TechnipFMC has been awarded a contract by Shell Nigeria Exploration and Production Company to supply subsea production systems for the Bonga North development in Nigeria, TechnipFMC announced on Tuesday. Under the contract, TechnipFMC will design and manufacture subsea tree systems,…
Ex-NNPC CEOs Commend Groundbreaking Revitalization of Port Harcourt Refinery
The Revitalization of the Port Harcourt Refinery has continued to receive commendations as former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) have applauded Mallam Mele Kyari and the current management team for the impressive…
NUPRC Plans Another Oil Licensing Round in 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to launch another oil licensing round in 2025, the Commission’s Chief Executive, Gbenga Komolafe, revealed on Wednesday during the 2024 Licensing Round Commercial Bid Conference in Lagos. This announcement comes as…
Aradel Holdings Acquires 5.14 Percent Stake in Chappal Energies Mauritius
Aradel Holdings Plc (“Aradel” or the Company) has announced its decision to acquire a 5.14% equity stake in Chappal Energies Mauritius Limited (“Chappal”), an energy company focused on investments in deep value and brownfield upstream opportunities across Africa. This strategic…
PETAN Pays Tribute to Dedicated Supporters – Marks 30th Anniversary
The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector.…
Oriental Energy Resources Inaugurates $315 Million FPSO – Signifying Landmark Achievement for Nigeria’s Energy Industry
Nigeria’s energy sector has reached a new milestone with the inauguration of a $315 million Floating Production Storage and Offloading (FPSO) vessel. The inauguration, which took place at Drydocks World in Dubai, was attended by Vice President Kashim Shettima, who…
UK Issues First-Ever Carbon Storage Permit
The UK government has issued the country’s first-ever carbon storage permit to a group led by BP, the North Sea Transition Authority (NSTA) said on Tuesday. The permit was issued to the Northern Endurance Partnership (NEP), which comprises BP (45%),…
TotalEnergies completes acquisition of Malaysia’s SapuraOMV
TotalEnergies said on Tuesday it has finalised its acquisition of Malaysia’s SapuraOMV, first announced earlier this year. In April, the company unveiled a USD 530-million agreement with Sapura Upstream Assets to acquire its 50% stake in SapuraOMV. The deal follows…
NMDPRA To Review 0.5% Gas Infrastructure Fund for PIA Compliance Amid Stakeholder Concerns
* To Halt Gas Supply To GENCOS Over N2trillion Debt The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to reassess the 0.5% levy associated with the Midstream Downstream Gas Infrastructure Fund (MDGIF) to ensure compliance with…
Chappal Energies Completes Acquisition of Equinor’s Nigerian Assets for $1.2B.
Chappal Energies, an African Energy company has formally taken over the Nigerian assets of Equinor’s Nigerian assets, competing the acquisition process which had been on for quite a while. The deal, which was previously agreed to and announced in November…
