NNPC Ltd., has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery. The four cargoes are expected to increase total supply to about one billion barrels of crude as six million barrels have already been delivered to the plant. This, according to Reuters will […]
Tag: Petroleum
The minister stressed the imperative of collective efforts in curbing pipeline vandalization and oil theft. Nigeria’s Minister for State, Petroleum Resources (Oil), Heineken Lokpobiri, says the government has strengthened collaboration with traditional rulers in Bayelsa State in a bid to address persistent challenges in the country’s oil sector. Nneamaka Okafor, the special adviser on media […]
Plans are in top gear to start oil refining operations at the 650,000 barrels per day Lagos-based Dangote Petroleum Refinery as the company on Thursday, received the fifth crude oil shipment of one million barrels of Bonny Light grade supplied by the Nigerian National Petroleum Company Limited (NNPCL). Dangote Group announced the fifth crude shipment […]
Luanda — The first gold refinery in Angola, which is being built in the Viana Industrial Park in Luanda, will be completed later this year (2024), the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said on Wednesday. The infrastructure, whose first stone was laid in June 2022, is the result of the Angolan […]
The Nigerian National Petroleum Company (NNPC) Limited, yesterday, said it has recorded 112 incidences of crude oil theft in the Niger Delta. In a documentary obtained from its X handle, the company disclosed that the incidents were recorded between December 23, 2023 and December 29, 2023. NNPC Ltd., stated: “In the past week, 42 illegal […]
Dangote Refinery has received its fourth shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company (NNPC) Limited. In a statement released on Sunday, Dangote Oil Refining Company expressed expectations of receiving the fifth shipment soon. “The preparations for the commencement of production at Dangote Refinery are in full […]
The $19 billion Dangote Refinery, yesterday, took delivery of one million barrels of crude oil, thus increasing total deliveries to about three million barrels while boosting hopes of ending the importation of petroleum products and associated foreign exchange burden on the currently being discharged into the company’s facility, came from Shell International Trading and Shipping […]
Yaounde, Cameroon — Central Africa has, for months, been plagued with acute fuel shortages that have stifled regional economic growth, disrupted local businesses, and contributed to rising food prices and social unrest. The shortages are partly blamed on increased demand coupled with disruptions in supply, and on illegal trade in conflict zones. Officials in several […]
Uganda has extended an oil exploration licence to Nigeria’s Oranto Petroleum Ltd. by two years after the company asked for compensation for time lost during the COVID-19 pandemic. The permit had been due to expire December 29, and was initially granted to scour the Ngassa Shallow and Deep areas in the western Hoima and Kikuube […]
The commander of the Liberia National Police Totota Detail, Moufee Jabateh, was one of those who were caught up in the tragic gasoline tanker blast that took place in Totota, Bong County on Tuesday, December 26. Also among those affected by the explosion was the commander of the Community Watch Forum of the area, Korvah […]
The death toll from the recent gas tanker explosion in Totota, Lower Bong County, has risen to over 40, according to Liberia’s Chief Medical Officer and Deputy Minister for Health Services, Dr. Francis Kateh. The incident occurred when the gas tanker reportedly fell off the road and caught fire late Tuesday evening. Tragically, citizens had […]
No fewer than 20 persons were feared dead following an explosion from a vandalised oil pipeline in Omoku, Ogba/Egebema/Ndoni Local Government Area of Rivers State. It was gathered that the incident occurred on Sunday morning, after the youths allegedly broke a pipeline belonging to one of the multinational oil firms operating in the areas. They […]
The news that a section of the Port Harcourt Refinery is set to commence operation after the Christmas holidays came to many Nigerians as a ray of hope. For many years, the three major refineries in the country have remained moribund. The indication that the Port Harcourt Refinery will begin operation is no doubt the […]
14 Host communities to the Nigeria Exploration Petroleum Limited, (NEPL) and NECONDE Energy Limited in Delta state, have called on the federal government to revoke the licences of the two companies operating the OML 42, over perceived refusal to implement the Petroleum Industry Act, (PIA) and other issues as it relates to the local content […]
P&ID had little or nothing to show as track record of work executed in the gas sector to merit a project of that scale. Nigeria on Wednesday got a hard-won relief from a thorny lawsuit against it by Process and Industrial Developments (P&ID), a company registered in the British Virgin Islands. The case had ground […]
The African oil producer refused to accept the production cuts imposed by OPEC, saying its membership in the oil cartel was no longer benefiting the country. Angola on Thursday said it was leaving the Organization of the Petroleum Exporting Countries (OPEC) over a disagreement about oil production quotas. The decision comes after the oil cartel […]
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Angola Quits OPEC
In a stunning development, Angola has announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC), effective immediately. This unexpected move throws a wrench into the oil cartel’s plans and sends shockwaves through global markets. Angola, a member of OPEC since 2007, cited dissatisfaction with the organization’s policies as the driving force […]
Oil theft and its negative impact on the country’s economy have been a source of concern to the Nigerian government over the years. The Chief of Defence of Staff, Christopher Musa, has given the reason why the Nigerian military has been unable to permanently end oil bunkering and theft in the Niger Delta region. Mr […]