OIL

.. eyes strong growth, digital transformation in 2024 ….. NIPCO PLC has achieved a significant milestone in its business operations with over 250 branded outlets in the company’s two decades history. This landmark achievement was announced by Suresh Kumar, Managing Director/CEO of NIPCO Gas, during the company’s 2023 Annual General Meeting held at the Abuja Continental Hotel ,FCT Abuja . ...

. ……….Nigeria’s cost of production compared to many countries is too high…… ……..by Ben Ndubuwa.. ..The Petroleum Technology Association of Nigeria (PETAN) is seeking support from Aradel Holdings to improve Nigeria’s oil production and bridge the gap between its producing and selling costs. PETAN chairman, Mr Wole Ogunsanya, disclosed this during a courtesy visit by the association’s delegation to the ...

……By Olufemi Soneye….. In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian National Petroleum Company Limited (NNPC Ltd). In the editorial entitled: “NNPCL: Liability or Asset to Nigerians?”, the newspaper set out to paint the picture of NNPC Ltd that is a liability to Nigeria instead of an asset ...

The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels.Meanwhile, oil marketers in Lagos are collaborating with NNPC to reduce the queues at various filling stations in Lagos and Abuja. According ...

Nigeri ……..by Victor Egbo….,. The allegation that some officials of government have a blending plant in Malta has further indicated that petroleum products worth over $2.3 billion were imported from Malta in 5 year. Malta, a small European country which according to World Bank, has a populatioaaàan of 531,113 as at 2022. According to report from StatiSence the breakdown showed ...

…says, Trading Arms Offer Cargoes At $2-$4 Per Barrel, Above Commission’s official Price, so, the local prices will continue to increase …commends the Commission’s effort to publish guidelines …Insists IOCs are frustrating its crude supply demands There is every indication that the Management of Dangote Industries Limited (DIL) may not have agreed with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) ...

The Nigerian National Petroleum Company won the National Assembly’s support in its fight to ramp up crude oil production to two million barrels per day. The NNPCL has vowed to push the nation’s production level which currently stands at about 1.4 million barrels per day to two million barrels per day in no distant future. The National Assembly which expressed ...

The Coalition of Civil Society Groups for Good Governance, a key stakeholder in the Nigerian oil and gas industry has called on oil marketers, distributors to partner with the Nigerian National Petroleum Company Ltd to ensure seamless delivery of petroleum product across the country which is crucial to the country’s quest for energy security. The CSOs also expressed excitement with ...

……..causing fuel queues at stations … The NNPC Ltd has attributed the emerging queues at the various fuel stations nationwide were as a result of disruptions of logistics and flooding. “We wishes to state that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium ...

Photo: GCEO, NNPC Ltd, Mallam Mele Kyari (standing 7th from left) in a group photograph with participants at the ongoing Nigeria Oil & Gas (NOG) 2024 Energy Week Conference & Exhibition in Abuja. In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and ...