Thursday, January 24, 2019
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Petroleum marketers extends grace period ahead of suspension of operations

The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6billion litres of Premium Motor Spirit otherwise called petrol and 90,000 metric tonnes of Dual Purpose Kerosene (Kerosene), saying the holding is expected to last 52 days, assuming no single drop of products is imported from now.

WAPCo to amend gas tariff for regional penetration


Concerned about losing its market in the West Africa sub-region over its high gas tariff regime the West African Gas Pipeline Company Limited (WAPCo) and the West African Gas Pipeline Authority (WAGPA), have commenced discussions to amend its tariff structure to stay competitive in the market.

Stakeholders insist deregulation will unlock huge investment potentials in downstream sector


The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru led other industry leaders to commend the Nigerian Content Development and Monitoring Board (NCDMB) for the numerous achievements recorded in the implementation of Nigerian Content in the oil and gas industry.

Chevron budget $20bn for oil and gas projects in 2019


Oil giant Chevron Corp has set aside $20 billion to escalate oil and natural gas projects in 2019.Its 2019 capital spending budget is at the high end of an $18 billion to $20 billion per-year range that Chevron executives set earlier this year as the annual target through 2020. The company said it expects to spend $19.8 billion this year.

N800b subsidy: Oil marketers deny signing agreement, says 7-day ultimatum stands


The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA) on Saturday in Lagos refuted reaching an agreement with the Federal Ministry of Finance on the payment of the N800 billion subsidy arrears.

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