Oil & Gas

Diesel Price Drops As Dangote Refinery Begins Supply, Sells At N1,225/Litre

— Dangote Refinery By St. Johnson Adegboyega  The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth refinery started pumping out diesel to… []

“Fueling the Future: Arukhe and the Evolution of Oil and Gas Practices”

  – James Arukhe In a realm where the confluence of innovation, deep technical expertise, and leadership is a rarity, James Arukhe emerges as a quintessential figure, leaving an indelible mark on the global oil and gas industry. His journey from academia to the zenith of the industry is a testament to the boundless possibilities that arise when a profound understanding of engineering melds with… []

Dangote Petroleum Refinery Registers MOMAN, IPMAN And DAPPMAN Members For Products Distribution

– Dangote Refinery (inset) Aliko Dangote By Adeola Idris  Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN),… []

Nigeria’s Former Chief Of Army Staff, Gen.Alli Is Dead

– Rtd General Chris Alli By Bunmi Onakan The statement released by the Army has announced the death of former Chief of Army Staff, Major General Alli (retd), died after a brief illness on Sunday, November 19, 2023. Alli, who also served as the Military Governor of Plateau State between August 1985 and 1986, was the COAS between November 1993 and August 1994. Reacting to… []

Otedola Receives $19 million From Ardova Over Sale Of Forte Oil

– Femi Otedola  Following a ruling last October by the London Court of International Arbitration (LCIA), billionaire Femi Otedola has received $19 million in arbitration award over the share purchase agreement (SPA) involving the sale of Forte Oil now Ardova Plc, a source revealed. LCIA however ordered Ignite Investments and Commodities Limited, the special purpose acquisition company of Ardova’s Chairman Abdulwasiu Sowami, to make SPA… []

Mohammed Indimi’s Oriental Energy Dragged To Court Over Alleged US$4.1million Debt

-Mohammed Ndimi Over an alleged indebtedness of USD4,143,856.70, an offshore drilling company, Borr International Operations has dragged, Oriental Energy Resources Limited company before a federal high court, sitting in Lagos south west Nigeria, demanding for the sum of US$ 4,143,856.70 million, being an alleged outstanding approved and unpaid invoices for the drilling services rendered in accordance with Contract for the provision of Jack-Up Drilling Unit… []

-Abdullahi Haske

Top Magnates, Emeka Offor, Orjiako, Atiku’s In-law, Abdullahi Haske, Battle For Addax’s Oil Blocks

Following its decision to leave Nigeria, Addax Petroleum, part of China’s state-owned Sinopec group has created a stiff competition as Nigeria’s local oil magnates are waging a ferocious battle, part of it before the Nigerian Federal High Court, to gain control of its production blocks. Lagos business circles are being kept in suspense by the battle for control of the 25,000 bpd Nigerian production blocks… []