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Category : oil-and-gas:Oil and Gas

IPMAN Threatens Nationwide Strike Over N100bn Unpaid Bridging Claims, Petrol Scarcity Looms
energy news Oil and Gas oil-and-gas:Oil and Gas

IPMAN Threatens Nationwide Strike Over N100bn Unpaid Bridging Claims, Petrol

February 24, 2025

Nigerians may face petrol shortages in the coming days as the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened a nationwide strike over unpaid bridging claims amounting to N100 billion. The association announced this plan during a press briefing in Abuja on Monday, issuing a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum […]Read More

Dangote Refinery Refutes NNPC’s $1 Billion Loan Claim
energy news Oil and Gas oil-and-gas:Oil and Gas

Dangote Refinery Refutes NNPC’s $1 Billion Loan Claim

December 18, 2024

Dangote Refinery has addressed the recent claim by the Nigerian National Petroleum Company (NNPC) Limited regarding a $1 billion loan backed by crude, reportedly secured to support the refinery during liquidity challenges. In a statement signed by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, Dangote Refinery refutes NNPC $1 billion loan […]Read More

Libya Oil Output Rises to 1.3 Million Bpd
Oil and Gas oil-and-gas:Oil and Gas

Libya Oil Output Rises to 1.3 Million Bpd

October 14, 2024

Libya’s crude oil production has recovered to 1.3 million barrels daily, the National Oil Corporation has reported, following the resolution of a political dispute over the appointment of a new governor to the nation’s central bank. “Efforts are still ongoing to increase production levels,” NOC also said. Crude production at most Libyan oilfields was suspended […]Read More

Nigeria Pushes for $10 Billion Investment with New Gas Policy Framework
energy offshore Oil and Gas oil-and-gas:Oil and Gas oil-and-gas~offshore|oil-and-gas:Oil and Gas

Nigeria Pushes for $10 Billion Investment with New Gas Policy

October 4, 2024

Nigeria is advancing with a new policy framework aimed at revitalising its natural gas sector, seeking to attract up to $10 billion in investment. The proposed measures offer tax incentives to entice both local and international investors to tap into the country’s deep-water gas reserves. The framework, already approved by the Federal Executive Council, is […]Read More

UNGA79: FG hails ExxonMobil’s $10bn deep-water investment plan In Nigeria
energy Oil and Gas oil-and-gas:Oil and Gas

UNGA79: FG hails ExxonMobil’s $10bn deep-water investment plan In Nigeria

September 26, 2024

The Federal Government, through Vice President Kashim Shettima, has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is coming just as the international maritime giant, DP World, has announced plans to develop a multibillion-dollar port project in […]Read More

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to 45% for Energy Security
energy Oil and Gas oil-and-gas:Oil and Gas power renewables

PENGASSAN Urges FG to Raise Stake in Dangote Refinery to

September 25, 2024

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government, through the Nigerian National Petroleum Company (NNPC) Limited, to increase its stake in the Dangote Refinery to 45% in order to enhance the nation’s energy security. Festus Osifo, the President of PENGASSAN, made this statement on Tuesday during the […]Read More

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol
energy Oil and Gas oil-and-gas:Oil and Gas

NNPC Confirmed as Sole Buyer of Dangote Refinery Petrol

September 16, 2024

Despite recent claims by the Nigerian National Petroleum Company Limited (NNPC) that it is not the sole offtaker of refined petrol from the Dangote Refinery, Finance Minister Wale Edun has stated otherwise, affirming that the NNPC will be the only purchaser of the refinery’s petrol output. On Sunday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, […]Read More

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