BREAKING: Suspend services in Lagos, NUPENG orders tanker drivers

BREAKING: Suspend services in Lagos, NUPENG orders tanker drivers

The National Leadership of the Nigeria Union of Petroleum and Natural Gas Workers has directed petroleum tanker drivers to withdraw their services from Lagos State with effect from Monday. NUPENG said on Friday that the directive followed the failure of various authorities in the state …..

Edo refinery 70% completion, says Obaseki

Edo refinery 70% completion, says Obaseki

A modular refinery, expected to process 5500 barrels of crude oil per day in Edo is about 70 per cent completed, the State Governor, Godwin Obaseki said yesterday. Being constructed by the Edo Modular and Refinery Company Limited, and AIPCC Energy, Obaseki said the project …..

IPMAN shelves planned shutdown of filling stations, sells PMS at N150

IPMAN shelves planned shutdown of filling stations, sells PMS at N150

The South West chapter of Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed all its members in the zone to increase the dispensing pump price of Premium Motor Spirit (PMS) otherwise known as petroleum from N143 to N150 in their respective filling stations. IPMAN …..

New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholder

New Fuel Price: N3:80 Sets NNPC, PPPRA, Marketers on collision course — Stakeholder

Barring last-minute interventions from the Presidency over the new adjustment in the prices of petroleum products in the country, the Nigerian National Petroleum Corporation, Petroleum Products Pricing Regulating Agency and Petroleum marketers are set on a collision course that is likely to affect the distribution …..

NNPC raises August selling prices of crude oil

NNPC raises August selling prices of crude oil

The Nigerian National Petroleum Corporation has increased the prices at which two of the country’s major crude oil grades would be sold in August. Most of the country’s September loading programmes emerged on Monday, but traders were still waiting for Angolan allocations, according to Reuters. …..

West African crude-trading muted as freight steady, contango narrows

West African crude-trading muted as freight steady, contango narrows

Little trading or price movement occurred on Monday as faster buying earlier in the trading cycle lapsed into a lull. Offers for West African grades, even ones which had recovered significantly in previous weeks, remained stuck atcurrent levels. BP last offered a cargo of Angolan …..

FG clears outstanding N168bn fuel subsidy debt to oil marketers

FG clears outstanding N168bn fuel subsidy debt to oil marketers

Comments:0 Comments THE Federal Government has paid N168 billion outstanding subsidy debt to oil marketers, as part of measures targeted at stimulating activities in the downstream sector of the petroleum industry. Investigation by Vanguard indicated that the payment was made through promissory notes, which the …..

US Mounts Pressure On AfDB Board To Probe Adesina

US Mounts Pressure On AfDB Board To Probe Adesina

The President of African Development Bank (AfDB), Akinwumi Adesina, a former Minister of Agriculture in Nigeria, is enmeshed in allegation of corruption, leading to a pressure probe from the United States of America.   AfDB board agreed to an independent probe of its president after the …..

Rivers State Commissioner Visits NLNG Medical Facility

Rivers State Commissioner Visits NLNG Medical Facility

Nigeria LNG Limited (NLNG) on Sunday, 24th May, 2020, received the Honourable Commissioner for Health, Rivers State, Professor Princewill Chike, who led a delegation to inspect the company’s medical facilities and to assess its readiness in the fight against COVID-19 pandemic in the State. The …..

Bonga Oil Export Terminal Shut For Maintenance

Bonga Oil Export Terminal Shut For Maintenance

One of Shell’s major project in Nigeria, Bonga crude oil export terminal has begun routine maintenance in order to meet record time. The Shell Nigeria Exploration and Production Company (SNEPCo) said that maintenance on the Bonga floating production storage and offloading unit (FPSO) began on …..