The Delta State Government has opened talks with the Shell Petroleum Development Company, SPDC, on the return of the multinational oil conglomerate to Warri, which it fled, over 10 years ago,  citing insecurity in the oil city.

Governor Sheriff Oborevwori, who sealed a N78 billion contract for three flyover bridges, cloverleaf, and road expansion projects in Warri and  Effurun with construction giant, Julius Berger, last week, is behind the bold initiative.… Read the rest

In a recent development, fuel prices in Nigeria, particularly at filling stations operated by independent marketers, have surged beyond the official price bands approved by the Federal Government.

Premium Motor Spirit (PMS), commonly known as petrol, is now being sold at exorbitant rates, with some filling stations in the Northern region charging as high as N685 per liter.

This price hike follows the July increase in the pump price of petrol, which was raised from a range of N537 to N550 per litre to N617 per liter at filling stations run by the Nigerian National Petroleum Company Limited (NNPCL) in Abuja and several Northern states.… Read the rest

There was a minor fire outbreak on Friday afternoon at the Warri Refinery and Petrochemical Company Limited (WRPC), the Nigerian National Petroleum Company Limited (NNPCL) said.

The incident occurred at the refinery cooling tower, the oil company said in a statement Friday night.

“This afternoon, at about 15:02 hrs, there was a minor fire incident at the cooling tower of Warri Refinery and Petrochemical Company Limited (WRPC),” the NNPCL said.… Read the rest

The Nigerian National Petroleum Company Limited (NNPCL) has warned Nigerians against panic buying of petrol, saying it has enough product for the country.

The oil firm said this in a statement posted via its official X platform on Thursday.

The company said the sudden appearance of fuel queues in some parts of Lagos and a few other locations around the country was due to reduced depot load-outs in Apapa.… Read the rest

The Business and Property Court in London will on October 23 (tomorrow) deliver judgment in a case between the Federal Government of Nigeria and Process & Industrial Developments (P&ID) Limited.

This is coming as the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, has urged the bid winners for the Nigerian Gas Flare Commercialisation Programme (NGFCP), to hasten site development.… Read the rest

Authorities of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have been urged to prevail on Chevron Nigeria Limited (CNL) to include the oil-producing community of Aja-Omaetan in Warri North Local Council of Delta State in Chevron’s planned Host Community Development Trust Fund (HCDTF).

The request is contained in protest letters and pre-action notices written on behalf of the Aja-Omaetan community by their lawyer, Prof.… Read the rest

When the oil and gas-producing communities in the Niger Delta pointed out lacunas in some provisions of the Petroleum Industry Act, PIA, 2021 that gave the oil companies top-heavy power against the host communities, the Federal Government and National Assembly dismissed their fears.

Among the worrisome issues raised by stakeholders before and after the passage of the Act was the domineering authority given to the oil companies to set up the Host Community Development Trust Fund, HCDFT, which is to manage the three percent annual Operational Expenditure, OPEX, to affected oil communities.… Read the rest

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