July 8, 2024DownstreamMidstreamNewsOil & Gas

Abuja, Lagos, fuel queues: NNPC, marketers blame thunderstorms, flooding for supply disruption

…confirm petrol loading complications during rainstorms, lightning due to safety regulations   Oredola Adeola Fuel scarcity currently affecting Abuja, Lagos, and other parts of Nigeria is attributed to recent thunderstorms and flooding, which have severely disrupted logistics and transportation of…

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July 6, 2024DownstreamGasMidstreamNewsOil & Gas

NCDMB, GACN launch JWT to monitor midstream, downstream gas activities, promote commercialization opportunities

…Alh. Halilu (NCDMB), Uzoho (GACN) to serve as co-chairpersons on steering committee … mobilize CNG facilities in Bayelsa to promote use of CNG as automobile fuel Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) and the Gas Aggregator…

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July 5, 2024DownstreamEnergy TransitionGasMidstreamNewsOil & Gas

NNPCL accelerates CNG station rollout, commissions 12 new sites in Abuja, Lagos

… commits to establishing over 100 new CNG stations in 2025, including 16 through JV with NIPCO … plans to build three LNG stations Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) has accelerated its nationwide deployment of Compressed…

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July 4, 2024DownstreamEnergy TransitionEnvironmentGreen FinanceNewsRenewables

REA MD Aliyu to speak at Oriental News 3rd National Conference in Lagos on July 25

…SEC Director General Dr.  Agama to highlight strategies for advancing green initiatives   Oredola Adeola The Ag. Managing Director and Chief Executive Officer, MD/CEO of the Rural Electrification Agency, REA, Abba  Aliyu has been scheduled to participate in the 3rd…

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June 28, 2024DownstreamMidstreamNewsOil & GasReviewSabotageUpstream

Experts warn FG against encouraging anti-competitive practices in oil, gas sector

… recommend regulatory reform, fair pricing, support to ensure success of Dangote Refinery “Dangote refinery too big to fail… If it fails, Nigeria is bound to bear the consequences in long run” Professor Iledare “Corruption permeates government institutions, Dangote must…

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June 24, 2024DownstreamMidstreamNewsOil & GasSabotageUpstream

Dangote refinery accuses NMDPRA of permitting import of ultra-high sulfur Russian diesel

… faults IOCs for inflating local crude prices by $6 above market rates   Oredola Adeola Dangote Oil Refinery and Petrochemicals has raised concerns about its survival, accusing the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of granting licenses…

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June 11, 2024DownstreamEnergy TransitionFinanceImpactLocal ContentMidstreamNewsOilOil & GasSustainabilityTechnologyUpstream

NCDMB recommends pan-African collaboration for oil-producing countries in local content development

… shares local content experience with Uganda energy officials “African oil-producing countries cannot achieve enough when they operate in silos,” Halilu, NCDMB Director Oredola Adeola The Nigerian Content Development and Monitoring Board (NCDMB) has called on African oil-producing countries to…

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June 11, 2024DownstreamNewsSabotage

Smuggling of Nigeria’s petrol surges across West Africa, sells for N1,787/litre in Benin, Cameroon others 

… as Customs/NSA Operation Whirlwind seizes 150,950litres of smuggled petrol worth N105m in 2 weeks …. NMDPRA confirms unexplained shifts in petrol evacuation patterns in Borno, Sokoto other border states Oredola Adeola In recent weeks, Nigeria has witnessed a notable…

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June 10, 2024DownstreamGasMidstreamNews

Africa Gas Innovation Summit, 2024 sets to hold in Abuja, June 13-14

… industry leaders, policymakers, entrepreneurs convene to foster energy-based research, technological advancements   Oredola Adeola   The inaugural edition of Africa Gas Innovation Summit (AGIS 2024) is set to take place in Abuja from June 13-14, 2024, bringing together industry…

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June 6, 2024DownstreamNewsOil & Gas

FG dismisses leaked document on N5.4 trn petrol subsidy allocation for 2024

  … reveals documents on fiscal policy proposal not official …fuel subsidy regime has ended -Minister of Finance   Oredola Adeola   The Federal Government has dismissed rumours sparked by a leaked document suggesting that N5.4 trillion has been earmarked…

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