No fewer than seven men appeared before the Federal High Court in Lagos on Monday over an alleged move to tamper with a petroleum product pipeline. The defendants, Godbless Ebi, Saheed Abdulrahman, Gabriel Otovor, Anthony Arubayan, Emmanuel Ajayi, John Adebayo, and Godwin Joseph, were arraigned before Justice Abimbola Awogboro on a two-count charge bordering on conspiracy and unlawfully tampering with …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted social media speculations suggesting that certain international oil companies (IOCs) have completed the sale of their assets to some indigenous companies, noting that the assets cannot be deemed sold yet. In a public notice on Friday, the commission’s Chief Executive Officer, Mr. Gbenga Komolafe clarified that oil and gas assets in …

The Nigerian Army, 6 Division, on Wednesday, said it uncovered a massive illegal refinery camp and seized five million litres of stolen crude oil stored in a reservoir in Rivers State. The  General Officer Commanding (GOC), 6 Division, Maj.-Gen. Jamal Abdussalam said the illegal refinery was uncovered along the Mirinwanyi channel of the Imo River in the Komkom area of …

The Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Mr Mele Kyari, has assured transport owners that the challenging business environment in haulage of petroleum products across the country would end soon. Kyari, who spoke at the 24th Annual General Meeting/Conference of the Nigerian Association of Road Transport Owners (NARTO), said the company valued the huge contribution made …

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Limited – a key indigenous player in the oil and gas industry – recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading …

The Federal Government has intensified discussions with the Kingdom of Morocco in a bid to fast-track the process of achieving the Final Investment Decision on the $30 billion Nigeria-Morocco Gas Pipeline. Both nations held discussions about the deal on the sidelines of a meeting between the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, and the Moroccan Minister of …

The Nigerian Navy Forward Operating Base, Igbokoda, said it had discovered five illegal refineries in some communities in the Araromi seaside area of Ilaje Local Government Area of Ondo State. The military said the illegal refineries contained a total of 365,000 litres of crude oil, adding that the illegal refineries are undergoing destruction. The Commanding Officer of the base, Navy …

Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have berated the Nigerian National Petroleum Company Limited (NNPCL) for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. In an exclusive …

President Bola Tinubu has said that his administration would continue to provide the needed interventions in the oil and gas industry in line with the provisions of the Petroleum Industry Act (PIA). Receiving a delegation from the Chevron Corporation, led by the President of Chevron International Exploration and Production, Mr. Clay Neff, on Tuesday in Abuja, President Tinubu said that …

Refined petroleum products from the $20 billion Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register …