Dangote Refinery has commenced its inaugural export of Premium Motor Spirit (PMS), widely referred to as petrol, to Cameroon, marking a significant step towards regional energy integration. In a statement released on Wednesday and shared with EnergyPlanets, the refinery announced the move, highlighting its potential to strengthen energy ties within the region and contribute to […]Read More
In a landmark moment for Nigeria’s influence in the global energy sector, the Organisation of Petroleum Exporting Countries (OPEC) has named Ademola Adeyemi-Bero as Chairman of its Board of Governors for 2025. OPEC confirmed the appointment during its 189th Conference meeting, as announced on the organisation’s official website. “The conference appointed Mr Ademola Adeyemi-Bero, Governor […]Read More
The Federal Government of Nigeria has said that 200 trucks are set to load petroleum products daily from the Port Harcourt Refinery. Speaking on his X handle on Tuesday, the Special Adviser on Public Communications and Orientation to the President, Sunday Dare, said that the refinery’s Old Wing has resumed operations with a production capacity […]Read More
The national grid has collapsed for the second time in three days, leading to blackouts in several parts of the country. Nigeria was on Thursday plunged into darkness as the country’s national grid collapsed again. A check on the Nigerian System Operator’s portal (niggrid.org), showed that power generation dropped to zero megawatts at 11:30 a.m., […]Read More
The federal government has approved a new system allowing petroleum marketers to obtain petrol directly from the Dangote Refinery, bypassing the Nigerian National Petroleum Company (NNPC) Limited. In a statement on Friday, Wale Edun, the Minister of Finance and Chairman of the Naira-Crude Sale Implementation Committee, shared updates on the progress of crude purchases and […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced a major operation targeting oil thieves, resulting in the seizure of 63 illegal refineries within just one week. In its weekly documentary series “Energy and YOU,” NNPC reported that efforts to combat oil theft had led to the successful confiscation of these illegal refineries. Between August […]Read More
The Nigeria Senate has expressed worries regarding the $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery, noting a lack of significant results. Opeyemi Bamidele, Chairman of the Senate Ad Hoc Committee investigating alleged economic sabotage in the Nigerian Petroleum Industry, voiced these concerns during a stakeholder meeting on Wednesday […]Read More
Nigeria’s oil production, a critical pillar of its economy, faces a significant threat as a dispute between the indigenous Nembe community and the oil firm Aiteo Eastern E&P Company Ltd. escalates. The conflict, centred in the Nembe Creek area, jeopardizes the daily production of approximately 150,000 barrels of crude oil, exacerbating concerns in a market […]Read More
Despite assurances from the Nigeria National Petroleum Corporation (NNPC) Limited that issues causing fuel scarcity have been resolved, the situation continues to deteriorate in Lagos, Ogun State, Abuja, and other parts of the country. Last week, NNPC spokesperson Olufemi Soneye issued a press release asserting that all factors contributing to fuel scarcity had been addressed, […]Read More
Ekperikpe Ekpo, State Minister of Petroleum Resources (Gas), announced yesterday that the federal government has finalized an agreement with Shell to provide gas for the proposed Brass methanol plant, estimated at $3.8 billion. Ekpo disclosed that the Gas Supply and Purchase Agreement (GSPA) crucial to the project will be signed in May 2024 after fruitful […]Read More
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