As the downstream oil and gas sector continues to face challenges of underperformance, infrastructure deficits, and low investment, industry experts and marketers are pointing to healthy competition and regulated importation of petroleum products as potential game changers for its revival. The downstream sector, which involves refining, distribution, and marketing of petroleum products, has for years […]Read More
NNPC: The decision of the Nigerian National Petroleum Company Limited to suspend crude supply to the Dangote and other refineries affected the output of the Organisation of the Petroleum Exporting Countries in March. A Reuters survey found that OPEC oil output fell in March as Nigeria curbed deliveries to domestic refineries. In March, supply from […]Read More
Ogun State Government officials and community leaders hailed Shell Nigeria Gas (SNG) and NNPC Gas Marketing Limited (NGML) for their partnership in the reconstruction of a key community road that was commissioned on Thursday (April 3) in Ado – Odo Otta Local Government Area. The 4.5km Ilogbo road provides access to some 75 communities and […]Read More
Nigeria is set to unveil a new crude grade, medium sweet Obodo, which is projected to hit the market in April in a move by Government to sustain its crude offering. Obodo has a gravity of 27.65°API and a sulphur content of 0.05pc, according to an assay seen by Argus. A source said the grade is […]Read More
PETROAN: The Petroleum Products Retail Outlets Owners Association of Nigeria has cautioned the public against panic buying of petroleum product due to the rumours currently circulating around. The Association also noted the news in the media space that the temporary suspension of sales in Naira by Dangote Refinery is the reason for the panic buying. […]Read More
Seplat Energy reaffirmed its leadership in driving gender equity in STEM at the Society of Petroleum Engineers Women Leadership Lecture Series (SPEWLLS) 2025, themed “March Forward: Advancing Equity and Creating Opportunities in STEM and Beyond”. The event which held on March 21, 2025 at the Capital Club, Victoria Island Lagos brought together industry leaders, changemakers, […]Read More
Nigerians may face petrol shortages in the coming days as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened a nationwide strike over unpaid bridging claims amounting to N100 billion. The association announced this plan during a press briefing in Abuja on Monday, issuing a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum […]Read More
Dangote Refinery has addressed the recent claim by the Nigerian National Petroleum Company (NNPC) Limited regarding a $1 billion loan backed by crude, reportedly secured to support the refinery during liquidity challenges. In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, Dangote Refinery refutes NNPC $1 billion loan […]Read More
Libya’s crude oil production has recovered to 1.3 million barrels daily, the National Oil Corporation has reported, following the resolution of a political dispute over the appointment of a new governor to the nation’s central bank. “Efforts are still ongoing to increase production levels,” NOC also said. Crude production at most Libyan oilfields was suspended […]Read More
Nigeria is advancing with a new policy framework aimed at revitalising its natural gas sector, seeking to attract up to $10 billion in investment. The proposed measures offer tax incentives to entice both local and international investors to tap into the country’s deep-water gas reserves. The framework, already approved by the Federal Executive Council, is […]Read More
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