President Bola Tinubu has approved the appointment of three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the redeployment of one current Executive Commissioner, pending their confirmation by the Nigerian Senate:
(1) Bashir Indabawa — NW — Executive Commissioner, Exploration & Acreage Management.
(2) Kelechi Ofoegbu — SE — Executive Commissioner, Corporate Services & Administration (Redeployed).… Read the rest
An Academic, Dr Yetunde Aladeitan has urged a comprehensive energy strategy that combines Compressed Natural Gas (CNG), improved refinery operations, and investment in renewable energy sources to address Nigeria’s energy challenges.
Aladeitan urged the Federal Government to consider the long-term sustainability and affordability of these energy solutions while addressing the concerns of the citizens.
Aladeitan, a Senior Lecturer, at the Department of Chemical Engineering, University of Abuja, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja.… Read the rest
The state of Nigeria’s pipelines and their vulnerability to physical and cyber attacks came under focus at a conference, organised by Energy and Corporate Africa, in collaboration with Pipeline Professionals’ Association of Nigeria (PLAN), in Abuja, yesterday.
At the event, stakeholders warned that the nation must prioritise pipeline technology amid growing crude oil theft and vandalism.
Participants included: the founder of OilServ, Emeka Okwuosa; Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonna Orji and Chief Executive Officer of Green Energy International Limited, Prof.… Read the rest
The Nigeria Liquefied Natural Gas Limited (NLNG), on Monday, stated that the ongoing construction of the $5 billion Train-7 project being undertaken at Finima, Bonny Island, Rivers State, was at 52 percent completion rate and currently engages 8,300 Nigerians.
This was revealed when the management of NLNG, led by its Managing Director, Dr. Philip Mshelbila, held an engagement session with Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, at the gas company’s operational base in Bonny Island.… Read the rest
The scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country.
The other affected states, according to findings by our correspondents are Katsina, Sokoto, Delta, Kaduna, and Kano.
The rise in the price of the commodity has been noticed since late last month, causing a continuous rise in prices, The PUNCH has learned.… Read the rest
Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), said he is holding the Nigerian National Petroleum Company Limited (NNPCL) accountable for the completion dates of the rehabilitation of Nigeria’s moribund refineries.
Mr Lokpobiri disclosed this while responding to the questions asked by the State House Correspondents at the end of the three-day retreat at the Presidential Villa.
When asked when the rehabilitation of the refineries will be completed, Mr Lokpobiri said: “Yes, the rehabilitation of the refineries if you could remember, was started by the previous administration and as part of the President’s directive, I have gone round all the refineries and from what they have briefed me, Port Harcourt has 3 phases, so Phase 1 will be ready by the end of this year.… Read the rest
The Nigerian National Petroleum Company Limited (NNPCL) may begin importation of 110, 000 barrels of crude oil per day from Venezuela or Saudi Arabia to operate the Kaduna Refinery due to come on stream next year.
Also, the Dangote, Bua and other refineries may be forced to import about 1.322 million barrels of crude oil per day amid oil production challenges in Nigeria, existing contracts on crude oil swap as well as other commercial issues.… Read the rest
Gas sector operators under the Nigerian Gas Association (NGA) have urged the Federal Government to streamline taxes and levies with new initiatives.
The group made the call during a courtesy visit to the Special Adviser to the President on Energy, Mrs. Olu Verheijen.
Led by its President, Akachukwu Nwokedi, the association also called for a review of the Petroleum Industry Act (PIA) provisions that impact the ease of doing business in the sector.… Read the rest
The Crude Oil Refineries-owners Association of Nigeria (CORAN) has lauded the move by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over what it described as a decision by the NUPRC to enforce domestic crude supply obligations which non-implementation has so far stifled some local refineries from optimizing production and making refined products available in the local market
NUPRC is the government body charged with the statutory responsibility of ensuring compliance with petroleum laws, regulations and guidelines in the Upstream Oil and Gas Sector.… Read the rest
The House of Representatives on Friday vowed to help the federal government to recover $20 billion unremitted revenues from the oil and gas sector. They also vow to legislate for energy security, professionalism in the petroleum sector, economic transformation, accountability, institutional reforms and revenue recovery and generation.
This is even as it promised to carry out a comprehensive audit of the Premium Motor Spirit (PMS) subsidy regime, adding that the early remittance of Federal revenues and recovery of unremitted revenues is part of what the Committee would focus on in the coming days.… Read the rest