EACOP Ltd., the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, is pleased to announce that it has closed the first tranche of external financing for the project, provided by a syndicate of financial institutions including regional banks […]

Nigerian National Petroleum Corporation Limited (NNPC Ltd) has assumed new leadership following the sack of Mele Kyari as the NNPCL GCEO by the President Bola Ahmed Tinubu on Wednesday 2nd April 2024 and the appointment of Engr. Bashir Bayo Ojulari as the new NNPCL GCEO. President Tinubu in his announcement also dissolved the corporation’s board […]

The Cabinet of Ghana has approved plans by the Ministry of Energy and Green Transition to develop a second gas processing plant in the country. The project builds on efforts to maximize the country’s 2.1 trillion cubic feet of gas resources to support electrification and industrialization. Developed by the Ministry of Energy and Green Transition […]

Following the announcement on May 22, 2024, Galp has successfully completed the sale of its upstream assets in Area 4 Mozambique to XRG P.J.S.C., a wholly-owned subsidiary of Abu Dhabi National Oil Company (ADNOC) P.J.S.C. With completion, Galp collects a payment of c.$881 m in 1Q25, encompassing the equity value of shares, shareholder loans reimbursement […]

Aquaterra Energy, a leader in offshore engineering solutions, has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Aquaterra Energy’s turnkey well access package will enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir […]

……To Restore Vision for 6,000 Nigerians, Donate 25,000 STEM Books, Train 6,000 Farmers. The NNPC Foundation Ltd/Gte, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., is expanding its social impact initiatives with three transformative programs aimed at improving healthcare, education, and agriculture across Nigeria. These interventions which include free cataract surgeries, STEM education support, […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) is at the final stage of getting listed in the capital market, in keeping with the provisions of the Petroleum Industry Act (PIA) 2021. This was disclosed by the Company’s Chief Finance and Investor Relations Officer (CFIO), Mr. Olugbenga Oluwaniyi, at a consultative meeting with partners at […]

President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), filling existing vacancies and strengthening the board’s capacity. The approved nominees are Mr. Olusegun Omosehin of the National Insurance Commission (NAICOM) and Engr. Wole Ogunsanya of the Petroleum Technology Association of […]

The Department of Development and Production of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has convened a strategic engagement with key industry stakeholders in its quest to tackle financial and rig supply challenges facing Nigeria’s Upstream Oil and Gas sector. The engagement brought together operators, rig owners, service providers, financiers, and regulatory experts to explore […]

The Nigerian Content Development and Monitoring Board (NCDMB) has assured women entrepreneurs in oil and gas of its preparedness to assist them in capacity building and funding as well as integration in the industry value chain. Speaking at the opening ceremony of a four-day Executive Entrepreneurship and Management Workshop for women in Port Harcourt, the […]