DPR warns marketers against exploitation
The Department of Petroleum Resources (DPR) has warned marketers operating in Zamfara not to use petrol subsidy removal as an excuse to exploit customers at the filling stations.The Operations Controller in charge of Gusau DPR Field!-->!-->!-->…
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Seplat CEO says if OPEC supply cap is prolonged, indigenous oil firms will need respite from FG
Roger Brown, new CEO of leading indigenous oil and gas company, Seplat Petroleum Development Company Plc said local oil companies deserve some respite from government if oil production restrictions, which requires reducing their output is!-->…
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Oil price rises to $40 on outages
Oil prices rose on Tuesday, ahead of the weekly crude inventory data releases, but traders remain concerned about the pace of the recovery in global oil markets.After a sobering Organisation of Petroleum Exporting Countries (OPEC)!-->!-->!-->…
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NNPC’s Legal Team Bags Africa Arbitration Award
…Saves Billions of Dollars in Liabilities for Nigeria
The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards.A press release by the!-->!-->!-->!-->!-->…
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FG’s N250b gas intervention fund targets CNG, LPG as alternative fuels
The Federal Government has stated that its N250 billion intervention facility for the national gas expansion programme is targeted at making Compressed Natural Gas (CNG) the fuel of choice for transportation and Liquefied Petroleum Gas!-->…
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$1bn Ogoni cleanup: CISLAC demands incompetent contractors’ probe, sack
The $1 billion Ogoni cleanup in Nigeria’s Niger Delta has been brought back to the front burner as Civil Society Legislative Advocacy Centre (CISLAC) has demanded the probe and sack of incompetent contractors.United Nations!-->!-->!-->…
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Govt says local refining won’t reduce petrol price
The Minister of State for Petroleum Resources, Timipre Sylva, has said there would not be a major drop in price of petrol even if Nigeria starts refining its oil locally.The minister stated this while appearing alongside the Minister!-->!-->!-->…
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IPMAN seeks total deregulation
• PDP, TUC urge reversal of petrol price hike, electricity tariff raiseThe Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday advised the Federal Government to deregulate the downstream oil sector completely and!-->!-->!-->…
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FG Promises To Convert Cars, Generators Of Nigerians To Run On Gas
The minister said this will be done free of charge for all Nigerians to cushion the effect of the hike in the pump price of petrol.Timipre Sylva,The Minister of State for Petroleum Resources has claimed that the Federal!-->!-->!-->…
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NNPC unveils plans to begin activation of CNG refill stations
As part of the efforts to provide alternatives to petrol as vehicular fuel following the hike in the cost of the product, Nigerian National Petroleum Corporation (NNPC) has unveiled plans to begin the activation of Compressed Natural Gas!-->…
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