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NNPC debunks news of fire outbreak on Lagos pipeline

Members of the public have been advised to disregard the news of a possible fire outbreak from a vandalized point on a pipeline owned by the Nigerian National Petroleum Corporation (NNPC) at Aboru Canal in Alimosho Local Government Area, Lagos State.

BP agrees to sell its petrochemicals business to Ineos

BP has announced that it has agreed to sell its global petrochemicals business to Ineos for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing BP, will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally…

Why there won’t be fuel scarcity in Lagos – DPR

The Department of Petroleum Resources has debunked rumours that there may be possible fuel scarcity in Lagos State. The failure of petroleum marketers to load at the depots had led to speculations of an impending fuel scarcity. The Operations Controller, DPR Lagos, Wole Akinyosoye has however debunked the rumours, stating that the government was…

Petrocam launches new solar-powered fuel station

Petrocam Trading Nigeria Limited recently launched a new solar-powered fuel station in Itire, Lagos state. According to its Managing Director, Mr. Patrick Ilo, the inauguration marked the ninth solar-powered station owned by the company adding that its hopes to expand in different parts of the country. He said, “We are trying to go to the

Many feared dead in Lagos petrol tanker accident

Reports say a truck loaded with 33,000 litres of Petroleum products yesterday fell at Barracks bus stop along the Mile2, Badagry Expressway, Ojo Lagos. The incident which left people scampering for safety happened in front of the Onireke Police Station, Barracks bus stop which is a sensitive part of the area. The petrol tanker spilt all its

LASG lifts the ban on construction of petrol stations

The Lagos State Government has announced a lift on the embargo placed on the grant of Planning Permit for the construction of Petrol stations in the state. This was made known by the state Commissioner for Physical Planning and Urban Development, Prince Rotimi Ogunleye.  He said “by this approval, the state government seeks to ensure safe

Lagos in talks with Golar LNG to boost energy security

The Lagos State Government is currently in talks with a provider of a floating storage special unit (FSRU) to deliver off-grid energy security for the state. The project could provide 3,000MW of electricity and kickstart the deregulation of the Nigerian Power Sector from Lagos, African Review of Business and Technology has stated. Speaking at…

Five nabbed for vandalizing NNPC pipeline

Five persons suspected to have vandalized a pipeline belonging to the Nigerian National Petroleum Corporation (NNPC) recently, have been arrested, Sweetcrude reports had gathered. An undisclosed source says the suspects were arrested on Wednesday at the scene. According to the source, “The suspects (names withheld), whose ages range from 22 to…
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