The House of Representatives has successfully recovered $19,241,109.35 (approximately N28.8 billion) from two oil companies indebted to the federal government, Chorus Energy Limited and Seplat Production Development Limited. In a statement, the spokesperson of the House, Akin Rotimi, described the…
Umuseti Community Reaffirms Ownership of Land Purchased by Axxela, Dismisses Claims by Emu Ebendo
The Umuseti Community in Utagba-Ogbe, Kwale, hereby issue a formal response to recent claims by some protesters from the Emu Ebendo community regarding the ownership of a parcel of land purchased by Axxela Company. High Chief Emmanuel Akpe, spokesperson for…
Renaissance Energy Completes Full Acquisition of Shell Nigeria’s $2.4bn Onshore Assets
Renaissance Africa Energy has finally completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This follows regulatory approvals by The Nigerian Upstream Petroleum Regulatory Commission (NUPRC); a process which had been stymied for…
NMDPRA Seals 10 LPG Retail Outlets in Akwa Ibom State Over Regulatory Violations
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Resources Authority, NMDPRA, Eket Field Office, has sealed 10 Liquified Petroleum Gas, LPG, retail outlets in Akwa Ibom for various infractions. The state Coordinator of NMDPRA, Ikechukwu Eseka, who made…
NNPC Ltd, Ssonic Petroleum Sign Landmark Gas Supply Deal for Lekki LNG Plant
NNPC Gas Marketing Ltd (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC Ltd), in partnership with NIPCO Gas Ltd, has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd for the supply of natural…
CERAWeek: NNPC Ltd Positions Nigeria as Prime Investment Destination
…Confirms that Nigeria’s energy sector attracted $16 billion to $17 billion in foreign investment inflows in 2024, driven by regulatory reforms and investor-friendly policies. The Nigerian National Petroleum Company Limited has called on global investors to direct their attention to…
Oil Minister meets with OTL Africa Downstream Team; Affirm’s Government’s Commitment to Enhancing Local Refining Capacity
Minister Lokpobiri Confirm’s Participation in the 2025 Edition. The Honourable Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri has highlighted the importance of the downstream value chain of the petroleum industry to Nigeria, and the commitment of the Federal…
Accelerating Nigeria’s Energy Progress: Investment, Partnerships, and Innovation Take Center Stage at NOG Energy Week
By Jerome Okojokwu-Idu As Nigeria charts its course toward a sustainable energy future, the 2024 NOG Energy Week played a vital role in shaping discussions across government and private sectors by showcasing the available opportunities and driving investment to meet…
NNPC Limited and Dangote Refinery: Discussions on New Naira Crude Contract Currently Ongoing
…Agreement was for six months and ends in March 2025 The NNPC limited have come out to clarify recent reports circulating on social media which suggested the company had unilaterally terminated its crude oil sales agreement with Dangote Refinery. According…
NCDMB Rallies NNPC, Oil Producers to Boost In-Country Manufacturing of Line Pipes
The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part…
