Articles

Power Grid Collapse: Baru orders assessment of damage to Escravos-Lagos Gas Pipeline

Following a fire incident on the Escravos to Lagos Pipeline (ELP), a natural gas pipeline which supplies gas from Escravos region of the Niger Delta area to Lagos, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has ordered an immediate assessment of the damage and has ordered immediate restoration of line.
 
The pipeline also supplies gas to power plants in the South West, in addition to feeding the West Africa Gas Pipeline System.
 

Nigeria loses N260b to crude for product swap

The Nigeria Extractive Industries Transparency Initiative (NEITI) 2015 Oil and Gas Industry Audit Report, showed that the country recorded a net loss of $723 million (N260 billion) from getting refined products through Offshore Processing Arrangement (OPA) in 2015.
 
Besides, the agency said that sum of N317 billion which is the value of crude allocated for domestic consumption by the Nigerian National Petroleum Corporation (NNPC), was yet to be reconciled.
 

Shipowners kick against foreign domination of oil trade

Can indigenous shipowners match their foreign counterparts in the capital intensive crude oil lifting business? Yes, says the Nigeria Shipowners Association (NISA), which has launched a campaign to be involved in the business.
 
The association says its involvement in the trade would be in national interest.
 
Its participation would reduce youth unemployment, generate revenue and ensure security, its General Secretary, Captain Niyi Labinjo, told newsmen.
 

MARITIME SAFETY: NIMASA to acquire more fast intervention vessels

-TOTAL SPECTRUM MARITIME STRATEGY WILL TACKLE CRIME – DAKUKU
 
In line with the recent approval by the Federal Executive Council (FEC), the Nigerian Maritime Administration and Safety Agency, NIMASA is set to acquire strategic maritime safety and security assets, which are also in line with the total spectrum of maritime security strategy.                                     

Nigeria earns N398bn from LNG, cooking gas exports

Nigeria earned N397 billion from the export of Liquefied Natural Gas, LNG and Liquefied Petroleum Gas, LPG, also known as cooking gas, in the third quarter of 2017, data obtained from the National Bureau of Statistics, NBS, has revealed. 
 
The NBS in its Third Quarter 2017 Foreign Trade Statistics, stated that the country exported LNG valued at N386.028 billion, while cooking gas export stood at N11.835 billion. 
 

NNPC supplied 1.3bn litres petroleum products in Oct. 2017

…Supplies over 252 billion Cubic Feet of Gas 
 
The Nigerian National Petroleum Corporation (NNPC) through its Downstream subsidiary, the Petroleum Products Marketing Company (PPMC), sold and distributed a total of 1.352.86 billion (one billion three hundred and fifty-two million and eight six thousand) litres of white products across the country in October, 2017. 
 

Senate blasts FG over fuel subsidy on PMS

-Senate declares fuel subsidy illegal
-Vow to stop it.

Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru on Friday said that the landing cost of petroleum products that should be sold in the pump without under-recovery should be N171.40, but that President Muhammadu Buhari has directed that the corporation should maintain all the parameters to ensure that it is sold at N145 per liter.

NPA to Restrict Egina FPSO’s Access to Nigerian Waterways

Owing to rising debts, the Nigerian Ports Authority (NPA) has announced the immediate suspension of service boats operations in all its pilotage districts until the full settlement of debts accruing from unpaid pilotage dues by International Oil Companies (IOCs) and other beneficiaries of the services.

This is just as the NPA gave indication that it might prevent Engina FPSO, which is due to arrive Nigeria in January, 2018 from accessing Nigerian waterways.

Nigerian emerges Africa LPG Association Sec-Gen

A Nigerian professional Engineer, Zayyan Tambari Yabo ‎of the Department of Petroleum Resources(DPR) has emerged as the pioneer Secretary General of the African Liquefied Petroleum Gas Association.

The association which was founded in February 2017 in Cape Town, South Africa at the sidelines of ARGUS Media Africa LGP Conference, also elected Mr. Samson Muamba as its pioneer President following amicable consultations among the delegates. Muamba, is the Managing Director and CEO of Fire Corp Energy, Zambia.

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