maneph

On this significant occasion of the International Day of Education, we at Maneph Marine Services Limited take pride in recognizing the pivotal role education plays in fostering global progress, innovation, and sustainable development. Education is not only the foundation of personal and professional growth but also a driving force behind the advancement of the maritime […]

Dangote Petroleum Refinery has registered Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria, (IPMAN), and Major Oil Marketers Association of Nigeria, (MOMAN), for the distribution of products from the facility in Lagos. The company is also considering other marketers that have signified interest in the lifting and distribution

The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the refinery and executives of IPMAN. Last week Monday, it was exclusively reported that IPMAN had scheduled a meeting with the management of Dangote refinery as

Afreximbank arranged a $3.3 billion loan sponsored by the NNPC, meant to help Nigeria pay for crude oil purchases.The African Export-Import Bank (Afreximbank) said it has released $2.25 billion to Nigeria under a $3.3 billion syndicated credit facility sponsored by the Nigerian National Petroleum Co. Ltd. “This landmark financing is Nigeria’s largest crude oil prepayment

Fresh crises are brewing over Shell’s planned exit from the onshore segment of Nigeria’s oil and gas industry while Nigerian firms scout $4.5 billion to buy out the assets of the company and those of ExxonMobil and Nigerian Agip Oil Company Limited (NAOC). While Renaissance Africa Energy, yesterday, announced that it has reached an agreement

Nigeria may fail to produce about 138 million barrels of crude oil worth $10.73 billion in 2024 even as President Bola Tinubu sets Nigeria’s N28 trillion 2024 budget on an unrealistic oil and gas outlook that has consistently failed in the last 10 years. While President Bola Tinubu is projecting to increase revenue from oil

Dangote Refinery has assured that refined products, specifically diesel and aviation fuel, will be in the market this month, January. The $20 billion refinery made the promise while announcing that production had started, with a vow to meet domestic demands. The announcement is coming on the heels of the successful delivery of about six million

Globally, the average cost of a liter of gasoline is 1.30 USD. However, these costs vary significantly between countries. As stated by GlobalPetrolPrices.com, “richer countries have higher prices while poorer countries and the countries that produce and export oil have significantly lower prices.” The pricing differences between countries are due to different petrol taxes and

The bustling Lagos Free Trade Zone (LFTZ) has scored a major coup, attracting a multi-million-dollar gas distribution project that promises to fuel industrial growth and unlock new economic opportunities for the region. This infrastructure, initiated by Optimera Energy, aims to provide 25 million standard cubic feet per day (mmscuf/d) of natural gas to companies within

Petrobras has acquired stakes in three blocks offshore Sao Tome & Principe, under a deal with Shell.She signed a memorandum of understanding (MoU) with Shell in March 2023, on the sidelines of CERAWeek.Under the agreement, the Brazilian company has acquired 45% stakes in Blocks 10 and 13, and 25% in Block 11. Shell is the