…………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 […]

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 […]