FG, IOCs in talks over retention of LPG output for domestic market
*There is pressure on the government to put an end to LPG smuggling into the countryThe Federal Government has hinted that talks are ongoing with multinational oil firms on the modalities for retaining all Liquefied Petroleum Gas!-->!-->!-->!-->!-->…
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IEI to Restore Capacity in Energy Insurance
Adaobi Rhema OguejioforThe Managing Director of the International Energy Insurance Plc (IEI), Olasupo Sogelola, has said that the company will expand its corporate and retail businesses as well as restore its capacity in the oil!-->!-->!-->!-->!-->…
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Inaccurate Measurement Responsible for 40% Oil Loss- FG
Adaobi Rhema Oguejiofor
The Federal Government on Sunday said that about 40 percent of the volumes attributed to oil theft in the petroleum industry of Nigeria is actually as a result of inaccurate measurement.Gbenga Komolafe,!-->!-->!-->!-->!-->!-->!-->…
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Enhanced Gas Penetration to Create Job Opportunities in Africa
By Moses Patience Chat
Africa, with her massive unexplored gas fields, would be able to provide great employment opportunities to its people, if the continent enhances gas penetration by developing gas infrastructure.This is!-->!-->!-->!-->!-->!-->!-->…
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Oil falls on fuel demand worries ahead of U.S. Fed comments
*Crude oil barrelsOil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S. Federal Reserve’s most recent policy meeting due later in the day would indicate a need for higher interest!-->!-->!-->…
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FG to hold authorities responsible for crude oil loss – Osinbajo
Vice President Yemi OsinbajoVice President Yemi Osinbajo yesterday said the Federal Government would h nceforth hold authorities responsible for loss of crude oil, describing the menace as an affront on the integrity of the government.!-->!-->!-->…
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NNPC becomes full limited entity, acquires corporation’s assets, liabilities
The Nigerian National Petroleum Company Limited (NNPCL) on Friday said the complete assets and liabilities of the Nigerian National Petroleum Corporation (NNPC) have been transferred to the state oil company, easing its means of doing!-->!-->!-->…
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Petrol ex-depot price now N180/litre as against previous N148/litre – IPMAN
*Fuel dispenser pumpThe Independent Petroleum Marketers Association of Nigeria, IPMAN, has disclosed that the official ex-depot price of petrol is now N180 per litre as against the previous N148 per litre under the new price regime!-->!-->!-->…
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‘It was released in error’ — Sylva’s aide apologises over publication countering NUPRC
Horatius Egua, media aide to Timipre Sylva, minister of state for petroleum resources, has apologised to Nigerians and industry operators over a media publication error.Egua, on Monday, released a statement quoting Sylva as saying!-->!-->!-->!-->!-->…
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IPMAN Tells FG to Resume Operations at Enugu Petroleum Depot
Adaobi Rhema Oguejiofor
The Independent Petroleum Marketers Association (IPMAN) has called on the Federal Government to resume operations at the Enugu Petroleum Depot, which it said has been deserted for about 25 years.Chinedu!-->!-->!-->!-->!-->!-->!-->…
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