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NNPC Records 37.21 Percent Drop in Oil Pipeline Vandalism in January

…..…Increases Gas Supply for Power Generation…….. The Nigerian National Petroleum Corporation (NNPC) has announced a 37.21 percent decrease in cases of pipeline vandalism across the country in the month of January 2021. This is contained in the January 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press release by the Group General Manager, Group ...

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We Did Not Revoke Any Refinery Licence – DPR

………….by James Ikenna………….. The Department of Petroleum Resources (DPR) has said it has not revoked any refinery license. The Department debunked the report that the licences of 32 refineries issued to private companies in Nigeria has been revoked. DPR said its attention has been drawn to a report in some publications stating that DPR has revoked 32 refinery licences issued ...

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Stable Fiscal System will Attract $19 Billion Investments to Oil Sector – Prof. Iledare

Against the backdrop of an estimated $19billion needed yearly by Nigeria to develop its oil reserves, an energy expert, Professor Wumi Iledare, has advised the Federal Government to implement progressive fiscal framework that encourages investment flows into the petroleum industry , saying only flexible, dynamic and stable fiscal instruments can attract such investments. Iledare, African Regional Director of Society of ...

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Electricity Generation Falls to 3,922MW, 11 Plants Idle

Electricity generation in the country fell below the 4,000 megawatts mark on Sunday as 11 plants were idle, even as several others suffered declines in the output. Total power generation fell to 3,922.2MW as of 6am on Sunday from 4,394MW on Saturday, according to data obtained from the Nigerian Electricity System Operator. Eleven of the power plants on the national ...

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Heritage Oil Procurement Manager Denies Allegations by Indigenous Contractors

The Manager, Procurement and Contract, Heritage Energy Operational Services Limited, Mr. Claude Kanayo Esekody, has denied the allegations of unethical and professional misconduct levelled against him by a group of aggrieved indigenous contractors of OML 30 in Delta State. Esekody, who described the contractors as nonexistent in the contractors list of the oil firm, noted that the allegations were meant ...

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PMS Truck Out Hits 80.23 Million Litres Daily – PPPRA

The truck out of premium motor spirit, petrol, stood at 80.23 million litres as at April, 8, 2021, the Petroleum Products Pricing Regulatory Agency, PPPRA, has reported. The latest PMS truck out data posted on its official website showed that the truck out came from 54 depots across the country. According to the report, Lagos State received most supply with ...

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DPR Sets to Flag Off Alternative Dispute Resolution Centre

The Department of Petroleum Resources (DPR) is set to flag-off the oil and gas industry Alternative Dispute Resolution Centre (ADRC) with the inauguration of the advisory Council and body of neutrals in Lagos on Thursday 15th April, 2021. The ADRC is one of the centres in the DPR National oil and gas excellence centre (NOGEC) which was recently launched by ...

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Shell and Eni May Face Another Trials Over OPL 245 in Nigeria

………… by Jenifer Dike………..There are strong indications that Shell and Eni may face another trial in Nigeria even after the Milian court in Italy had settled the case against them over OPL 245. Human and Evironmental activists are pushing that another court trials in Nigeria be open against the two multinational oil companies. The activits have written that President Muhammadu ...

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AKK Project: NNPC Begins Transportation of Line Pipes by Rail

The $2.8 billion 614 kilometre pipeline, with capacity to transport 2.2 billion cubic feet of gas per day, was flagged off by President Muhammadu Buhari on June 30, 2020. It is designed to enable gas connectivity between the east, west and north. In a tweet on Friday, Mele Kyari, group managing director of NNPC, said the line pipes were successfully ...

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Bayelsa Oil, and Gas Park to Create 2,000 Jobs – Sylva

The Minister of State For Petroleum Resources, Chief Timipre Sylva has said that the Nigerian Oil and Gas Park Scheme (NOGAPS) at Emeyal, Ogbia Local Government Area, Bayelsa will create at least 2,000 jobs on completion. Sylva, who visited the NOGAPS site to ascertain the pace of work, said the project which is 70 per cent completed, would be ready ...

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