BY KUNLE KALEJAYE As part of concerted effort to boost the supply Premium Motor Spirit, PMS also known as fuel to end users in the country, Techno Oil is set to unveil 20 new mega filling stations across the country. Aside from making fuel available to the general public, Head of Strategy Department of the company, […]

The Department of Petroleum Resources (DPR) has said that it will not hesitate to close down any illegal tank farm’s operation found in Nigeria without the Agency’s certification and license approval.

WITH more than 200,000 barrels per day (bpd) of crude oil being lost to pipeline vandalism, crude oil theft and spills, Nigeria ranks fourth in the league of countries who contribute to global oil supply outages, estimates from analysts at Deutsche Bank and other shipping and industry sources, have shown.

THE World Bank Group is to undertake its biggest financing programmein the Nigeria’s power sector, never seen anywhere else in the world.

NIGERIA’S petroleum industry have come a long way from its over 57 years of commercial oil production, but perhaps the most significant period, in terms of local input and benefits to Nigerians have been since the advent of President Jonathan’s administration.

THE high incidence of substandard, unbranded and smuggled cylinders into the Nigerian market has deterred genuine importers of the product from investing in the business, thereby discouraging the use of Liquefied Petroleum Gas, LPG/cooking gas in the country.

The National Council on Privatization (NCP), on Friday, formally approvedthe handover of the successor companies unbundled from Power Holding Company of Nigeria, PHCN, to the preferred bidders.

Schneider Electric and ikanoInternational,have agreed to collaborate in electrical distribution in a bid to increase investment opportunities in the power sector.

The quest for whether the proposed law will effectively address the issues of abandonment, decommissioning and disposal, is by analyzing the current legal regime vis-à-vis the PIB. Currently the legal regime for offshore decommissioning and abandonment is covered by motley assortment of inadequate and almost labyrinthine body of legislations, dating back to the Petroleum Act of 1969.

Stakeholders in the oil and gas industry are becoming apprehensive over the decline inOandoPlc shares, which dropped by 10 per cent on the Nigerian Stock Exchange last week.