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Author Archives: admin

Petrol to Sell for N212.16 Per Litre – PPPRA

The Petroleum Products Pricing Regulatory Agency has revealed in a new monthly template that the price of Premium Motor Spirit, also known as petrol, has reached N212.6 per litre. According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers ...

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DPR Assures Availability of Petroleum Products in Warri During Easter

The Department of Petroleum Resources (DPR) has assured availability of petroleum products to last throughout the Easter season and beyond in Warri and environs. Mr Antai Asuquo, Operations Controller, DPR, Warri Zonal Office gave the assurance in an interview on Wednesday in Warri. The Easter celebration falls between April 2 and April 5. Asoquo said “The current situation as regards ...

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Seplat Sets to Deploy Resources in Delivering Sustainable Value for Stakeholders

…..by James Ikenna…..,. ……. gets regulator, investors commendation on strides….. Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), is strongly committed to deploying resources and expertise to create and deliver sustainable value to meet the expectations of its various ...

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DPR Shut Down 86 Gas Plants in Lagos for Illegal Operations

The Department of Petroleum Resources (DPR) has announced that it shutdown 86 Liquefied Petroleum Gas (LPG) plants in Lagos State in 2020 for operating illegally. This is coming at a time when there have been reported cases of explosions at gas stations in the state with several fatalities and destruction of properties. This disclosure is contained in a statement issued ...

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We’ll not respond to enquiries about false recruitment, others — Chevron

The management of Chevron Nigeria Limited (CNL), operator of the Nigerian National Petroleum Corporation, NNPC/CNL Joint Venture, has affirmed that it will not respond to enquiries about fraudulent advertisements and job offers or contract awards. The company’s reaction is coming against the backdrop of the recent proliferation of false recruitment and contract information about CNL. There has been the circulation ...

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FG Plans Talkshop on Integration of Artisanal Petroleum Refinery Operations

The Federal Government is planning a tslkshop on integrated Artisanal/Modular Petroleum refinery operations in the country to improve the capacity of the products. The Senior Special Assistant (SSA) to the President on Niger Delta Affairs, Sen. Ita Enang disclosed this at a news conference on Tuesday in Abuja. Office of the Presidency in collaboration with the Federal Ministry of Finance, ...

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Conoil Flowstation Shut Down by Aggrieved Host Community in Bayalsa

Agreived host community has shut down Conoil Flowstation in Bayelsa State. The 30,000 barrel per day Conoil Production Flowstation at Ango field in Koluama, Southern Ijaw Local Government Area of Bayelsa, was shut down on Tuesday. The incident is not unconnected with the complains by the host community that the oil firm refuse to open channel of communication to discuss ...

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Power Sector Loses N59.33 Billion Despite 5,802MW Peak Generation

Between January 1 and March 6, 2021 Nigeria’s power sector lost N59.33bn but posted its highest ever peak generation of 5,802 megawatts during the period. Documents obtained from the Federal Ministry of Power on the sector’s performance for the months of January, February and the few days in March showed that the industry was still losing billions daily. This, however, ...

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PIB to Resolve Issues on Production Sharing Contracts on Gas – Minister

The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. ...

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