The Nigerian National Petroleum Company Limited (NNPC Ltd.) extends its heartfelt condolences to the victims of the tragic petrol tanker explosion that occurred at Dikko-Maje Junction along the Abuja-Kaduna Road in Suleja Local Government Area of Niger State on Saturday. This devastating incident claimed the lives of several individuals who were attempting to scoop fuel […]

Dolphin Drilling has secured a positive outcome in the arbitration case with General Hydrocarbons Limited (GHL) concerning the termination of a drilling contract for Blackford Dolphin semi-submersible rig that was hired for operations offshore Nigeria. The Dolphin drilling contract with GHL for the Blackford Dolphin semi-submersible drilling rig was canceled on April 2024 owing to […]

Nigeria’s premier petroleum regulatory body, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has announced plans for the 2025 licensing round, aimed at unlocking the potential of fallow assets. The announcement was made at the 2024 Commercial Bid Conference, held at Eko Hotel & Suites in Lagos. The Commission’s Chief Executive, Engr. Gbenga Komolafe, emphasized NUPRC’s […]

…………Vessel heads for Nigeria as firm launches $315m offshore asset. In a major gain for President Bola Ahmed Tinubu’s oil sector reforms, Nigeria’s Oriental Energy Resources Limited has unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost Nigeria’s oil production capacity. The FPSO vessel, with a storage capacity of one million […]

…Applaud Bold Transformation Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC) have praised the current management team of NNPCL, led by Mr. Mele Kyari, for the impressive rehabilitation of the Port Harcourt Refinery. After an on-site inspection of the facility, they described the transformation as “magic.” The former GMDs were […]

The Independent Petroleum Producers Group (IPPG) has celebrated the historic appointment of Ademola Adeyemi-Bero, one of its founding members, pioneer Chairman, and Trustee, as Chairperson of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors for 2025. His confirmation as Nigeria’s OPEC Governor marks a significant milestone for Nigeria and Africa’s energy sector. At […]

The Nigerian Content Development and Monitoring Board (NCDMB) has awarded the engineering, procurement, and construction contract to Julius Berger PLC for the development of Oloibiri Museum and Research Centre (OMRC), to be located at Otuabagi, Ogbia Local Government Area of Bayelsa State. The contract was signed on Thursday 12th December 2024. The Executive Secretary NCDMB, […]

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 […]