Dare Olawin
Marketers, oil firms sign deal to build 50,000bpd refinery
Nigeria’s effort to boost its refining capacity seems to be paying off, as petroleum product retailers signed a deal with three oil companies to establish a 50,000 barrels per day capacity refinery....
10th January 2025
N100bn grant: PETROAN denies seeking ‘free money’ from FG
The Petroleum Product Retail Outlet Owners Association of Nigeria has clarified that the N100bn grant it requested from President Bola Tinubu is a loan and not free money. The PUNCH recalls PETROAN re...
9th January 2025
Why some stations sell petrol above N1,000/litre — Marketers
Marketers of petroleum products say filling stations still sell Premium Motor Spirit, otherwise called petrol, above N1,000 per litre because they have yet to sell out the old stock. According to them...
9th January 2025
Nigerian Breweries, varsities get permits to generate electricity
Amid the high cost of electricity and incessant power fluctuations, Nigerian Breweries Plc has got approval to generate captive power in its offices located in Abia, Oyo, and Enugu states. Cumulativel...
9th January 2025
Oando gets new board chairman as Alake resigns
Oando PLC has announced the appointment of Mr. Ademola Akinrele, a Senior Advocate of Nigeria, as the Chairman of the Board, effective immediately following the conclusion of its Annual General Meetin...
9th January 2025
OPEC oil production dipped in December – Report
The Organisation of the Petroleum Exporting Countries’ crude production dipped in December as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil market...
9th January 2025
Midoil refinery tasks contractors on project specifications
As the Midoil Refining and Petrochemicals Company Limited hands over the site to contractors, the company has urged them to adhere to the agreements signed. The executive chairman of the company, Mrs....
9th January 2025
Firm promotes energy efficiency with solar-powered homes
The Chief Executive Officer of Luxury Prime Properties, Samuel Eze, says the firm is committed to delivering more solar-powered homes to promote energy efficiency and sustainability. According to a st...
9th January 2025
Consumers condemn two-week planned power outage in Abuja
Electricity consumers in the Federal Capital Territory, Abuja have condemned plans by the Transmission Company of Nigeria and the Abuja Electricity Distribution Company to keep them in darkness for tw...
8th January 2025
Group decries drug abuse, calls for community action
The Neo Black Movement of Africa, Remo Zone, has renewed its commitment to addressing the scourge of drug abuse among youths. Speaking at the 2024 Annual Public Lecture and Anniversary, held in Remo, ...
7th January 2025
How govt raised oil production to 1.8mbpd – Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed how the Federal Government attracted foreign investors to boost oil production to 1.8 million barrels per day. Fr...
7th January 2025
IKEDC decries vandalism, prosecutes two for energy theft
Ikeja Electric has decried the increasing rate of vandalism within its network. The company disclosed that the persistent damage to its infrastructure is hindering its ability to deliver reliable powe...
7th January 2025
Retailers begin loading from P’Harcourt refinery this week – PETROAN
Barring any last-minute change in plans, marketers and retailers of petroleum products will start lifting Premium Motor Spirit (petrol) from the Port Harcourt Refining Company this week. The Publicity...
6th January 2025
Oil firms, Dangote sign deal for affordable petrol supply
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium Motor Spirit (petro) in Nigeria. The Dangote refinery in a statement on Th...
3rd January 2025
NGA rebrands for energy sustainability
The Nigerian Gas Association, one of the apex bodies for the gas industry in Nigeria, has unveiled a new logo, promising future energy sustainability as it marked its silver jubilee. At a recent event...
2nd January 2025
Midoil signs MoU with contractors, host community
Midoil Refining and Petrochemicals Company Limited says it has signed relevant documents with communities, filing an agreement with the state government to ensure peace at the site. In a statement on ...
2nd January 2025
FCCPC petitioned over DisCos’ failure to replace obsolete meters
A customer of the Ikeja Electricity Distribution Company, Associate Professor Tunde Akanni, has written a petition to the vice chairman of the Federal Competition and Consumer Protection Commission ov...
2nd January 2025
Asharami Synergy donates furniture to Lagos school
Asharami Synergy, a downstream energy solutions provider, has donated essential furniture to Gaskiya Junior School in Ijora, Lagos State, Nigeria. In a statement made available to our correspondent,...
2nd January 2025
170 graduates benefit from Shell internship programme
A total of 170 young graduates have benefitted from the NCDMB/PETAN/SPDC JV Graduate Internship programme, in which they were attached to indigenous technical oilfield service companies in the upstrea...
2nd January 2025
Dashed hopes: How local refineries fail to curtail rising petrol prices
Petrol has become unaffordable to ordinary Nigerians despite the availability of two facilities refining the nation’s crude oil. This has spiked inflation, making life difficult for the citizenry wh...
31st December 2024
NNPC introduces technology to track oil output
The Nigerian National Petroleum Company Limited says it has introduced the Production Monitoring Command Centre to track oil and gas production, saying it was a transformative step in hydrocarbon oper...
26th December 2024
Kaduna Disco pledges to replace obsolete meters
Kaduna Electricity Distribution Company says it would replace obsolete and faulty meters free of charge. The company announced its readiness to begin the installation of 5,608 meters for customers on ...
26th December 2024
Firm trains youths in oil safety practices
The Hybrid Group, a health, safety, and environment company, says it has trained 15 youths on safety in oil and gas and other sectors of the economy. In a statement, it was disclosed that the 15 young...
26th December 2024
Oando raises oil production to 30,000bpd after Agip acquisition
Oando Plc says its oil production has grown by 40 per cent since it acquired the Nigerian Agip Oil Company. Oando, in a statement announcing its unaudited report for the nine months ended September 30...
26th December 2024
Egbin Power supports communities with free medical services
Egbin Power says it is committed to ensuring healthy lives and well-being of its host communities through its annual medical outreach, which aligns with the United Nations Sustainable Development Goal...
26th December 2024
Lekki residents protest epileptic power supply
Residents of Lekki Conservation Estate, Lagos State, protested on Saturday against what they described as an epileptic power supply in the area, stating that the development has continued to affect fa...
21st December 2024
Bid round: NNPCL loses as TotalEnergies, others win oil blocks
The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as w...
19th December 2024
TotalEnergies, MRS, others win 2024 oil licensing bid round
Winners have emerged in the ongoing 2024 oil licensing bid round. The winners emerged at the licensing round commercial bid conference held in Lagos on Wednesday. SIFAX & RoyalGate Consortium won ...
18th December 2024
JUST IN: NUPRC announces 2025 oil licensing bid round
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has announced that there will be another oil licensing bid round in 2025. Komolafe made this statement on...
18th December 2024
Nation in darkness: Serial grid collapse, huge debts, vandalism hinder Tinubu’s 15,000MW target
Electricity woes in Nigeria became compounded, especially in the last quarter of 2024, hampering President Bola Tinubu’s 15,000 megawatts target in four years. DARE OLAWIN explores how mounting debt...
17th December 2024
Dangote refinery extends export to three African countries
The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devak...
16th December 2024