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Scarcity: NNPC, marketers extend service time at fuel outlets
Pan-industry contingency response activated Sopuruchi Onwuka Nigerian National Petroleum Company (NNPC) Limited and marketing groups in the downstream petroleum market have activated contingency measures to speed up distribution of petrol in the country in order to bridge gaps created by…
OANDO Plc denies involvement from bad fuel import
Oando has denied media reports listing the company as one of four importers that supplied methanol-blended Premium Motor Spirits (PMS) into the country. “We hereby state that Oando did not import and supply PMS that was adulterated or substandard,” Company…
Seplat Energy, C4C entrepreneurship initiative graduate 15 Fellows
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, in partnership with Conversations for Change (C4C) has announced the graduation of 15 Fellows from the duo’s entrepreneurship programme. The 2021 batch…
OPEC, IEA see stronger oil demand, rising prices
Sopuruchi Onwuka Figures and forecasts by the world’s oil market antagonists, the Organization of Petroleum Exporting Countries (OPEC) and International Energy Association (IEA) confirm that galloping demand propels increase in the prices of crude oil and natural gas liquids. Whereas…
NCDMB maps 50m Fund for oil industry manufacturing
Commissions ultra-modern valve assembling plant Sopuruchi Onwuka He disclosed that the NOGAPS Manufacturing fund will soon be launched and will be managed by the Bank of Industry (BoI) to address the identified challenges. The Nigerian Content Development and Monitoring Board…
Bad fuel sailed from same port
Seven firms await “remedial action” Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has stated that seven companies in four consortia for its Direct Supply and Direct Purchase (DSDP) contracts were unable to diversify their imports, leading to syndication…
NNPC posts N100.931 bn export revenue for August ‘21
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited has declared $224.29 million or N100.931 billion receipt from its upstream operations in August 2021, mainly accounting to crude oil and gas export within the period. Group General Manager in charge…
MIT researchers create light polymer material as strong as steel
Sopuruchi Onwuka New lightweight material that could be utilized for a range of purposes, from production of goods to construction of facilities, has been developed from polymers at the Massachusetts Institute of Technology (MIT), United States. Researchers at the…
Ford Transit gets EV successor
Ford Motor Company has declared it has started shipping the 2022 E-Transit van, the electric version of the popular Ford Transit cargo van. The roll out would be the first models of Ford’s all-electric cargo van. Although the company is…
Oil market sustaining price surge despite energy transition
Sopuruchi Onwuka Global energy analysts and industry leaders push strong opinions that crude oil prices would sustain its current strength despite pointers to geopolitical tension and cold weather in northern hemisphere which are traditional transient drivers. Industry consultancy groups, opinion…
