The downstream petroleum and gas value chain will converge in Lagos from 23rd to 26th October for the 17th edition of the OTL Africa Downstream Energy Week, (“OTL Africa Downstream”). Organized in collaboration with the Nigerian Midstream and Downstream Petroleum Regulatory Authority and other strategic partners, the OTL Africa Downstream Energy Week encompasses end-to-end operations and services in midstream and downstream business, incorporating a strategic conference, showcase exhibition, and networking events.… Read the rest

The scarcity of Premium Motor Spirit (PMS), popular known as petrol, which again, resurfaced in some parts of the country, noticeably Abuja and Lagos, yesterday, may have further compounded the woes of Nigerians, who are currently battling lack of healthy diet due to rising inflation, forex challenges to do business, poor electricity supply amidst rising insecurity across Nigeria.

Indeed, yesterday in Abuja, Lagos, Benin, Osogbo, Ibadan and other cities, as monitored by The Guardian, the situation is fast becoming worse amidst the current administration’s poorly planned subsidy removal as most fuel stations were shut.… Read the rest

The Petroleum Training Institute (PTI) has said that it is working with the Nigerian National Petroleum Company Research, Technology and Innovation Division (NNPC RTI) to develop Compressed Natural Gas (CNG) conversion technology for automobiles and commercial tricycles.

PTI explained that the technology would not only hasten conversion of tricycle from petrol powered but also improve the efficiency of CNG automobile and tricycles.… Read the rest