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Nigeria Moving Closer to Full Utilisation of Gas Potential – Buhari

Nigeria Moving Closer to Full Utilisation of Gas Potential – Buhari

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President Muhammadu Buhari on Tuesday said that Nigeria has moved a step closer to the nation’s dream of full utilization of its abundant gas...
NCDMB, PETAN Sign MoU on US$30m Credit Scheme

NCDMB, PETAN Sign MoU on US$30m Credit Scheme

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The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) on Monday signed an agreement on US$30m Working...
SERAP Gives Buhari, Sylva 14 Days to Explain Use of N116m for Pens, Others by Petrol Ministry

SERAP Gives Buhari, Sylva 14 Days to Explain Use of N116m...

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The Socio-Economic Rights and Accountability Project (SERAP), has asked President Muhammadu Buhari and the Minister of State for Petroleum Resources, Chief Timipre Sylva  to...
Saudi Arabia Unveils Its Vision for a Zero-Carbon City

Report Says Renewable Energy May Threaten Nigeria’s LNG Train 7

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There are indications that renewable energy and energy storage may likely put to risk the efforts by the government to harness its 203.16 trillion...
Nigeria: From petrol to auto-gas, by Reuben Abati

Nigeria: From Petrol to Auto-Gas, by Reuben Abati

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The Nigerian Government deregulated the downstream petroleum sector with effect from March 19, 2020. The key argument was that the fuel subsidy regime which...

Nigeria Declares 2021 to 2030 Decade of Gas Development for Nigeria

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The Federal Government has declared Jan. 1, 2021 to Dec. 31, 2030 as “The Decade of Gas Development for Nigeria”. The Minister of State for...
Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas, FG Says

Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas,...

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The Federal Government has said that automobile owners will pay N250,000 to convert their vehicles to run on gas. Speaking at Channels Television Programme, Justice...
Organized Labour to Get 1,000 Gas-Powered Buses – Sylva

Organized Labour to Get 1,000 Gas-Powered Buses – Sylva

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The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday said that the Federal Government would be handing over a total of...
Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction

Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction

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      …As Nigeria’s LPG storage capacity now 69,698MTThe Group Managing Director, Techno Oil, Mrs. Nkechi Obi, has said that the 8,400MT-capacity LPG terminal built...
Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction

Sylva inaugurates Techno Oil 8,400MT LPG terminal in Lagos

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The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday inaugurated the 8,400 Metric Tonnes (MT) Liquified Petroleum Gas (LPG)  terminal built...
December 14: Marketers Fail to Comply With N5 Reduction in Petrol Price

Fuel Price: Nigerians Paying for Govt Inefficiency, Says PANDEF

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The Pan Niger Delta Forum has said the latest increase in the price of petrol was an indication that Nigerians would continue to pay...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC Raises Petrol Depot Price, Product May Sell at N168-N170/litre

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The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

ANOH Gas Projects to Produce 600MSCFD Equivalent of 2.4GW Of Electricity...

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The Nigerian National Petroleum Corporation, NNPC, has revealed that the Asa North-Ohaji South, ANOH,  gas project is expected to produce 600million standard cubic feet...
Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas, FG Says

Auto Gas: FG Promises to Make Conversion of Cars Cheap –...

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The government is working hard to ensure that conversion of petro cars to use gas is cheap in the country, the Minister of State...
National Assembly to Pass PIB into Law in April – FG Says

National Assembly Shifts Deliberations on PIB to 2021

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The National Assembly has shifted deliberations on the Petroleum Industry Bill to the first quarter of next year, the Minister of State for Petroleum...
Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas, FG Says

Era of Petrol Dominance Over – Nigeria’s Oil Minister Declares

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Nigeria’s minister of state petroleum resources, Mr Timipre Sylva, has warned Nigerians to be wary of their fate as the days of oil are...
Nigeria: FG Plans to Up Local Content to 40%, Support Indigenous Oil and Gas Firms More

FG Fast-Tracking Roll-Out of Cleaner, Cheaper Alternative to Petrol, to Cushion...

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The Minister of State, Petroleum Resources, Mr. Timipreye Sylva, has said that in order to cushion the effect of the removal of petroleum subsidy...
NNPC Sells $120.49m Worth of Crude Oil, Gas in September

NNPC Pledges Support for Auto-Gas Deployment Initiatives

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The Nigerian National Petroleum Corporation, NNPC, has pledged to support ongoing initiatives by the Ministry of Petroleum Resources to provide alternate energy source to...
Automobile Owners to Pay N250,000 for Conversion from Fuel to Autogas, FG Says

Nigeria to Save ₦1trn Annually from Subsidy Removal – Sylva

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         …Says subsidy Removal to Create Massive Jobs The Minister of State for Petroleum Resources, Mr Timipre Sylva has said that the Federal Government’s decision...
Minister says Nigerians Should be Happy to Import Petrol from Niger

Sylva Blames Lawmakers in the Delay Over PIB

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The Nigerian Minister of State for Petroleum Resources, Mr Timipre Sylva has absolved the executive arm of government from the delay trailing the Petroleum...