DPR Warns Adamawa –Taraba Marketers Against Exploitation

BusinessNewsOil & GasDPR Warns Adamawa –Taraba Marketers Against Exploitation

Ibrahim Abdul' Aziz (Correspondent)November 21, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent The Department of Petroleum Resources (DPR) has warned marketers operating in Adamawa state not to use petrol subsidy removal as an excuse to exploit customers at the filling stations, threatening that any filling stations engaged in sharp practices will be  sanctioned  by the regulatory body. The Operations Controller (DPR) in charge of Adamawa/Taraba field office,Sadiq Ibraheem Danjuma who gave the warning  during an interactive session with journalists said that the...

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Petrol Price to Hit N170 As PPMC Increases Ex-depot Price to N155

BusinessNewsOil & GasPetrol Price to Hit N170 As PPMC Increases Ex-depot Price to N155

Beloved John (Staff Writer)November 13, 2020

There is a hike in the pump price of Premium Motor Spirit (PMS), mostly referred to as petrol. The hike is following the increase of the ex-depot price of the product. The ex-depot price is the amount at which the PPMC sells the commodity at the depot to retail outlets owners and fuel marketers across the country. The modification contained in a memo from the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian...

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NNPC Set to Resume Oil Exploration In North East Borno

BusinessNewsNigeriaOil & GasNNPC Set to Resume Oil Exploration In North East Borno

Ibrahim Abdul' Aziz (Correspondent)November 6, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent As peace gradually returns to the Lake Chad Basin area, Nigeria, National Petroleum Cooperation (NNPC) is set to resume oil exploration in the region. The State Minister for Petroleum Resources, Chief Timipre Silver, the Group Managing Director, (GMD) Nigerian National Petroleum Cooperation (NNPC), Mr. Kyari Mele,the General Manager Oil exploration, Alh. Abdullah Bomsai and Chief of Army Staff, Lt General Tukur Buratai, among other principal officers of both the NNPC...

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Oil Spill Again Pollutes Okpoama Communities in Bayelsa

EnvironmentNewsOil & GasOil Spill Again Pollutes Okpoama Communities in Bayelsa

PilotnewsNovember 2, 2020

Another oil leak, the third in six months, has discharged a yet-to-be-ascertained volume of crude oil polluting the Okpoama community and its environs in Brass Local Government Area of Bayelsa. The leak reportedly occurred on Oct. 28 on the 50-year-old Ogoda-Brass crude pipeline belonging to the Nigerian Agip Oil Company (NAOC) near the oil firm’s crude export terminal. Chief Inikio Sele-D, Chairman of Okpoama Kingdom Chiefs’ Council, had earlier the told News Agency of Nigeria...

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DPR Says 2020 Marginal Oilfield Bid Still On

BusinessNewsNigeriaOil & GasDPR Says 2020 Marginal Oilfield Bid Still On

PilotnewsOctober 30, 2020

The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, told the News Agency of Nigeria (NAN) on Friday in Lagos that the bidding process has not been completed. “The 2020 marginal oilfield bid round process is still ongoing in line with our published timelines on DPR website and bid portal. “Over 600 companies have applied...

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339 Companies Bid for 2020/21 Crude Oil Sales Contract – Kyari

BusinessNewsNigeriaOil & Gas339 Companies Bid for 2020/21 Crude Oil Sales Contract – Kyari

PilotnewsOctober 16, 2020

No fewer than 339 companies are bidding for the 2020/21 sales and purchase of the Nigerian crude oil grades. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari disclosed this at the 2020/2021 Crude oil tender prequalification bid opening ceremony, on Thursday in Abuja. He said that the event marked another transparent process for the corporation. He said that in spite of the challenges posed by COVID-19, the Corporation had modified the...

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FG Clamps Down on Faulty Measuring, Weighing Equipment Operators

BusinessNewsOil & GasFG Clamps Down on Faulty Measuring, Weighing Equipment Operators

PilotnewsOctober 4, 2020

The Federal Government says it had ha begun the clamp down on the use of faulty and altered measuring and weighing equipment by some business owners The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, announced this on Saturday in Port Harcourt at a two-day sensitisation workshop with stakeholders in the downstream oil and gas industry. Adeniyi, represented by Mr Gbolahan Adamoh, Head of Oil and Gas, Department of Weight and Measures (WM), in the...

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Domestic Refinery Owners Support Oil Subsidy Removal – Official

BusinessNewsNigeriaOil & GasDomestic Refinery Owners Support Oil Subsidy Removal – Official

PilotnewsOctober 4, 2020

The Domestic Refinery Owners Association of Nigeria (DROAN), have thrown their weight behind the Federal Government’s removal of oil subsidy in the country. The National Chairman of the association, Mr Godwin Sunday, made this known in a press conference organised by the association in Uyo on Saturday. Sunday said that the association was in full support of President Muhammadu Buhari’s  courageous stand in bringing the subsidy regime to an end. He urged stakeholders in the...

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No Plan to Migrate Jobs Outside Nigeria — Chevron

JobsNewsNigeriaOil & GasNo Plan to Migrate Jobs Outside Nigeria — Chevron

PilotnewsOctober 3, 2020

The management of Chevron Nigeria Limited (CNL) says it has no plans to migrate Nigerian jobs outside the country. CNL’s General Manager Policy, Government and Public Affairs, Mr Esimaje Brikinn, made the clarification in a statement on Friday. Brikinn spoke following an allegation by the Petroleum and Natural Gas Senior Staff Association of Nigeria that CNL planned to relocate jobs outside the country. He said, however, that the company was reviewing its manpower requirements in...

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NewsNigeriaOil & GasBuhari Sends Petroleum Bill To National Assembly

Beloved John (Staff Writer)October 1, 2020

President Muhammadu Buhari has finally submitted the petroleum industry bill (PIB), which seek to scrap two major petroleum regulatory agency to the national assembly for consideration and passage. The proposed bill seeks to scrap the Nigerian National Petroleum Corporation (NNPC), Petroleum Products Pricing Regulatory Agency (PPPR) and establish the Nigerian National Petroleum Company Limited after all the assets and liabilities of the NNPC have been identified by the ministers of petroleum resources and finance. “The...

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