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PETAN foresees success of 2024 oil bid round with PIA simplifying investment process
May 16, 2024FinanceNewsOil & GasUpstream

PETAN foresees success of 2024 oil bid round with PIA simplifying investment process

  … Engr. Ogunsanya touts reasonable signature bonus as irresistible lure for investors …  Dr. Amao sets to lead NUPRC upcoming roadshow in London   Oredola Adeola   The Petroleum Technology Association of Nigeria (PETAN) has emphasized that the Petroleum Industry Act…

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Ogoni leaders urge President Tinubu to reopen OML 11, cite potential $5bn annual GDP boost from increased oil, gas production
May 16, 2024EnvironmentImpactNewsOil & GasUpstream

Ogoni leaders urge President Tinubu to reopen OML 11, cite potential $5bn annual GDP boost from increased oil, gas production

… Tinubu vows to diligently pursue Ogoni cleanup program inherited … says, “We must heal the wounds of the past, live and prepare for our children’s future”   Oredola Adeola Ogoni traditional rulers and leaders have urged President Bola Tinubu…

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P-CNGi embarks on nationwide engagements with stakeholders, ahead of May 29 launch of deployment plan
May 15, 2024DownstreamEnergy TransitionImpactNewsOil & GasSustainabilityTechnology

P-CNGi embarks on nationwide engagements with stakeholders, ahead of May 29 launch of deployment plan

Oredola Adeola   The Presidential CNG Initiative (PCNGI), has announced a series of extensive pre-launch itineraries including regional stakeholders’ engagement, leading up to the nationwide deployment plan launch of the CNG-program billed for May 29, 2024.   Engr. Michael Oluwagbemi,…

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President Tinubu inaugurates AHL, ANOH gas process plants, OB3 pipeline
May 15, 2024News

President Tinubu inaugurates AHL, ANOH gas process plants, OB3 pipeline

… anticipates supply of 500MMscf of gas, in aggregate, to domestic market …lauds NNPC Ltd, SEEPCO, Seplat Energy Plc over inauguration of gas projects       Oredola Adeola   The President has officially inaugurated the AHL Gas Processing Plant;…

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Energy experts question feasibility of President Tinubu CNG-vehicle directive to MDAs
May 15, 2024DownstreamGasNewsOil & GasSustainability

Energy experts question feasibility of President Tinubu CNG-vehicle directive to MDAs

… Challenge Tinubu to convert Presidential fleet to CNG vehicles “CNG- infrastructure limitations would hinder compliance ” – Prof. Iledare “P-CNGi should champion PPP arrangements between MDAs & gas conversion providers” – Engr. Iheme   Oredola Adeola   Experts in…

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Wase-led Reps. House Ad-Hoc Committee to address IPMAN, NNPCL dispute on petrol sharing formula abuses
May 15, 2024DownstreamNewsOil & Gas

Wase-led Reps. House Ad-Hoc Committee to address IPMAN, NNPCL dispute on petrol sharing formula abuses

Oredola Adeola Rt. Hon. Abbas Tajudeen, Speaker of the House of Representatives, has confirmed the appointment of Rt. Hon Ahmed Wase (APC, Plateau) as Chairman of the House Ad-Hoc Committee to engage with the Independent Petroleum Marketers Association of Nigeria…

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Three vandals bag 6 years imprisonment for damaging IBEDC electrical installations
May 14, 2024DistributionNewsPowerSabotage

Three vandals bag 6 years imprisonment for damaging IBEDC electrical installations

  Oredola Adeola   The Federal High Court, Abeokuta Division, has sentenced three(3) vandals to six years behind bars,  for unlawfully tampering, disconnecting, and damaging Electrical installations owned by the Ibadan Electricity Distribution Company(IBEDC).  Busolami Tunwase, IBEDC’s Lead Media Relations,…

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CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports
May 14, 2024ConcessionDocumentaryMaritimeMidstreamNewsOil & GasUpstream

CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports

Oredola Adeola   The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of Nine (9) Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.…

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President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs
May 14, 2024DownstreamGasLocal ContentMidstreamNewsOil & GasUpstream

President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs

… “We must lead the way to prosperity by example”- Tinubu to public officials   Oredola Adeola President Bola Tinubu has directed the mandatory procurement of Compressed Natural Gas (CNG)-powered vehicles by all Government Ministries, Departments, and Agencies (MDAs) as parts…

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11 Plc declares N26.56bn profits in FY 2023
May 13, 2024DownstreamMidstreamNewsOil & Gas

11 Plc declares N26.56bn profits in FY 2023

… announces N3bn dividend payout  “Our 250 filling stations shine as downstream industry benchmark for service, ethical standards” – Oyebanji, MD/CEO said Oredola Adeola 11 Plc (formerly Mobil Oil Nigeria Plc) has announced a profit after tax of N26.56 billion…

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