Petroleum | Page 3 of 9 | African News Today

26Oct

By Mary UgwuanyiNo Comments

News, Nigeria, Petroleum

Why Petrol Queues Have Returned – FG

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, yesterday confirmed the existence of commercial stocks across the country, despite motorists queuing up for petrol in some cities. Farouk Ahmed, Chief Executive Officer, NMDPRA, while stating this, asked Nigerians to desist from panic-buying of petrol. Ahmed said he was optimistic that the queues being experienced would soon disappear as the marketers and NNPC have confirmed that there are adequate stocks to sustain the public. The NMDPRA boss said, “I spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock. I have directed them to start evacuating the product immediately to filling stations. “NNPC has also confirmed sufficiency and they have commenced ev...

Five Barrels of Crude Oil Discharged into Rivers Environs, Shell Reveals

15Aug

By Osaretin BalogbanNo Comments

Environment, News, Nigeria, Petroleum

Five Barrels of Crude Oil Discharged into Rivers Environs, Shell Reveals

The Shell Petroleum Development Company of Nigeria (SPDC) Limited revealed that five barrels of crude oil were discharged into environments of the Bodo community in Gokana Local Government Area, Rivers State. The National Oil Spill Detection and Response Agency (NOSDRA) Rivers State Ministry of Environment, SPDC, and the host community signed a Joint Investigation (JIV) report that disclosed the development. See Also: Reactions as Asa performs “Fire on The Mountain” at The Unveiling of NNPC LTD According to the report, Shell’s Trans Niger Pipeline discharged residue containing 98% water and 2% crude amounting to five barrels as the Trans Niger Pipeline was flushed. A representative of SPDC, Micheal Adande said the spill's impact was minimal as the Trans Niger Pipeline has ...

Port Harcourt Refinery to Begin Production in 2023

24Jul

By Osaretin BalogbanNo Comments

Infrastructure, News, Nigeria, Petroleum

Port Harcourt Refinery to Begin Production in 2023

The old Port Harcourt Refinery is about to be restored to refine 60,000 barrels per day (BPD), with which production will begin in the first quarter of 2023. Ahmed Dikko, The Managing Director of the Port Harcourt Refining Company Limited, announced the new development when the House of Representatives Ad-Hoc Committee visited the refinery to assess the 1.5 billion dollar rejuvenation project of the facility. See Also: Ex-Imo Governor, Ihedioha Asks Nigerian Government To Probe Over 100 Deaths At Illegal Refinery He mentioned that when the project is fully completed by the end of 2024, the refinery will have the capacity to refine 210,000 barrels per day, also noting that the project will be done based on the time stated and the budget approved. He also added that to stick...

Fuel Price Hike: Lagos, Abuja Residents Suffer as Price Increases

12Jul

By Osaretin BalogbanNo Comments

Africa, Cost of Living, Economy, Lagos News, Nigeria, Petroleum

Fuel Price Hike: Lagos, Abuja Residents Suffer as Price Increases

Nigerians are experiencing an unofficial fuel price hike as numerous filling stations have increased their pump prices from the regulated N165. The hike in price is confirmed to be rampant in the city of Abuja and Lagos. African News Today gathered information that certain petrol stations sell their product for N220 per litre. Even amongst the hike, some stations refused to sell leading to a scarcity of petrol in some areas. In Lagos, filling stations such as Ardova and MRS filling stations located along Lekki Expressway sold at the price of N180 and N200 per litre. see also: Fuel Subsidy Is A Scam – Peter Obi Rosebol filling station located at Ipaja metered their petrol at N180 per litre and N190 per litre was sold at Mao filling station situated at Kola. A motorist...

OPEC Secretary-General Muhammad Barkindo Just Confirmed Dead

6Jul

By Osaretin BalogbanNo Comments

Africa, Breaking News, News, Nigeria, Petroleum

OPEC Secretary-General Muhammad Barkindo Just Confirmed Dead

Organization of Petroleum Exporting Countries (OPEC) secretary-general, Muhammad Barkindo has reportedly been confirmed dead. Mele Kyari, the Group Managing Director(GMD) of the Nigerian National Petroleum Company ( NNPC) broke the news via his Twitter page on Wednesday morning. He confirmed that Muhammad Barkindo died on Tuesday at about 11 pm. see also: NNPC Fails To Account For 107 Million Barrels Of Crude, – Auditor General The Group Managing Director of NNPC tweeted “We lost our esteemed Dr. Muhammad Sanusi Barkindo. He died at about 11 pm yesterday, 5th July 2022". He also noted that the burial arrangements of the late 63-year-old would be disclosed soon. “Certainly a great loss to his immediate family, the NNPC, our country Nigeria, the OPEC, and the global en...

Ibom Air – 58 flights Cancelled as Airline Laments Over Fuel Hike

2Jul

By Osaretin BalogbanNo Comments

Aviation, Economy, Nigeria, Petroleum, Transportation

Ibom Air – 58 flights Cancelled as Airline Laments Over Fuel Hike

Ibom Air cancelled 58 scheduled flights over scarcity of aviation kerosene. The hike and scarcity of aviation kerosene, which is commonly known as jet A1 had resulted in 58 flights been canceled out of over 1000 flights recorded as at the month of June 2022. The airport is currently managed and owned by the government of Akwa Ibom state. The airport operates seven aircraft with 10 more said to be added by may 2023. See Also: JET-A1, Others May Push Flight Above N100,000 – Domestic Airlines But according to reliable sources, it has been said that out of the 7 acclaimed operational aircrafts only two are actually functional. According to the company’s records, only a total of 965 flights were successfully operated, with 199 flights delayed and 234 flights rescheduled due to o...

Imo To Conduct Mass Burial For Victims Of Illegal Refinery Explosion

26Apr

By Chinedu IbeakanmaNo Comments

News, Nigeria, Petroleum

Imo To Conduct Mass Burial For Victims Of Illegal Refinery Explosion

The Imo State Government will conduct a mass burial for the victims of the Friday night explosion at an illegal refinery located in a forest in Abaezi community in the Ohaji Egbema Local Government Area of the state. The Head of Operations of the National Emergency Management Agency in the state, Ifeanyi Nnaji, said that the mass burial would be carried out by the state ministries of Petroleum Resources and Environment. See Also: Two Nigerian Refineries Produce Zero Crude Despite ₦85.9 Billion Investment He said that the charred remains of the over 100 victims had been gathered and were awaiting a mass burial by the state government. According to the NEMA official, none of the victims had been recognised as they were burnt beyond recognition Nnaji said, “The state Minis...

A’Ibom Govt Sues ExxonMobil Over Attempt To Sell Assets Without Consent

28Mar

By Obiajulu Joel NwoluNo Comments

Finance, News, Nigeria, Petroleum

A’Ibom Govt Sues ExxonMobil Over Attempt To Sell Assets Without Consent

ExxonMobil Akwa Ibom State government has dragged ExxonMobil to court over an attempt to sell off some of its assets without informing it as a critical partner about the intention to carry out such a major activity. ExxonMobil had recently informed the general public that it had reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, through its wholly-owned subsidiary, Seplat Energy Offshore Limited. However, Akwa Ibom State Attorney-General and Commissioner for Justice, Mr. Essien Udom, SAN, said, weekend, that the state government had filed a suit in court to prevent Mobil from proceeding with the sales of the assets. Udom said: “Mobil has not formerly informed the state government that they are selling off and leaving. Ever...

TV, Radio Stations To Shut Down Over Skyrocketing Fuel Prices – BON

20Mar

By Chinedu IbeakanmaNo Comments

News, Nigeria, Petroleum, Press Statement

TV, Radio Stations To Shut Down Over Skyrocketing Fuel Prices – BON

The Broadcasting Organisation of Nigeria (BON), has warned that the lingering fuel scarcity in the country may force broadcast stations to shut down operations very soon. This warning comes as a result of the increase in costs of operation following the high cost of petrol and diesel. The body stated that the rising costs of fuel and diesel has created huge shortfall for most stations thereby causing staff salaries being delayed. It mentioned that the role of the broadcast stations as the most reliable source for information, entertainment and public enlightenment, is under serious threat due to the biting economic situation. Broadcast stations, through their programming, help to maintain stability, security and peace in the country, which makes it highly important to keep...

President Apologises to Nigerians over Power Outage, Fuel Scarcity

17Mar

By Obiajulu Joel NwoluNo Comments

News, Nigeria, Petroleum, Power

President Apologises to Nigerians over Power Outage, Fuel Scarcity

President Muhammadu Buhari yesterday apologised to Nigerians over the prolonged fuel scarcity and frequent power outages being experienced across the country. Buhari said the shortage of petroleum products was something his government had successfully averted in its seven years in office. Minister of Power, Abubakar Aliyu, also yesterday, likened the worsening power situation across the country to a war situation. But Aliyu assured that the federal government was doing everything possible to resolve the situation However, the Nigerian Electricity Regulatory Commission (NERC) explained that the power situation was caused mainly by the activities of vandals on the country’s gas supply assets. Buhari, in a statement issued yesterday by his spokesman, Mallam Garba Shehu...