Author: Rareview

The domestic crude oil supply crisis that recently led to accusations and denials in the oil sector may warrant an investment plunge in the industry, operators declared on Wednesday; according to Punch. According to operators at the Lagos Chamber of Commerce and Industry, the crisis may damage the confidence of International Oil Companies and investors in refineries. This came as a section of the 650,000-capacity Dangote Petroleum Refinery caught fire on Wednesday, sparking reactions on social media as videos of the incident went viral. The management of the facility, however, allayed fears about the incident, as it stated that the situation had been put under control, adding that no one was harmed by the fire outbreak. Meanwhile, the LCCI charged the Federal Government to prev...

By PR “This is a major project of monumental value to our country. What this means is that this is the only way we can deliver the gas revolution. I am very happy and convinced that, latest by the middle of August, we will complete this project” In yet another major step towards boosting nationwide gas supply to drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set to deliver the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project.  Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari, confirmed this during an inspection tour of the OB3 pipeline River Niger Crossing operation at Aboh, Delta State, on Saturday.  By design, the OB3 Gas pipeline is the inter-connector which links the Eastern gas pipeline network to...

Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC/Aiteo Joint Venture on OML 29, confirms that after completing the joint investigative visit to the spill site with all stakeholders, as mandated by regulations, it will reopen its facilities for production. AEEPCO will also continue to implement all required spill management protocols simultaneously. AEEPCO’s Group Managing Director, Victor Okoronkwo, discloses: ” After a comprehensive evaluation of our operations and infrastructure at the Nembe Swamp Field, we are delighted to confirm the resumption of production activities. “Our dedicated team has worked diligently to address the issues caused by the recent incident and implemented enhanced safety protocols to prevent future occurrences. We have engaged...

By Ali Elias Dangote Industries Limited (DIL) has made a startling accusation against International Oil Companies (IOCs) operating in Nigeria, alleging that they are intentionally sabotaging the operations of the Dangote Oil Refinery. This claim was made by Devakumar Edwin, Vice President of Oil and Gas at DIL, during a training program for energy journalists. According to Edwin, the IOCs are hindering the refinery's progress by artificially inflating the prices of locally sourced crude oil. This accusation suggests that the IOCs are engaged in anti-competitive practices, potentially undermining the success of the Dangote Oil Refinery and Nigeria's energy sector as a whole. He acknowledged the efforts of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to ensure that the dom...

Photo by NS Energy: AKK Gas Pipeline By PR The Federal Government has highlighted the huge multiplier impact of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project on the nation's economic growth and industrialisation. This was made known during the visit of three cabinet Ministers to the AKK Gas Pipeline Project Site, where they inspected the river Kaduna crossing milestone of the project in Kaduna, on Friday. This is coming just as the Group CEO of NNPC Ltd., Mr. Mele Kyari assured Nigerians that the Project will be delivered by the end of first quarter, 2025. The three Ministers who visited the Project Site were: Minister of Finance / Coordinating Minister of the Economy, Mr. Wale Edun; Minister of Information & National Orientation, Mr. Mohammed Idris Malagi and Min...