Nigeria’s refineries shut for 15 straight months, lose N152.08bn

Nigeria’s refineries shut for 15 straight months, lose N152.08bn

The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from the Nigerian National Petroleum Corporation have shown. Analysis of data collated from NNPC monthly reports revealed that all the refineries did not refine crude oil from July 2019 to September 2020. The refineries, which are located…

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National Assembly will pass PIB this year – Senate President

National Assembly will pass PIB this year – Senate President

Senate President Ahmad Lawan, has said the lawmakers will pass the Petroleum Industry Bill (PIB) this year, noting that it’s a promise to Nigerians. Lawan who spoke on Monday at a two-day public hearing on the PIB at the National Assembly, said any further delay in the passage of the Petroleum Industry Bill (PIB) will…

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Oil demand to decline in Q1 – Fitch Ratings

Oil demand to decline in Q1 – Fitch Ratings

The production policies of the non-member countries of the Organisation of Petroleum Exporting Countries (OPEC+) and pandemic’s path will continue to drive global oil prices in the year and result in global oil demand declining marginally in the first quarter (Q1) of 2021, as many regions, including many European countries, re-introduce mobility restrictions, global rating…

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SEPLAT appoints MD for ANOH Gas subsidiary

SEPLAT appoints MD for ANOH Gas subsidiary

Seplat Petroleum Development Company Plc has appointed Mr Okechukwu Mba as the Managing Director of ANOH Gas Processing Company (AGPC) Limited. It is the Incorporated Joint Venture (IJV) between Seplat and the Nigerian Gas Company; ANOH is a wholly-owned subsidiary of Nigerian National Petroleum Corporation (“NNPC”) and processes gas from OML 53 for distribution to…

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FG expecting PIB passage by National Assembly in April – Minister

FG expecting PIB passage by National Assembly in April – Minister

The Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Thursday. Sylva said this on the side-lines of the groundbreaking and foundation laying ceremony of the headquarters building of the Department of Petroleum…

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DPR approves intrusion detection pipeline technology for Nigeria’s oil & gas sector

DPR approves intrusion detection pipeline technology for Nigeria’s oil & gas sector

Nigeria’s Department of Petroleum Resources has approved the use of intrusion detection pipeline technology in the domestic oil and gas sector. The Safepipe and Retrofit technology will help identify and manage external corrosion, leaks and other interferences, following technical evaluation and fitness checking of the technology by approval officers. According to Mohammed Abdulkarim, Director of…

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Dutch court set to rule on Shell’s Nigeria oil spills

Dutch court set to rule on Shell’s Nigeria oil spills

A Dutch appeals court on Friday will decide whether Royal Dutch Shell is responsible for damage caused by oil spills in the Niger Delta, in a ruling which could pave the way for more cases against the energy company. A lower court in The Hague in 2013 said Shell’s Nigerian subsidiary SPDC was responsible for…

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PPMC generated N1.9trn from petrol sales in twelve months – NNPC

PPMC generated N1.9trn from petrol sales in twelve months – NNPC

Nigerian National Petroleum Corporation (NNPC) yesterday announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), generated N1.95 trillion from the sale of petroleum products from October 2019 to October 2020. Of the amount, Premium Motor Spirit (PMS) also known as petrol accounting for about 99.07 per cent of the total sales with a…

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Tenaris supplies coated pipes and ancillary services for Total’s Ikike project off Nigeria

Tenaris supplies coated pipes and ancillary services for Total’s Ikike project off Nigeria

Tenaris has delivered its final shipment of coated pipes for Total’s ultra-fast track Ikike Project, located approximately 20km offshore the Nigerian Coast, in the Gulf of Guinea. The scope included 28km of 12” seamless line pipe, produced at Tenaris’ Dalmine plant in Italy, associated coating solutions for anticorrosion (3LPE), thermal insulation coating, TenCoatTM Marine 5LSynt…

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