Category: Oil & Gas
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ODD NEWS: Fuel Station Forces Customers To Buy Meat Pies Before Getting Petrol
A TotalEnergies filling station located at Igando in Lagos State has allegedly been forcing its customers to buy meat pies before being allowed to buy fuel. The odd piece of news came to light via a video that trended on Twitter during the weekend of 28 April 2024. The viral video shows several customers with…
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BREAKING! Dangote Refinery Further Slashes Diesel/ Aviation Fuel Prices
Dangote Petroleum Refinery has on Tuesday 23 April 2024 announced another reduction in prices of diesel and aviation fuel respectively, to ₦940 / ₦980 per litre. This follows the previous reductions in price of diesel by the refinery, first from ₦1,750 to ₦1,200 and then to ₦1,000 a few weeks back. The latest drop in…
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DANGOTE EFFECT: Imminent Drop in Nigeria’s Domestic Airfares
Sequel the news of imminent supply of aviation fuel a.k.a. Jet A1 from Dangote Refinery, there is a very high level of anticipation that domestic airlines will soon reduce ticket prices for passengers. This is premised on the significant price drop that has been experienced with diesel from ₦1,700 to ₦1,000 after Dangote Refinery began…
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BREAKING! Nigeria’s Mega-Refinery Slashes Diesel Price To ₦1,000 Per Litre
The $20 Billion Dangote Petroleum Refinery located at Lekki in Lagos has just dropped the price of diesel by 16.6% from ₦1,200 to ₦1,000 per litre. For several months, the price of diesel was quite high in Nigeria, selling up to ₦1,700 per litre due to importation of the product and the country’s forex crisis.…
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JOBS: Baker Hughes 6 Month University Undergraduate Internships
A. THE COMPANYBaker Hughes, headquartered in Houston, USA, is one of the world’s largest oil field services companies, providing products and services for oil well drilling, formation evaluation, completion, production, and reservoir consulting. Operating in more than 120 countries, Baker Hughes was incorporated in Nigeria on 19 March 2007 with Registration Number 2026215. B. THE…
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BREAKING! Dangote Refinery Launches Local Diesel Sales, Price Drops 20.6%
Retail price of Automotive Gas Oil (AGO) a.k.a. diesel in Nigeria has dropped 20.6% from ₦1,700 per litre a fortnight ago to the current ₦1,350. This has been attributed to the launch of diesel supply to the domestic market by Dangote Refinery. Nigeria’s inflation and forex challenges had earlier pushed the price of imported diesel…
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DID YOU KNOW? Nigeria Now Has 16 Functional Oil Rigs
According to data from the latest March 2024 Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries (OPEC), the number of functional crude oil drilling rigs across Nigeria has increased to 16 in February 2024. This compares with the average of 13 operating oil rigs as at the 2nd quarter of 2023. An…
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DID YOU KNOW? Kogi Is Now An Oil-Producing State
Located in Nigeria’s north-central region, Kogi State officially became one of the country’s crude petroleum producing states in October 2022. That is when the state started receiving the constitutional 13% derivation of crude oil revenue from the Federation Account. Crude oil was earlier discovered in commercial quantities in the Kogi East communities of Odeke, Echeno,…
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OIL & GAS: Nigeria Targets 2.5 m Barrels Per Day Crude Oil Output
The Federal Government of Nigeria has announced a new crude oil production target of 2.5 million barrels per day (bpd). This comes as data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) indicates that the country’s daily crude oil production increased to 1,426,574 bpd in January 2024, from 1,335,098 bpd in December 2023. As at…
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JOBS: Labour Relations Advisor At Chevron Nigeria Ltd
A. THE COMPANY Chevron Nigeria Ltd (CNL) is one of the largest oil producers in Nigeria and one of its largest investors. On 01 December 1961, Gulf Oil Company, a subsidiary of Gulf Corporation and the precursor of CNL, was registered in Nigeria and obtained its first prospecting license. In the country, Chevron operates under…