Tag: Petroleum

Tinubu Approves Presidential Taskforce On Petroleum Sector Reforms
March 13, 2026 No Responses

Tinubu Approves Presidential Taskforce On Petroleum Sector Reforms

President Bola Ahmed Tinubu has approved the establishment of a Presidential Petroleum Reform and Value Optimisation Taskforce to design and coordinate the next phase of structural reforms in Nigeria’s petroleum sector.The President appointed Fola Adeola, co-founder of Guaranty Trust Bank...
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NUPRC Oversees Olo Trust Handover To Aradel
February 28, 2026 No Responses

NUPRC Oversees Olo Trust Handover To Aradel

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presided over the formal handover of the Olo Oilfield Host Community Development Trust (HCDT) from TotalEnergies to Aradel Holdings Plc, marking a significant milestone in the implementation of ...
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NUPRC issues 28 Permits For Flare Gas Utilisation, Projects $2b Investments, 100,000 jobs
December 12, 2025 No Responses

NUPRC issues 28 Permits For Flare Gas Utilisation, Projects $2b Investments, 100,000 jobs

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued Permits to Access Flare Gas to 28 successful awardees under the Nigerian Gas Flare Commercialisation Programme (NGFCP), marking a pivotal shift from environmental liability to economic op...
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Dangote Petroleum Visits NNPC GCEO, Ojulari
May 9, 2025 No Responses

Dangote Petroleum Visits NNPC GCEO, Ojulari

The Group Chief Executive Officer, Nigeria National Petroleum Corporation Limited (NNPC Ltd), Mr. Bashir Bayo Ojulari, on Thursday,  received a delegation from the Dangote Petroleum Refinery & Petrochemicals (DPRP), led by the President/CEO of th...
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SERAP To NNPCL: Account For N825b, $2.5b For Refinery Repairs
January 6, 2025 No Responses

SERAP To NNPCL: Account For N825b, $2.5b For Refinery Repairs

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari to “account for and explain the whereabouts of the alleged missing N825bn and $2.5...
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NGF Seeks Safer Transportation Of Petroleum Products
April 29, 2024 No Responses

NGF Seeks Safer Transportation Of Petroleum Products

Discussions are advancing among the 36 state governors and strategic federal agencies in the oil and gas industry over the adoption of safer methods of transportation of petroleum products across the country, the Nigerian Governors Forum (NGF) disclosed on Sun...
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Again, Dangote Crashes Diesel Price
April 17, 2024 No Responses

Again, Dangote Crashes Diesel Price

Dangote Petroleum Refinery, on Tuesday, announced a further reduction of the price of diesel from N1,200 to N1,000 per litre. While rolling out the products, recently, the refinery supplied at a reduced price of N1,200 per litre, representing over 30 per cen...
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NARTO Suspends Strike
February 21, 2024 No Responses

NARTO Suspends Strike

The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. National President of NARTO, Othman Yusuf, directed members to immediately resume petroleum loading activities after a meeting held in Abuja. The meeting was...
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Tanker Drivers Begin Strike
February 19, 2024 No Responses

Tanker Drivers Begin Strike

The Petroleum Tanker Drivers arm of the Nigerian Association of Road Transport Owners (NARTO) has directed all its members to withdraw their petroleum trucks from product-loading activities starting Monday, February 19, 2024. The development follows the associ...
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NCDMB Boss Warns Against Tinkering With Petroleum Industry Act
October 26, 2023 No Responses

NCDMB Boss Warns Against Tinkering With Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021 could kill the confidence of investors and stal...
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Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery
August 26, 2023 No Responses

Minister Reiterates FG’s Commitment To End Petroleum Importation, Inspects Port Harcourt Refinery

The Nigerian Government on Friday, reiterated its commitment to end petroleum product importation soon, adding that efforts are being redoubled to restore the nation’s local refining capacity. This was made known by the Minister of State for Petroleum Resour...
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Shell Unveils $56.13m For Host Communities
May 25, 2023 No Responses

Shell Unveils $56.13m For Host Communities

The Shell Petroleum Development Company, operator of the SPDC joint venture has unveiled eight Host Community Development Trusts in Bayelsa State, a critical step for unlocking the $56million earmarked for development in line with the provisions of the Petrole...
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NPA Receives 17 Ships Laden With Petroleum Products, Frozen Fish, Others
April 20, 2023 No Responses

NPA Receives 17 Ships Laden With Petroleum Products, Frozen Fish, Others

The Nigerian Ports Authority (NPA) on Wednesday said 17 ships at the Lagos Port Complex were discharging petroleum products and other items. NPA listed other items being discharged as general cargo, container, bulk urea, bulk wheat, bulk sugar, bulk salt,...
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Shell Lifts Force Majeure On Bonny Light Crude Exports
March 16, 2023 No Responses

Shell Lifts Force Majeure On Bonny Light Crude Exports

The Shell Petroleum Development Company of Nigeria Ltd., (SPDC), operator of the SPDC joint venture, has lifted the force majeure on Bonny export programme with effect from March 15, 2023. Mrs Bola Essien-Nelson, the Media Relations Manager of SPDC, confirmed....
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