The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the President Bola Ahmed Tinubu administration. The Executive Vice President, Upstream, Mr. […]

NNPC Limited has thrown more light in view to clarify the establishment position on recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery. According to NNPC Limited in its recent press release, the contract for the sale of crude […]

The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations on oil mining lease (OML) 30. The meeting held at NCDMB’s Lagos liaison office, and the […]

The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85 in the shallow offshore region of Bayelsa. The well was spudded on November 18, 2024, as part of efforts to […]

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 of the strategy deepen local content, and conserve foreign exchange and create jobs. The Oil […]

The Nigeria Special Adviser to the President on Energy Olu Arowolo Verheijen has expressed the need for global energy stakeholders to form a holistic synergy towards a sustainable and acceptable path towards global energy future landscape Verheijen made this thought-provoking assertion during her detailed remarks at the final day of the just-concluded International Energy Week […]

NNPC Gas Marketing Ltd, a subsidiary of NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State. Under the terms of […]

The Managing Director of Tantita Security Surveillance Nigeria Ltd TSSNL, High Chief Kestin Pondi has reaffirmed the company’s commitment to working closely with the JTF to tackle crude oil theft and pipeline vandalism in the Niger Delta. High Chief Pondi made this assertion during the courtsy visit of Commander of the Joint Task Force Operation […]

Nigeria has joined the European Bank for Reconstruction and Development (EBRD), becoming its 77th shareholder. Nigeria submitted a request to join the Bank in April 2024 and the Board of Governors approved its membership in May of the same year. At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement […]

Olu Verheijen, special adviser on energy to President Bola Ahmed Tinubu of the Federal Republic of Nigeria, talks to The Energy Year about the country’s evolving energy policy and legal framework, how Nigeria is increasing its competitiveness in Africa and worldwide, and the effects of recent executive orders on the country’s energy sector. What impact […]