The Independent Petroleum Marketers Association of Nigeria, IPMAN, has blamed ongoing petrol scarcity across the country on supply shortage and high cost of running their operations. IPMAN Public Relations Officer, Chinedu Ukadike in chat with Vanguard yesterday, said most inland depots were dry and had no product from Lagos and other
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Barely one week after President Muhammadu Buhari approved an additional N10 for transporters of Premium Motor Spirit (PMS) across the country, petroleum marketers have decried the prolonged inability to load from NNPC depots, leaving them to depend on private depots that equally impose additional charges. With additional charges from depots, marketers
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As the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) plans to close out on the 2020 Marginal Fields Bid Round (MFBR), the commission has insisted on due process in awarding the final documents and Petroleum Prospecting Licenses (PPL) to the winners. The federal government has earned N174 billion so far after signature
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Executive Chairman, Butane Energy Limited, Alhaji Isa Mohammed Inuwa, said their new Liquefied Petroleum Gas (LPG) bottling and storage plant in Katsina has offered a choice and stable product supply to consumers in the state. Speaking during an interview in Abuja yesterday, Alhaji Inuwa, a former Group Executive Director with the
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About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their various outlets, oil marketers stated on Tuesday. Marketers also stated that the cost of
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The Nigerian Association of Petroleum Explorationists has called for caution regarding the recent gas leak and inferno which engulfed a water borehole site within Caritas University at Amorji Nike (about 3km from Emene) in Enugu State. NAPE President, Dr. James Edet, in a statement said the rush to explain what happened
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The leadership of Famfa has said that the current reforms in the oil and gas sector are expected to have a far-reaching impact on revitalizing the Nigerian economy if properly implemented. Speaking on a CNN monitored programme titled: “One World with Zain Asher”, Vice Chairman of Famfa, Dr. Folorunsho Alakija, pointed
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Researchers from North Carolina State University have developed a new technique for extracting hydrogen gas from liquid carriers that is faster, less expensive and more energy efficient than previous approaches. "Hydrogen is widely viewed as a sustainable energy source for transportation, but there are some technical obstacles that need to be
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AMID the seeming inability of the Federal Government to fully deregulate the downstream segment of the petroleum industry, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), yesterday, revealed that six new regulations were being planned to ensure clarity, improve processes and ease of doing business in the sector. Consistent with
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Heirs Oil & Gas has won the Africa Deal of the Year 2021 by Project Finance International, following the $1.1bn financing and acquisition of a 45 per cent stake in OML 17 in 2021. The award ceremony took place in London. The deal, which was announced in January 2021, saw Heirs Holdings,
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