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We supplied 19 billion litres of petrol in 13 months- NNPC

The Nigerian National Petroleum Corporation, NNPC recently disclosed that it supplied a total of 19,437,894,096.06 billion litres of petroleum products into the Nigerian downstream sector through its Direct Sales Direct Purchase, DSDP programme. The report was as released for the period of November 2017 and November 2018. According to the

FG to earn $3.5bn from gas flare commercialization investments

Inward investments worth $3.5bn would come into Nigeria through the ongoing gas flare commercialization programme, officials of the Federal Ministry of Petroleum Resources have said. “About $3.5bn worth of inward investments are coming into the country to achieve the gas flare commercialization targets by 2020.” The Programme Manager, NGFCP,

Election postponement costs gas marketers billion naira investments

Some cooking gas marketers under the aegis of the Nigerian Association Of Liquefied Petroleum Gas Marketers NALPGAM lost multi-billion naira investments following the postponement of the Nigerian general elections. This was revealed by the Executive Secretary of the association, Mr Bassey Essien who described the action by the Independent

DPR shuts down 10 illegal gas plants in Abuja

The Abuja zonal office of Department of Petroleum Resources, DPR reportedly closed down 10 illegal plants selling liquefied petroleum gas, LPG commonly called domestic or cooking gas within the Federal Capital Territory (FCT) and its environs. The move is to reduce the incident of gas explosion in the state. Leadership reported that at least

Stakeholders advocate deregulation for viable refineries, downstream sector

Deregulation would provide the right market template for investors and ensure maximization of investments. This was the consenus reached by some operators in the Nigerian’s downstream and midstream petroleum sector, recently. The operators said deregulation is critical to the viability and sustainability of existing and planned refineries.

Kachikwu unveils DPR’s achievements

Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu recently appraised and unveiled the achievements made by the Department of Petroleum Resources (DPR). One of the outstanding achievements according to the minister was the establishment of technologies that will track online/real time of production volumes from the oil fields,

Barkindo seeks OPEC members’ cooperation in achieving output cuts

The Secretary-General of the Organization of Petroleum Countries, OPEC Mohammed Barkindo has enjoined members of the group and its 10 allies to join hands together to achieve their agreed output cut goals. Barkindo mentioned that initial production and supply data from the 24 participating countries showed various levels of conformity and

NNPC takes final investment decision on Assa gas field

Sufficiency in domestic gas supply may be attained soon as the Nigerian National Petroleum Corporation (NNPC), has taken the Final Investment Decision (FID) on the 4.3 trillion-cubit Assa North/Ohaji South Fields development. The investment decision on the field located in oil mining lease (OML 21), was made by the corporation on Wednesday, 14

Eterna PLC seeks 200 petrol stations,oil asset acquisition

Eterna Plc has revealed that it hopes to increase the number of its petrol stations across the country to 200 as well as acquire upstream oil and gas assets in the next five years. Managing Director/Chief Executive Officer, Eterna, Mr Mahmud Tukur made this known at a press conference on the firm’s 30 years of operation in the oil and gas

Kachikwu launches crude oil tracker, other automation devices

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu recently launched computerized crude oil and Liquefied Natural Gas, LNG tracking, automatic downstream system and other automation initiatives. He made this known at a ministerial briefing on the achievement of the Department of Petroleum Resources, DPR and inauguration of the
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