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Experts warn FG against encouraging anti-competitive practices in oil, gas sector
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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Fire erupts in a section of Dangote refinery in Ibeju-Lekki
June 26, 2024MidstreamNewsOil & GasSabotage

Fire erupts in a section of Dangote refinery in Ibeju-Lekki

Oredola Adeola   The massive $19 billion Dangote Oil Refinery and Petrochemicals in Ibeju-Lekki experienced a fire outbreak on Wednesday, June 26, 2024.   This incident comes just days after the management of the 650,000 barrels per day refinery raised alarms…

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Two men bag jail terms in Kirikiri for vandalizing EKEDC transformer in Satellite Town, Lagos
June 25, 2024DistributionNewsPowerSabotage

Two men bag jail terms in Kirikiri for vandalizing EKEDC transformer in Satellite Town, Lagos

“It is significant breakthrough in combating vandalism, cable theft in Satellite Town” – Dr. Akinrolabu Oredola Adeola Magistrate Mrs. A.S. Okubule has sentenced two individuals, Raymond Anthony Okoye and Olamilekan Adeleke, for vandalizing a 2500 kVA transformer, belonging to the…

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Dangote refinery accuses NMDPRA of permitting import of ultra-high sulfur Russian diesel
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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Eid-el-Kabir: President Tinubu condemns electric cables theft, rail tracks vandalism
June 18, 2024DistributionNewsOil theftPowerSabotageTransmission

Eid-el-Kabir: President Tinubu condemns electric cables theft, rail tracks vandalism

    …calls for mindset shift to curb economic sabotage   Oredola Adeola   President Bola Tinubu has condemned the alarming rate of theft and sabotage of Nigeria’s infrastructure, including the widespread theft of electric cables, removal of rail tracks,…

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Vandals attack newly rebuilt transmission towers on Nigeria Democracy Day
June 12, 2024DistributionNewsPowerSabotageSecurity

Vandals attack newly rebuilt transmission towers on Nigeria Democracy Day

… plunge Maiduguri, environs into darkness … third vandalism attack on TCN line connecting Maiduguri in four years … vandalised five months after repair Oredola Adeola Vandals have blown up key transmission towers T193 and T194 along the Damaturu-Maiduguri 330kV…

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Enugu State Government seals EEDC head office amid N1bn electricity debt vendetta
June 11, 2024DistributionNewsPowerSabotage

Enugu State Government seals EEDC head office amid N1bn electricity debt vendetta

  “Government’s actions linked to disconnection notice for June 11, 2024”- Enugu DisCo   Oredola Adeola The Enugu State Government, through the Enugu Capital Territory Development Authority (ECTDA), has sealed the Corporate Head Office of the Enugu Electricity Distribution Company…

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Smuggling of Nigeria’s petrol surges across West Africa, sells for N1,787/litre in Benin, Cameroon others 
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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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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Lagos receives N3.911bn in oil derivation funds between 2018- 2021
May 8, 2024FinanceNewsOil & GasSabotageUpstream

Lagos receives N3.911bn in oil derivation funds between 2018- 2021

… loses revenue due to ongoing production issues at Aje field … as dispute between Yinka Folawiyo, technical partners lingers   Oredola Adeola The Lagos State Government has that it received a cumulative sum of N3.911 billion in oil derivation…

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