Oil and Gas

The Dangote refinery on Tuesday announced a further reduction in diesel price and aviation fuel to N940 and N980 per litre respectively. This ment comes a week after the company announced a reduction in the price of diesel from N1,200 to N1,000 per litre. Commending the company’s efforts last Wednesday, President Bola …

Africa’s leading digital payment and commerce company, Interswitch, has said it is pertinent for oil and gas businesses to leverage digital solutions to drive the growth and sustainability of the energy sector. The company made this known at the first edition of the Interswitch Energy Summit, held at the Oriental …

…Set to commence production Dangote Refinery (http://www.Dangote.com) appears set to commence production of refined petroleum products with the receipt of the sixth batch of the of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN …

In a groundbreaking statement today, Engineer Kelechi Onuigbo PhD., Head of Power division at PPC Limited and a leading expert in the field of Power systems, underscores the critical need for a sustainable approach to power generation. With a focus on both gas-based and diesel-based generation systems, Engineer Onuigbo emphasizes …

The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however, observed that after the removal of subsidy on petrol, following the pronouncement by President Bola Tinubu on …

The long awaited Dangote refinery set to be commissioned later this month has announced plan to produce 650,000 barrels of refined products per day. According to report, the commissioning would happen on May 22, 2023. The refinery is said to have been completed with pre-inauguration tests currently ongoing. The multi-billion-dollar …

PPPC Limited, Nigeria’s leading engineering and infrastructure development company, has reiterated its commitment to reducing carbon emission in Nigeria’s construction industry through the implementation of energy efficient initiatives in its building projects. The Head of Building Services Engineering (BSE) at PPC Limited, Mr Anand Kumar, made this known in Lagos …

Chinese multinational technology firm, Huawei Technologies, has revealed that it had developed an intelligent pipeline monitoring system to help tackle crude oil theft in Nigeria. This was disclosed by the Director of Huawei Nigeria Enterprise Business, Mr Li Wei, at a news briefing on the sidelines of the ongoing Nigerian International …

The Nigerian Economic Summit Group (NESG) has urged the government to adopt a gradual phase-out of the subsidy. It made the call in its 2022 NESG macroeconomic outlook titled ‘The last mile: Reforms towards significant improvement in national economic outcomes’. The NESG said, “There is a need to develop a …

Developing a social investment plan that utilizes proceeds from the oil and gas sector is critical to stimulating impactful growth across the African continent. This view was shared recently by Camillo Atampugre, the Director of Resources and Energy, Absa Securities, United Kingdom, while laying bare Absa Investment’s focus which aims …