Monthly Archives: January 2018

NLPGA to partner regulatory agencies on safety as DPR probes Lagos gas explosion

  The Nigeria Liquefied Petroleum Gas Association (NLPGA), the umbrella body for the LPG industry in Nigeria, is collaborating with government regulatory agencies to prevent the incidence of explosion in gas plants across the country. Besides, the Department of Petroleum Resources (DPR), said it has commenced an inquest into the fire incident that claimed two […]

Oil prices rise attracting foreign investors, says Afrinvest

The upturn in commodity prices, impressive performance in the oil sector, and adoption of pro-market forex reforms by the Central Bank of Nigeria (CBN) have made Nigeria’s financial market attractive to investors, Afrinvest (West Africa) Limited has said.   Speaking during the release of its 2018 Outlook for the Nigerian Economy and Financial Market in […]

Senate raises alarm over NNPC’s alleged N42b illegal account

The Senate has indicted the Nigeria National Petroleum Corporation (NNPC) of allegedly operating a N42. 005 billion illegal account. The account, according to Senator Dino Melaye, (APC Kogi West), who raised the alarm through a point of order is being operated by NNPC and some expatriates in the oil industry under the name of a […]

New vessels arrive Apapa as petrol scarcity persists

As motorists and other users of petrol struggled to get the product at filling stations in Lagos, Ogun, Kaduna and Nasarawa states as well as the Federal Capital Territory on Monday, it was gathered that new vessels conveying the product arrived Apapa in Lagos, The Punch reports.   Many filling stations were shut in the […]

$3.3bn Egina oilfield FPSO to arrive Nigeria today

There are indications that Nigeria’s oil and gas industry is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) vessel for the 200,000 barrels per day capacity Egina deepwater oilfield will arrive Nigeria from South Korea on Tuesday (today).   The FPSO, which was built by Samsung Heavy Industries (SHI), […]

Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area

  Gunmen have kidnapped five oil workers of Nigerian energy firm Sahara Energy Oil Company in the southern oil-rich Delta state, hours after the most notorious militant group had warned of imminent attacks on Nigeria’s oil infrastructure, local media report.   Suspected gunmen abducted the workers on Wednesday on the border between the states of […]

Apapa tank farms need truck loading bays – NARTO

  The Nigerian Association of Road Transport Owners (NARTO) has blamed the persistent gridlock in the Apapa area of Lagos on lack of truck loading/parking bays for the 60 tank farms in the area, The Punch reports.   The Executive Secretary of the association, Mr. Aloga Ogbogbo, was quoted in a report by Shipping Position […]