OIL

Shell has pulled out of a joint venture with British Airways and Velocys to build a flagship sustainable jet fuels plant in the UK – in a blow to Boris Johnson’s claims that Britain could deliver the world’s first zero-emission long-haul flight. The oil firm was named last year as one of the top companies set to “turbocharge government plans” ...

BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing and distribution of petroleum products and other related services have announced the supply of 20,000.00 MT of Premium Automotive Gas Oil (popularly known as diesel) into the Nigerian market. The product lifted from Amsterdam, Netherland is poised to wet the company’s tank ...

…..by Abisoye Shola…….. Independent Petroleum Marketers Association of Nigeria, (IPMAN), Oyo State branch said in Ibadan yesterday that it may be forced to shut down all petroleum stations in Oyo State. IPMAN said that the security situation in the State is becoming worrisome The petroleum products marketers saidt the killing of innocent citizens in some parts of the state is ...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has warned marketers of Premium Motor Spirit (PMS) and other petrol products against profiteering during the new year celebration and beyond. The Executive Secretary of the Agency, Abdulkadir Saidu, who issued the warning in Abuja, said the country has more than two billion litres and about 40 days of sufficiency. He said: “The ...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has given assurance of availability of adequate petroleum products throughout the Yuletide period. The agency gave the assurance in a statement signed by its Executive Secretary Mr Abdulkadir Saidu, in Abuja, on Thursday. “The average stock of Premium Motor Spirit (PMS) also known as petrol, for both inland and marine between Dec. 12th ...

The Nigerian National Petroleum Corporation on Tuesday said it was currently focusing on third party financing of oil and gas development projects. The Group Managing Director of NNPC, Mele Kyari made this known while playing host to the Chairman, Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam. Kyari said that there was need for regular high-level interaction between the corporation ...

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi has said there is need for Federal Government to enforced total deregulation of the petroleum downstream sector than engaging in monopolistic deregulation. Osatuyi said that government through the Nigerian National Petroleum Corporation (NNPC) has been the sole importers of petrol and few markets operating ...

The Department of Petroleum Resources (DPR), Osogbo Field Office, has warned residents of the state against panic buying, hoarding and storing of petroleum products at home during the Yuletide period. Mr Benjamin Ogunnubi, the DPR Operations Controller in Osun, gave the warning on Thursday in Osogbo. Ogunnubi said there was no cause for panic buying, as the Federal Government had ...

Minister of State for Petroleum Resources, Chief Timipre Sylva, Thursday, disclosed that the Federal Government has adopted key strategies to help strengthen the Nigeria petroleum industry after the COVID-19 pandemic and also insulate the economy from a future crash in the prices of crude oil. This was also as the Nigerian Association for Energy Economics, NAEE, argued that the Nigerian ...

…… Abisoye Shola…… Petroleum products marketers has called the federal government to ensure strict monitoring of the distribution of petroleum products as the borders are opened. This is to check snuggling of petroleum products a cross the Nigeria’s borders to neighbouring countries. The oil marketers, on Thursday, advised the government to ensure stricter monitoring of supply and distribution of petroleum ...