Oil & Gas

PICTURE CAPTION L-R: Depot Manager, Asharami Synergy, Mayowa Ilesanmi; Head, Sahara Downstream Business, Foluso Sobanjo; Head, QHSSE, Asharami Synergy, Abiba Badmus, and Head, Technical, Asharami Synergy, Jeffery Egbadon, in Ikeja, Lagos Asharami Synergy Limited, a Sahara Group Downstream Company, says its investments in technology and innovative solutions were aimed at…

By Bassey Udo To deepen Nigeria’s gas revolution, NiPCO Gas Limited and Femadec Express have entered partnership to expand Nigeria’s natural gas-powered vehicles beyond the current 7,000 in the country. NIPCO Gas Limited is a subsidiary of NIPCO Plc with mandate to inaugurate gas Infrastructures to facilitate the use of…

By Bassey Udo The reimbursement of fuel marketers’ transportation differentials for petroleum products bridging is a priority to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the industry regulator said on Thursday. The agency was reacting to media reports by the Independent Petroleum Marketers Association of Nigeria (IPMAN) accusing…

By Bassey Udo The nation’s four refineries in Port Harcourt, Warri and Kaduna have not functioned because of the poor execution of the turnaround maintenance exercises and other factors over the years, the Group Managing Director/CEO, Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said. Kyari who was addressing…

MEDIATRACNET Nigerians should prepare for the worst fuel crisis ever in the country if the Federal Government fails to settle over N500 billion outstanding bridging claims to fuel marketers, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened. The Chairman of IPMAN in Kano State, Bashir Danmalam, who issued…

By Bassey Udo PICTURE CAPTION L-R: Minister of Energy,Benin Republic and Chairman, WAGPA, Dona Jean-Claude Houssou, with Minister of Energy, Ghana and former Chairman, WAGPA, Matthew Prempeh and Nigeria, s Minister of State for Petroleum Resources, Timipre Sylva, at WAGPA Committee of Ministers Meeting, at Transcorp Hilton, Abuja, on Tuesday…

By Bassey Udo The Nigerian National Petroleum Company Limited (NNPC) has said the return of fuel queues outsiding filling stations in Abuja and environs was as a result of the long public holidays to celebrate this year’s Muslim Ramadan. Residents of the Federal Capital Territory (FCT) and environs woke up…

By Bassey Udo Nigeria’s total national oil and gas reserves increased marginally in 2022 from the levels attained prior to the establishment and implementation of the Petroleum Industry Act 2021, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed. The Chief Executive Officer of the Commission, Gbenga Komolafe, said in…

PICTURE CAPTION L-R: Nigerian Society of Engineers (NSE) Chairman Bwari Branch, Halimat Adediran, with Minister of State Petroleum Resources, Timipre Sylva, NSE President, Tasius Sa’ad Gidari-Wudil and Deputy President, NSE, Margaret Oguntala, at the 2022 Annual Public Lecture, in Abuja on Thursday By Bassey Udo With proven gas reserves of…

By Bassey Udo The Federal Inland Revenue Service (FIRS) accounted for ₦13.48 trillion, or 48.12 percent of the total N28.02 trillion generated as revenue by four revenue agencies between 2017 and 2019, the latest Fiscal Allocation and Statutory Disbursement (FASD) report published by the Nigeria Extractive Industries Transparency Initiative (NEITI)…