Petrocam International ‘s plan to build a 400,000 barrels per day (bpd) refinery will hasten Nigeria’s quest for improved locally refined products. Also, the firm is contemplating off-grid solutions to improve power supply. The South African-based oil trading giant is investing in the refinery to improve fuel supply for domestic consumption which is put at…
The Chief Executive Officer, Seplat Petroleum Development Company Plc, Mr Austin Avuru, in his keynote speech at the on-going annual conference and exhibition of the Nigerian Association of Petroleum Explorationists in Lagos noted that the country must effectively utilize its gas resources if it is to achieve sustainable economic growth. Avuru said, “With prices going…
Over 90 per cent of Nigerian homes do not have Liquefied Petroleum Gas (LPG) cylinders, thus exposing them to health hazards characterising the use of dirty cooking fuels like kerosene, wood, among others. Out of the 30 million homes in Nigeria, only three million LPG (cooking gas) cylinders. The Nigeria LPGas Association disclosed this in…
• Contributes N338.12bn to NDDC within 15 years Out of the over N41 billion disbursed for community projects in the Niger Delta, about N15 billion went to Rivers State under the Global Memorandum of Understanding, the Shell Petroleum Development Company of Nigeria Limited (SPDC) has said. “Between 2006 and end of 2017, a total of N14.86…
The Nigeria National Petroleum Corporation (NNPC) says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new phase of exploration. The operators have been grappling with funding challenges which has cut down investment in oil exploration. Dr Maikanti Baru, the Group Managing…
A report by the Financial Times Thursday stated that the 650,000 barrels of oil per day refinery plant currently being built by Dangote Group in Lagos, and set for inauguration in 2020, would likely produce more fuel than what Nigeria needs and send the dilapidated refineries of the Nigerian National Petroleum Corporation (NNPC) packing. On…
Renowned poet and winner of the 2017 NLNG Prize for Literature, Ikeogu Oke, has died. Oke was said to have died in Abuja last Saturday night after an undisclosed ailment. The poet gained nationwide fame last year when he won the 2017 Nigeria Prize for Literature for his book, The Heresiad, a book of epic poetry….
Petrocam Trading Nigeria Limited, a player in the country’s downstream sub-sector, has unveiled its seventh solar-powered filling station in Lagos. Before its move into the downstream space, the company’s major focus was the importation of refined petroleum products such as petrol, diesel, kerosene, naphtha, lubricants and greases into Nigeria. The solar-powered filling station at Epe…
As Nigeria prepares to witness a new era of large-scale rural electrification to satisfy the demand of over 90 million Nigerians, who currently lack access to electricity, a platform comprising of mini-grid developers called Africa Mini-Grid Developers Association (AMDA) Nigeria has been launched in Abuja. The Association is a group of organizations and individuals committed…
• Nigeria’s present gas figure conservative, insists NAPE The Nigerian Association of Petroleum Explorationists (NAPE) says current legislations governing operations in the country’s oil and gas industry do not encourage investments in deep offshore projects. The association noted that with the degree of risks, pressure, temperature and costing associated with deep offshore projects, the provisions…
