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Port Harcourt Refinery Receives Another Crude Supply from Shell Nigeria

…….by Ben Ndubuwa…… Port Harcourt Refinery has again received another crude oil supply from Shell Nigeria ahead the commencement of refining operations later in the year. The Nigerian National Petroleum Corporation Limited (NNPCL) had said that test runs at the 60,000-bpd Port Harcourt refinery will be completed first quarter of this year.“Testing will conclude shortly, ensuring the refinery’s efficient operation. ...

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Ardova Plc Sets March 2024 to Commence Operations in Ijora Upgraded Terminal

…as NMDPRA undertakes pre-commissioning tour…….. Ardova Plc’s (AP) newly upgraded terminal in Ijora, Lagos is set to commence operations in March 2024. AbdulWasiu Sowami, Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the facility by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) led by Farouk Ahmed, the Authority Chief Executive. The upgrade includes ...

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Oil Theft: NNPC Makes Breakthroughs As It Unearthed Fresh 223 Illegal Connections, Refineries

The Nigerian National Petroleum Company Limited has recorded some breakthroughs while deepening its war on crude oil theft. It recently discovered 223 fresh illegal connections and illegal refineries in the Niger Delta. In a two-minute video obtained by Channels Television on Wednesday, it was revealed that the incidents were recorded between the 10th and 16th of February 2024. A breakdown ...

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Shell’s Withdrawal Opens Doors for Nigerian Firms

Oil major’s departure from the Nigerian onshore oil business offers opportunities for local firms, but could also leave a financing gapOn 16 January, Shell announced an agreement to sell its Nigerian onshore oil and gas subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), to a consortium of local firms for up to $2.4b. The deal aligns with Shell’s previously stated ...

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NIES 2024: Africa’s National Oil Companies Set to Birth Continent’s Energy Agenda

……..by Ben Ndubuwa…….. The highly anticipated 7th Nigeria International Energy Summit (NIES 2024) is set to convene the National Oil Companies (NOCs) Forum, bringing together esteemed CEOs and key stakeholders from various African NOCs. The session promises to be a pivotal moment for shaping the future of the energy sector under the sub-theme “Sustainable Strategies for Energy Leadership: Navigating Security, ...

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NNPC Chief Mele Kyari Highlights Energy Security’s Role in Wealth Creation

……..by Victor Egbo……… Group Chief Executive Officer of NNPC Ltd, Mr Mele Kyari, making a presentation at a conference organised by the Ministry of Finance Incorporated  (MOFI) on Public Wealth Management in Abuja… Tuesday. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any ...

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FG Confirms Transfer of $1.3 Billion Zungeru Hydroelectric Power Plant to Penstock Ltd

……….by Victor Egbo…… The Nigerian Government has confirmed that the transfer of ownership of the Zungeru Hydroelectric Power Plant to Penstock Limited took place on January 23, 2024, following the settlement of the project’s commencement fee on January 5, 2024. Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications (Office of the Vice President, made this known ...

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MEMAN Clarifies Issues Over Conflicts Between Members and Transport Unions

The Major Energies Marketers Association of Nigeria (MEMAN) has said that there is no conflict between its members and the transport unions. This clarification is coming at the heels of the strike initiated by the National Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers (PTD) which started today, February 19, 2024. According to MEMAN individual marketers are ...

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NUPRC Boss Bags Public Service Award as Billion Dollar Capex Attracted in Oil Industry

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, says Nigeria recorded capital expenditure (Capex) worth billions of dollars within the last two and a half years characterised by the implementation of the Petroleum Industry Act (PIA). Komolafe, stated this at the weekend in Lagos after receiving The Sun Public Service Award 2023, during the ...

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