Tuesday, January 31, 2023
Tags NMDPRA

Tag: NMDPRA

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Eroton OML 18 Wellhead Gutted by Fire

The company in a statement said the incident, at the Cawthrone Channel operational area, occurred last weekend.

Fuel scarcity: Buhari sets up 14-member committee

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

Energy Editors demand immediate end to  fuel scarcity

NAEC ,therefore, recommends that NNPCL should ensure a transparent subsidy system that will allow the supply figures and cost templates that provide basis for subsidy claims to be verifiable.

Major oil marketers to sell fuel at currently agreed prices, link scarcity to logistics 

“These queues are caused by exceptional high demand and bottlenecks in the fuel distribution chain. The major cause is the shortage and high (US Dollar) costs of daughter vessels for ferrying product from mother vessels to depots along the coast. Next is the inadequate number of trucks to meet the demand to deliver product from depots to filling stations nationwide”

Oil sector will drive Nigeria’s GDP growth to 3.5% in 2023- Minister

Fitch Solutions had estimated that Nigerian crude oil production will fall by 15.2 per cent in 2022 and by another 14.9 per cent in 2023.

NUPENG condemns Indorama Petrochemical for ceding workers to two unions

In a statement, NUPENG said the inauguration of the Branch of the Union was done accordingly in December last year and Management in line with the agreement, extended recognition to these workers as members of NUPENG.

NNPC to commence oil drilling in Nasarawa state

It said the discovery was in continuation of its oil exploration activities in the country’s inland basins, adding that it would spud the first oil well in Nasarawa State in March 2023.

FG acquires equity in four Nigeria refineries

Sylva said that the government has a 20% stake in the Dangote refinery, adding that the government had also bought shares in 3 other refineries.

NUPRC offers seven offshore oil blocks for sale

According to a statement by NUPRC’s Chief Executive, Engr. Gbenga Komolafe, the Mini Bid Round is an opportunity to spur new exploration and drilling activities in the prospective deep waters offshore Nigeria.
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Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  

Egbin Power, Sahara Foundation upgrade Ijede Police station

The project, according to a statement, is in keeping with Egbin Power’s commitment to enhancing infrastructure development, socio-economic growth, and effective policing to promote safety and security in the company’s host communities.