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NUPRC dismisses Dangote Refinery’s allegations of weak enforcement of Domestic Crude Supply Obligation
August 9, 2024MidstreamNewsOilUpstream

NUPRC dismisses Dangote Refinery’s allegations of weak enforcement of Domestic Crude Supply Obligation

… reaffirms active enforcement of PIA Section 109 for Domestic Crude Supply to Dangote, others, on ‘willing buyer, willing seller’ basis … Dangote Refinery secures 29,047,098 barrels (90.6%) of domestic crude supply in H1 2024 … PH, Warri, 7 other…

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Dangote Refinery accuses NUPRC of failing to enforce Domestic Crude Supply Obligation
August 9, 2024DownstreamMidstreamNewsOilSabotageUpstream

Dangote Refinery accuses NUPRC of failing to enforce Domestic Crude Supply Obligation

“We have never accused NNPC of not supplying us with crude” – Dangote’s spokesperson Oredola Adeola Dangote Refinery has revealed that the Nigerian National Petroleum Company Limited (NNPCL) provided approximately 60% of the 50 million barrels of crude oil it…

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NNPC Ltd denies sabotage allegations against domestic refiners, asserts legal compliance, fair practices
August 8, 2024DownstreamMidstreamNewsOil & GasUpstream

NNPC Ltd denies sabotage allegations against domestic refiners, asserts legal compliance, fair practices

“Refining business is a straightforward business which any investor should know before coming into the market” Kyari informs Senate Committee  Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) asserted that it has not sabotaged any domestic refineries or violated…

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#NAICE2024: NUPRC aligns crude oil, gas supply obligations with NMDPRA amid Dangote’s recent outburst 
August 6, 2024DownstreamEnergy TransitionMidstreamNewsOil & GasUpstream

#NAICE2024: NUPRC aligns crude oil, gas supply obligations with NMDPRA amid Dangote’s recent outburst 

… seeks to boost Nigeria’s energy security, local refining capacity …Nigeria leads move to harmonize African oil, gas regulators for maximizing value amid energy transition Oredola Adeola In response to the stakeholders’ calls for streamlining the regulatory framework in the…

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NAICE 2024: Ministry of Petroleum Resources advocates for technological advancement in Nigeria’s midstream, downstream petroleum sectors
August 5, 2024DownstreamMidstreamNewsOilOil & GasUpstream

NAICE 2024: Ministry of Petroleum Resources advocates for technological advancement in Nigeria’s midstream, downstream petroleum sectors

Thelma Tokunbo Amb. Nicholas Ella, Permanent Secretary of the Ministry of Petroleum Resources, has urged stakeholders in Nigeria’s midstream and downstream petroleum sectors to leverage technological advancements to boost profitability and enhance environmental performance. He made the call while delivering…

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NNPCL launches Utapate crude oil blend, expands Nigeria’s portfolio to 26 grades
August 5, 2024NewsOilUpstream

NNPCL launches Utapate crude oil blend, expands Nigeria’s portfolio to 26 grades

… Utapate production hits 28,000 bpd, as NNPCL targets 50,000bpd … first cargo heads to Spain Oredola Adeola The Nigerian National Petroleum Corporation (NNPC) Ltd, has announced the introduction of Utapate crude oil blend, a new crude oil grade into…

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Divestment: Nigeria’s national interest, oil assets bidders amidst environment, community concerns
July 31, 2024Energy TransitionEnvironmentImpactNewsOil & GasOpinion-editorialUpstream

Divestment: Nigeria’s national interest, oil assets bidders amidst environment, community concerns

Op-ed by Ibrahim Musa There are strong indications that environmental pollution, conflicts with host communities, community-based petitions, inability or unwillingness to pay judgment debts, decommissioning liabilities as well as lack of financial capacity and technical competence can affect some companies…

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MEMAN reveals petrol landing cost hits N1,117 per litre as of July 16
July 18, 2024DownstreamMidstreamNewsOil & GasSabotageUpstream

MEMAN reveals petrol landing cost hits N1,117 per litre as of July 16

… experts claim NNPC keeps subsidy amount  in secrecy … caution NNPC, Dangote against monopoly   Oredola Adeola The Major Energy Marketer Association of Nigeria (MEMAN) has disclosed the landing costs of petroleum Premium Motor Spirit(petrol) as of July 16,…

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WIEN applauds FG’s approval on divestment deals, demands more approvals
July 8, 2024Local ContentNewsOil & GasUpstream

WIEN applauds FG’s approval on divestment deals, demands more approvals

“Nigerian companies’ takeover of Shell, Agip, and Mobil assets, a guarantee of full domiciliation of industry job execution, value chain optimization” – Mrs. Fatai-Williams   Oredola Adeola The Women in Energy Network (WIEN) has commended President Bola Tinubu’s order for…

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TotalEnergies CEO identifies obstacles to oil, gas investments in Nigeria despite President Tinubu’s executive orders
July 5, 2024ImpactNewsOil & GasUpstream

TotalEnergies CEO identifies obstacles to oil, gas investments in Nigeria despite President Tinubu’s executive orders

… says good fiscal incentives, competition will drive costs down …as deep-water segment in Nigeria stuck for 10 years Oredola Adeola Mr. Mathieu Bouyer, Country Chairman, and Chief Executive Officer of TotalEnergies EP Nigeria Limited, has stated that despite the…

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