG to end importation of substandard petroleum products, assert local refiners can deliver quality Tokunbo Thelma Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Crude Oil Refiners Association of Nigeria (CORAN) have called on the Nigerian…

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September 10, 2024DownstreamEnergy TransitionMidstreamNewsOil & Gas

MEMAN proposes Petroleum Industry Consultative Committees to resolve stakeholder disputes, end public feuds between Dangote, NNPCL, regulators

Oredola Adeola  The Major Energy Marketers Association of Nigeria (MEMAN) has proposed the creation of Petroleum Industry Consultative Committees (PICC) to end the public exchange of press statements and resolve ongoing disputes between Dangote, other local refiners, NNPC Limited, and…

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NNPCL not sole offtaker, will only lift petroleum products at lower prices from Dangote, other domestic refineries – Soneye
September 7, 2024DownstreamMidstreamNewsOil

NNPCL not sole offtaker, will only lift petroleum products at lower prices from Dangote, other domestic refineries – Soneye

  Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has clarified that it is not the exclusive offtaker of all petroleum products from Dangote Refinery and will only fully offtake Premium Motor Spirit (PMS) if market prices exceed the…

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