Category: Oil & Gas
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80 Percent Of A/Ibom’s Petroleum Products Adulterated, Industry Regulator Warns
From Lateef Taiwo Regulations in the downstream petroleum subsector of the Nigerian economy has warned that about eighty percent of Premium Motor Spirit, PMS, alias petrol, and other petroleum products consumed in Akwa Ibom state are adulterated by illegal bunkerers operating in the sector. Speaking with Journalists yesterday in Uyo, the state capital, Comrade Fidelis…
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TCN Announces Drop In Generation, Blames Gas Shortage
From Lateef Taiwo The Transmission Company of Nigeria, TCN, has acknowledged that there has been reduction in bulk power supply from the national power grid because there has been a gradual decrease in available generation. According to the bulk power supplier, gas constraints faced by the thermal generating companies, which has a reduced their generation…
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NDGC Dismisses Claims of Ethnic Bias in NNPCL Contract Awards, Emphasizes Due Process
The Niger Delta Grassroots Coalition (NDGC) has refuted allegations of tribal bias against Mrs. Oritsemeyiwa Eyesan, the current Executive Vice President Upstream of the Nigeria National Petroleum Company Limited (NNPCL), made by Niger Delta for Truth and Justice (NDTJ). NDGC asserts that contracts awarded by NNPCL are not influenced by ethnicity but are granted through…
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NSCDC’s Marine Unit Destroys Extensive Illegal Refinery Site in Rivers State
By Milcah Tanimu In a recent operation, the Marine Unit of the Nigerian Security and Civil Defence Corps (NSCDC) successfully destroyed a vast illegal refinery site located in the mangroves at Cutting Channel One, Degema Local Government Area of Rivers State. The operation was conducted in response to credible intelligence received by the NSCDC. The…
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“Nigeria’s Minister of State for Petroleum Resources Advocates Investor Partnership in Hydrogen Production”
By Milcah Tanimu Rt. Hon. Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has urged investors to collaborate on hydrogen production and development in Nigeria. Speaking at the Americas Energy Summit and Exhibition in New Orleans, Louisiana, USA, Ekpo reiterated the Federal Government’s commitment to partnering with genuine investors to unlock the full…
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Dangote Refinery Commences Production, Eliciting Praise from Industry Leaders
By Milcah Tanimu The Dangote Refinery, boasting a production capacity of 650,000 barrels per day and having initiated the production of diesel and aviation fuel, has been acclaimed as “a beacon of hope for Nigeria” and an “extraordinary accomplishment” by industry leaders. Femi Otedola, Chairman of Geregu Power Plc, and Wale Tinubu, Group Chief Executive…
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**Nigerian House of Representatives Commends NNPC Ltd Reforms and Profitability**
By Milcah Tanimu The Nigerian House of Representatives has praised the ongoing reforms at the Nigerian National Petroleum Company (NNPC) Ltd, acknowledging the transformation from a loss-making entity to a profit-making commercial organization. The commendation was expressed by the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, during a courtesy call by NNPC…
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OPEC-China energy dialogue, avenue for global oil market stability – Administrator
OPEC building By Emmanuella Anokam Mr Zhang Jianhua, Administrator, National Energy Administration, the People’s Republic of China, has lauded the high-level energy dialogue between China and Organisation of Petroleum Exporting Countries (OPEC) Member Countries. Jianhua said the dialogues had jointly maintained global oil market stability. Jianhua made this known at the Sixth High-level Meeting of…