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Tuesday, February 25, 2020
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Why NPA revoked LADOL’s Land Lease Agreement

Fresh facts have emerged that the Nigerian Ports Authority (NPA) revoked the land lease agreement signed with the Lagos Deep Offshore Logistics...

VANDALISM: Pipeline feeding Brass export terminal shutdown

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass...

EFCC to try nine foreigners for oil theft

The Nigerian Navy has handed over seven Sri-Lankans and two Ghanaians, who were among the 66 suspected crude oil thieves arrested in...

NNPC suspends power purchase agreement for AKK project

The Nigerian National Petroleum Corporation (NNPC) has announced the suspension of the Power Purchase Agreement (PPA) for the Ajaokuta-Kaduna-Kano gas pipeline project.

Huawei launches digital oilfield IOT solution in Nigeria

Huawei has launched its fully digital oilfield IOT solution at the Nigeria International Petroleum Summit 2020. The firm, in...

CRFFN begins POF collection

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), has commenced the collection of Practitioners Operation Fee (POF) in Lagos...

NNPC, USTDA sign Grant Agreement for Abuja IPP

In a further bid to concretize the ‘Year of Gas’ mantra of the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) has...

NIPS 2020: OVH Energy emerges Downstream Company of the Year

…As Shell, Total, Samsung also bag awards OVH Energy, an Oando licensee and the second largest downstream petroleum business...

NLNG achieves 83 percent of its Nigerianization target

The Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process with...

Overtime cargo takes up 30% space at Lagos port

As congestion at the Lagos ports continue, facts have emerged that more than 2,000 containers of overtime cargo littered in the facilities...

Manufacturers seek concession as government mulls new gas regulation in June

The former Senior Technical Adviser to the immediate Minister of State for Petroleum, Timothy Okon, has stated that a new regulation will...

“Nigeria to adopt gas as transitional fuel”- Oil Minister

…Launches National Gas Transportation Network Code …Sets six-month deadline for migration of GTAs Nigeria’s Minister of State for Petroleum...
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Refiners trim output to boost low sulfur marine fuels margins

Refiners are expected to scale back production of low sulfur marine fuels in the short term as a recent rally in IMO-compliant...

Oil, credit boost Nigeria’s economy to 4-year high

Nigeria’s economy expanded the most in four years in 2019 as oil output increased and the central bank took steps to boost...

ADM Energy takes further interest in license offshore Nigeria

ADM Energy has entered into a sale and purchase agreement with EER (Colobus) Nigeria Limited to acquire a participating interest of 2.25%...

“Nigeria petroleum market over-regulated; margins, under-priced” – Stockman, OVH CEO

In what experts have described as the most fragmented downstream petroleum market in the world, endless opportunities lie in the recesses of an untapped...