Petroleum

The Nigerian National Petroleum Corporation has on Tuesday, transited fully into a commercial entity, becoming the NNPC Limited. The official transitioning into a private entity means that the oil company would be regulated in line with the provisions of the Companies and Allied Matters Act from Tuesday, with the Group …

Many passengers were stranded at various bus stops in Lagos State, Monday morning, as commercial vehicles were scarce on the road. The scarcity of vehicles was attributed to the fuel scarcity, which was gradually building up in some parts of Lagos. A reporter saw that many people were stranded at …

LAGOS—Oando Plc. has recorded another milestone with the signing of a Memorandum of Understanding, MoU, with the Lagos Metropolitan Area Transport Authority, LAMATA, for the introduction of electric mass transit buses. A statement by the Managing Director, LAMATA, Mr. Abimbola Akinajo, said: “Oando Clean Energy came to us with a …

As part of efforts to boost the capacity of Nigerians to work in the oil and gas industry, the Petroleum Technology Development Fund (PTDF) has shortlisted 8,800 candidates from over 26,000 applicants for this year’s Overseas Scholarship Scheme, OSS. The PTDF OSS is an annual programme that awards scholarships to …

The Independent Petroleum Marketers Association of Nigeria has asked Nigerians to prepare for the worst fuel crisis. To avoid this, the petrol marketers association asked the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay its members their outstanding bridging claims amounting to over …

Sri Lanka’s cabinet ministers have offered resignation letters from their positions in response to calls from increasing protests amid economic instability and a severe fuel shortage in the South Asian country. Government officials confirmed that all cabinet ministers had handed in their resignation letters, paving way for all political parties …

• More vessels avoid Black, Mediterranean seas over attacks, sanctions The ongoing war between Russia and Ukraine may further prolong the over three-week scarcity of Premium Motor Spirit, popularly called petrol, in Nigeria, as bulk of the refined products coming into the country from the warring region and its adjoining …

A pregnant woman and eight others were burnt to death, yesterday, when a commercial passenger bus rammed into a vehicle laden with petrol in Ilorin, the Kwara State capital. Eight others were said to have survived the crash with multiple burnt injuries. It was gathered that the accident occurred at …

The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers and the Nigerian Association of Road Transport Owners on Thursday suspended their plans to embark on industrial action. Both groups had last week threatened to embark on strike over the alleged diversion of the N621bn …

Electricity consumers on Thursday kicked against the silent increase in the tariff payable by customers to power distribution companies for electricity consumed. They said it was worrisome that the government was allowing Discos to raise electricity tariff amid fuel scarcity across the country. Adulterate fuel imported into country about two …