Reuters – Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer for non-delivery of cargoes, court documents seen by Reuters showed. The case heard in London’s High Court and Court of Appeal […]

…Lauds Tinubu’s Reforms for Providing Fiscal Incentives to Investors The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and gas in the continent. Kyari disclosed […]

The Nigerian Minister of State for Petroleum Oil, Sen. Heineken Lokpobiri has reiterated the presidential directives to ramp up crude oil production through sustainable policies of the present administration of President Ahmed Bola Tinubu.   This tenacious stand of the current administration was reechoed by the minister’s featuring at the ongoing Nigeria International Energy Summit […]

Afentra, the upstream oil and gas company focused on acquiring production and development assets in Africa, has disclosed  that the KON-15 onshore license has been formally approved and awarded by Presidential Decree on 24 February 2025. This follows the Company’s announcement on 22 January 2024, confirming Afentra’s selection as the non-operating preferred bidder for both […]

Nigeria has announced a major milestone in its diversification pursuit for a clean energy transition roadmap. This is following the official launching of her hydrogen development agenda. Minister of State for Petroleum Gas Hon. Ekperikpe Ekpo disclosed that the country’s recent feat has paved the way for a unified National Hydrogen Policy. The minister with […]

…….FAKE CIVIL SOCIETY GROUPS RECRUITED AGAINST NCDMB The Nigerian Content Development and Monitoring Board (NCDMB) wishes to alert the public that a sponsored group, CCSGG, masquerading as a coalition of civil society group for good governance are recycling the same bogus and unfounded allegations that were recently published against the operations of our agency by […]

The Nigeria Minister of State for Petroleum (Oil) Sen. Heineken Lokpobiri has paid a condolence visit to the family of the late elder statesman, Chief Edwin Clark, extending his heartfelt sympathies in expression of the deep pain that accompanies the loss of a beloved father, mentor, and leader. Disclosing this condolence visit to the family […]

At approximately 14:10 hours on Wednesday, February 19, 2025, a fire broke out on the dry crude storage barge BESTAF5 at Cawthorne Channel 1,  Rivers State, spreading to other barges. Thanks to the swift response of our emergency teams and industry partners, the fire was successfully contained. The incident did not impact on flow station […]

The National Agency for Petroleum, Gas and Biofuels (ANPG), Azule Energy, and the partners of Block 15/06 – Sonangol Exploration and Production, Sinopec, and NAMCOR – celebrated, in Shanghai, People’s Republic of China, the Naming Ceremony of the Agogo FPSO. The event marks a strategic advancement for Angola’s energy sector, aimed at enhancing the country’s […]

…Engages Oil Producers On Implementation The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to implementing the Domestic Crude Supply Obligation (DCSO), a key policy aimed at ensuring domestic energy security and the sustainability of local refineries in Nigeria. This resolution followed a high-level meeting between the Commission’s Chief Executive, Engr. Gbenga Komolafe, […]