Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55% […]

…..Reports production increase from 48 kboepd to 120 kboepd   Maurel & Prom (M&P) has disclosed that Seplat Energy, a leading Nigerian energy company of which M&P is the largest shareholder with a 20.46% holding, has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. MPNU, which includes the entire offshore shallow […]

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to USD 2 billion. After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on 29 November and 6 December respectively. “With […]

The Group Managing Director and CEO of Blue Seal Energy Group Inc. Dr. Doyle Edeni has called for a conducive workable business relationship and enabling business environment between Private Investors and Governments across the African region Dr. Edeni made this solemn call during his speech as a panel discussion member at the just concluded 13th Practical […]

OPEC has in its 38th Joint Ministerial Monitoring Committee (JMMC) meeting approved the continuation of crude oil production adjustments agreed during the 35th OPEC Ministerial Meeting, effective until December 31, 2026. The organization said it will fully adhere to current production levels until April and robust compensation mechanisms were emphasized to enhance transparency and market […]

…..Awards Prizes to Winners of Debate Contest The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to preventive mechanisms against corrupt practices in its internal operations and interface with stakeholders as well as transparency in local content implementation processes. The Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe made the commitment […]

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Wednesday in Yenagoa expressed profound gratitude to industry stakeholders, top-ranking vendors, and the Board’s staff for their contributions to the success of the Practical Nigerian Content (PNC) Forum 2024. Speaking at the official closing ceremony of the four-day […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has insisted that the Old Port Harcourt Refinery is up and running, with loading operations in full swing. The Group Chief Executive Officer, Mr. Mele Kyari, gave the confirmation at the commissioning of the NUPENG Towers in Lagos on Wednesday. In a goodwill message at the event, […]

            … NCDMB, BoI Sign Agreement on N15bn Community Contractor Fund The Nigerian Content performance level in the oil and gas industry has hit 56 percent in 2024, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe announced on Tuesday. He spoke at the 13th Practical Nigerian Content (PNC) Conference […]

In line with the unwavering commitment of the Nigerian Content Development & Monitoring Board NCDMB to further deepen its footprints in the Nigeria oil and gas industrial sector, the Executive Secretary, Engr. Felix Omatsola Ogbe has disclosed the board concluded plans to establish three NCDMB zonal offices across the Niger Delta region. Unveiling this laudable […]