The Independent Petroleum Marketers Association has said that the collapse of Nigeria’s refineries can be traced to the birth of private tank farms. Chairman of IPMAN in Rivers State, Dr. Joseph Obele, stated this when he appeared on a live Radio (93.7 Rhythm) programme monitored by our correspondent in PortRead More

The Nigerian National Petroleum Corporation (NNPC) has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy sources to Nigerians through aggressive activation of Compressed Natural Gas (CNG) refill stations for motorists across the country. Speaking on TVC Business Show, Business Nigeria Live, the GroupRead More

*Lists four legal instruments, bobby traps that must be repealed OpeOluwani Akintayo Lagos — Nigerian leading Energy Policy Analyst and immediate past Chairman, Society of Petroleum Engineers, SPE, Nigeria Council, Engineer Joe Nwakwue has picked holes in ministerial pronouncement on petrol subsidy removal, declaring that there are four legal instruments thatRead More

The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol, will be beneficial to Nigeria and Nigerians in the long run.   MOMAN’s Chairman, Mr Tunji Oyebanji made the assertion in a statement issued on Friday inRead More

The Federal Government said it will not reverse the new approach of selling petroleum according to prevailing global market as it does not bhave the financial capacity to subsidize the cost of premium motor spirit (PMS) otherwise known as petrol. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosedRead More

The Nigerian National Petroleum Corporation (NNPC) has obtained a prepayment funding of circa US$1b to support the upstream operations of its subsidiary, Nigerian Petroleum Development Company (NPDC). The crude oil prepayment has enabled NNPC to pay NPDC’s Tax obligations to the Federal Government of Nigeria, of circa US$700M with theRead More

TREXM Oil & Gas Services Nigeria Limited, an oil and gas services project delivery company, has unveiled its Flare Care Programme, an initiative launched in partnership with Baker Hughes General Electric (BHGE), to help customers control flare efficiency using an advanced process control algorithm. According to the firm, the move is InRead More

By Simon Ugwu 78 Youth in Sango Ota and other neighbouring towns have benefited from the West African Gas Pipeline Company Limited (WAPCo’s) Corporate Social Responsibility programme.   “WAPCo Community Youth Enterprise Scheme provides young persons in our host communities who have completed basic education but cannot pursue further studiesRead More

By Simon Ugwu  Nigerian Shipowners and vital Government agencies, particularly the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Content Development and Monitoring Board (NCDMB) got commendation on their visions and commitments towards creating conditions required to transform Nigeria into a truly shipping nation, as well as boost youths employment. SpeakingRead More

The Nigerian National Petroleum Corporation (NNPC) yesterday in Abuja defended it decision to award the contract for the protection of the 87-kilometre Trans Forcados Pipeline (TFP) to an indigenous firm, Ocean Marine Solutions (OMS). Recently, some Niger Delta youths from Ijaw, Isoko, Itsekiri and Urhobo had blocked the gate ofRead More