OIL

………..by Ben Paul……… Ardova PLC, a leading player in Nigeria’s downstream oil and gas sector, is entering a new chapter in its six-decade journey with a renewed focus on investment, sustainability, innovation, and community. In media briefing in Lagos, Ardova PLC declared that it is getting started. “Life begins at 60,” the company’s Managing Director, Moshood Olajide emphasized, setting the ...

Engr. Wole Ogunsanya, Chairman  of PETAN The Chairman  of Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called for the privatization of Nigeria’s oil and gas pipelines in what he termed “commonwealth solution’”, to ensure efficiency and sustainability of the nation’s critical oil and gas industry. He made the charge at the Nigeria International Pipeline and Security Conference ...

…….Ben Ndubuwa…. The Major Energy Marketers Association of Nigeria (MEMAN) has said that members distributed more than 251,797,142 litres of Premium Motor Spirit (PMS) from the Dangote Refinery over the past 10 weeks. This milestone highlights the group’s efforts to stabilize fuel supply across the country both from the refinery and with additional volumes from import. Speaking during Wednesday MEMAN ...

Photo: James Gooder, Vice President, Crude Oil, Argus Media ……by Ben Ndubuwa…….. In a quarterly webinar and engagement with Energy Editors held today by the Major Energies Marketers Association of Nigeria (MEMAN), the guest speaker, James Gooder, VP, Crude Oil at Argus Media gave a graphic detailed presentation, on the theme “Market Trends Transparency and Fair Pricing” on petroleum products ...

……by Ben Ndubuwa…. In a significant move aimed at reducing the cost of Premium Motor Spirit (PMS) in the country, Dangote Petroleum Refinery announced on Sunday that it has slashed the price of petrol from N990 per litre to N970 per litre. This price slash is expected to ignite intense competition as both major energy marketers and the independents are ...

Photo: from left: Project Manager, Asharami Synergy, Oludotun Onakoya, Human Resources Officer, Ehichioya Obozele, Sales and Marketing Executive, Mariam Smith, Government Relations Officer, Naomi Nwokocha, Depot Manager, Omagwa Depot (ATK), Henry Nnadi and Senior Bowzer Operator, Omagwa, Edikan Felix at the commissioning of the Asharami Synergy Retail Station in Omagwa, Port-Harcourt, Rivers State. Asharami Synergy Limited, a leading Sahara Group ...

BP is seeking to reverse course after nearly five years of pivoting toward low-carbon energy solutions. The British oil giant, which once aimed to transform itself into a renewable energy leader, is now looking to return to its roots as a major player in oil and gas production. This strategic shift comes as the company strives to revive its share ...

In a significant development for the Nigerian fuel market, the Dangote Refinery has entered into a supply agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the delivery of 60 million litres of Premium Motor Spirit (PMS) weekly. The deal, announced on Sunday by IPMAN spokesperson Chinedu Ukadike, is expected to have a positive impact on fuel prices ...

…..As Dispute Escalates Over Alleged Substandard Fuel Imports in Nigeria….. The controversy surrounding the alleged importation of substandard petroleum products into Nigeria intensified on Thursday, with key oil marketers vehemently denying claims made by Dangote Refinery. The refinery’s accusations have raised concerns about the quality of imported petrol in the wake of the deregulation of Nigeria’s downstream oil sector. Dangote ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it does not deal in adulterated products, as it adheres to rigorous standards and quality control measures at every stage in its operations to ensure that only high quality, safe, and reliable petroleum products are available at its retail stations nationwide. The Company said this while refuting claims that fake and ...