Author: Abdulateef Ahmed

The Dutch Ministry of Foreign Affairs is partnering with Nigeria’s Federal Government to develop a methane tracker aimed at reducing emissions in the oil and gas sector. Adam Heal, the Executive Director of Stakeholder Democracy Network (SDN), revealed this during a workshop held in Abuja on Friday. The workshop, themed “Presentation of the Prototype Methane Tracker,” was organised by SDN in collaboration with Nigeria’s central government. Methane, a potent greenhouse gas released during oil and gas production, processing, and transportation, significantly contributes to climate change. Heal emphasised the importance of mitigating methane emissions, stating: “Methane affects climate change by contributing…

Official data from the National Upstream Petroleum Regulatory Commission (NUPRC) has contradicted earlier reports suggesting a rise in Nigeria’s crude oil output to 1.8 million barrels per day (mbpd) in October 2024. Instead, the NUPRC reports that total crude oil production, including condensates, dropped marginally by 0.40%, averaging 1.538 mbpd in October, compared to 1.544 mbpd in September. However, excluding condensates, crude oil production recorded a slight increase of 9,029 barrels per day, rising from 1.32 mbpd in September to 1.33 mbpd in October. The oil sector in Nigeria continues to face severe challenges, including persistent crude oil theft in…

The Nigerian National Petroleum Company Limited (NNPCL) has refuted allegations made by Timothy Mgbere, a leader from the Alesa community in Rivers State, regarding the operational status of the Port Harcourt Refinery. Mgbere, speaking on Arise television on Thursday, accused the NNPCL of misleading Nigerians by claiming that the refinery is processing crude oil, asserting instead that it is not yet operational. Responding in a statement on Friday, NNPCL’s spokesperson, Olufemi Soneye, described Mgbere’s remarks as a display of “crass ignorance” about refinery operations. Soneye stated that the company felt compelled to address the misinformation to set the record straight.…

Former Aviation Minister, Femi Fani-Kayode, has accused private operators in the petroleum refining sector of attempting to discredit the Port Harcourt Refinery Company (PHRC), which resumed operations on Tuesday. He alleged that these operators, driven by a desire for monopoly, are undermining the refinery’s revival. In a post on his X handle, Fani-Kayode stated:”It is a pity that some elements in the private sector who are new in the field are doing all they can to undermine and understate this great victory for Nigeria. The oil business is not the same as selling sugar, spaghetti, cement, or rice, and no…

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has revealed that the Port Harcourt refinery will sell petrol at N1,030 per litre, asserting that the refinery is operational, as claimed by the Nigerian National Petroleum Company Limited (NNPCL). In a statement released on Thursday night, PETROAN spokesman Joseph Obele said the NNPC informed the association that a litre of Premium Motor Spirit (PMS) would sell for N1,030 at the refurbished refinery. Obele stated, “NNPC Retail Ltd has officially announced the PMS price at the Port Harcourt refinery as N1,030 per litre. It was also communicated to PETROAN that…

Despite commitments by oil marketers and the Nigerian National Petroleum Company Limited (NNPCL) to halt fuel imports and prioritise off-taking from local sources like the Dangote Refinery, new findings by Petroleumprice.ng reveal that a total of 78,800 metric tonnes, equivalent to 105.67 million litres of petrol, has been imported into the country between November 23 and November 28. Documents obtained from the Nigerian Ports Authority on Wednesday disclosed that the fuel was delivered via four vessels, with the latest expected to arrive today (Thursday, November 28, 2024). An analysis of the documents indicates that 38,500 metric tonnes of petrol, imported…

President Bola Tinubu has commended the Nigeria National Petroleum Company Limited (NNPC) for achieving a significant milestone with the resumption of petroleum product loading at the Port Harcourt refinery, marking a pivotal step in revitalising Nigeria’s oil infrastructure. In a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu lauded the contributions of former President Muhammadu Buhari, who initiated the comprehensive rehabilitation of the country’s refineries. He also expressed gratitude to the African Export-Import Bank for its financial support and praised NNPC’s Group Chief Executive Officer, Mele Kyari, for his leadership. “Your dedication and…

The Nigerian Navy has raised concerns over the activities of certain unpatriotic individuals allegedly engaged in acts of economic sabotage, including crude oil theft. According to Rear Admiral Eugenio Olusegun Ferriera, Chief of Training and Operations, these elements have resorted to spreading false allegations to disrupt legitimate international transactions, causing significant revenue losses for the federal government. At a briefing on Monday, Rear Admiral Ferriera highlighted the Navy’s commitment to combating crude oil theft. He revealed that false claims between May 4 and May 16, 2024, led to the disruption of operations involving MT Prestigious and MT Montagu, resulting in…

Engr. Wole Ogunsanya, Chairman of the Petroleum Technology Association of Nigeria (PETAN), has called for the privatisation of Nigeria’s oil and gas pipelines to ensure greater efficiency and sustainability within the nation’s critical energy sector. He described this approach as a “commonwealth solution” that could transform the industry for the better. Ogunsanya made the call at the Nigeria International Pipeline and Security Conference (NIPITECS), which was held at the Abuja Continental Hotel. He explained that privatising Nigeria’s pipeline network could offer private investors the opportunity to own 51 percent of the nation’s pipeline assets, with oil producers such as the…

The Nigerian National Petroleum Company Limited (NNPCL) has clarified that no specific completion date has been set for the ongoing Quick Fix Project at the Kaduna Refinery. While Dr. Mustafa Sugungun, Managing Director of the Kaduna Refining and Petrochemical Company (KRPC), initially projected the project’s completion by the end of 2024, recent statements suggest otherwise. The $741 million rehabilitation contract was awarded to South Korea’s Daewoo Engineering & Construction to restore the refinery’s 110,000-barrels-per-day capacity to at least 60% by the end of 2024. During the commissioning of renovated facilities at Rido Community Primary School and a solar-powered borehole in…