Author Archives: steph

Fuel scarcity abates in Lagos, persists in PH, Kano, others

  Residents of Lagos and Abuja have begun heaving sighs of relief from the recent fuel scarcity, leaving people in Imo, Enugu, Port Harcourt, Kano and other parts of the country longing for similar respite, The Guardian reports.   Although some filling stations in both cities were yet to restart sales, many now have the […]

50 vessels of petrol have arrived Nigeria’s ports – IPMAN

  The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo has said that a total of 50 Vessels carrying petrol have berthed at Nigerian ports.   Addressing newsmen at the National Assembly, Okoronkwo said the vessels when cleared would help ease the fuel scarcity across the country. He, however said the […]

NNPC issues rare petrol import tender to stave off shortages

  In a sign that the scarcity of petrol in Nigeria could be more widespread than first thought, state-owned NNPC has issued a spot tender seeking 1,480,000 mt of petrol from January to April, on top of the existing term volumes it imports, Platts reports.   Nigeria imports around 1 million-1.25 million mt/month of petrol […]

Total vehemently denies bribery allegations in support vessels’ bids

  Following a petition from the Indigenous Vessels Operators Association of Nigeria to the Senate Committee on Local Content, Total Upstream Nigeria Limited (TUPNI) and National Petroleum Investment Management Services (NAPIMS) attended a meeting with the Senate Committee on Local Content on the 9th of January at which TUPNI and NAPIMS provided clarification on an […]

Homeland receives 4th patrol vessel from Damen to help secure oil firms in Nigerian waters

  Homeland Integrated Offshore Services Ltd (Homeland) of Lagos, Nigeria, has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields in the Gulf of Guinea. This takes the total delivered vessels/Guardians since the first arrived in early 2014 to four. Guardian 4 has joined its three sister ships in […]

NNPC assures of adequate petrol supply as queues resurface

  The Nigerian National Petroleum Corporation (NNPC) wishes to enjoin motorists in Abuja, its environs and other parts of the Country not to engage in any panic buying of petroleum products.   NNPC assures motorists that the Corporation has robust stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more […]

Works have begun on freshly damaged pipeline, gas supply to resume today – NNPC

  The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has directed that repair works should be executed immediately on the Escarvos to Lagos Pipeline (ELP) ruptured by an explosion today along Egbokodo-Omadino, in Warri South Local Government Area of Delta State to restore supplies from Escravos.   Dr. Baru further directed […]

Illegal refineries’ thrive in N’ Delta amid FG’s delay on modular refineries

  Illegal refining of crude oil in the Niger Delta region may continue longer than anticipated due to the failure of the Federal Government to unveil solutions it earlier promised to stop the menace, The Guardian reports.   The Government had said it would build modular refineries in the region in order to engage jobless […]

Obaseki signs 5,500bpd Edo modular refinery deal with Sinopec, others

  The Governor of Edo State, Mr. Godwin Obaseki, on Wednesday in China, signed a Memorandum of Understanding (MoU) with a Chinese consortium for a 5,500 barrel per day modular refinery in Edo State, Vanguard reports.   The Chinese consortium that will handle the modular refinery is made up of Peiyang Chemical Equipment Company of […]

Nigeria’s Oil Production Hits 2.25mbd As 254 Firms Submit Bids for 2018/2019 Term Contracts

Abuja — Nigeria’s daily crude oil production with condensates has increased to 2.25 million barrels per day (mbd), but with crude oil production alone standing at 1.8mbd, while condensates are 450,000 barrels per day (bd), the Nigerian National Petroleum Corporation (NNPC) has disclosed. The NNPC also disclosed on Tuesday in Abuja that it had received […]