Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell plc, signed an agreement with TotalEnergies EP Nigeria Limited on May 28 to acquire its 12.5% stake in the OML 118 Production Sharing Contract (OML 118 PSC), an oil mining lease offshore Nigeria that includes the Bonga field. Upon completion, this transaction increases Shell’s […]

……as Minister Lists Gains of PIA, Executive Orders Multibillion dollars opportunities across the oil and gas industry value chain were showcased at the Nigerian Oil and Gas Opportunity Fair organized by the Nigerian Content Development and Monitoring Board (NCDMB) recently in Yenagoa, Bayelsa State. In his remarks at the event, the Executive Secretary, NCDMB, Engr. […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has disclosed that the Port Harcourt Refining Company (PHRC) will undergo a planned maintenance shutdown commencing on May 24, 2025. According to the nation’s oil company, the scheduled interruption is a routine maintenance and sustainability assessment of the 210,000 barrels per day (bpd) plant. Mr. Olufemi Soneye, […]

The Nigerian former President and Architect pioneer of Nigerian Local Content His Excellency President Goodluck Ebele Jonathan, has disclosed the ultimate reason behind his expedient signing of the Nigeria Oil and Gas Industry Content bill into law (NOGIC Act), which led to the establishment of the Nigerian Content Development and Monitoring Board (NCDMB). President Jonathan […]

NNPC Ltd’s Group CEO, Bayo Ojulari, reiterated the corporation’s utmost commitment to ramping up the nation’s crude oil production in line with President Ahmed Bola Tinubu’s directives through collaborative alliances with relevant corporate bodies and organizations such as Wood Mackenzie. Mr. Ojulari expressed this corporation’s ambitious goal when the Wood Mackenzie CEO Jason Liu and […]

A bid to harness Nigerian abundant gas reserves through numerous gas utilization projects such as the UTM Floating Liquefied Natural Gas project is gradually taken a critical center stage in the global gas investment space spurs by the Nigeria relentless commitment to commercialize her offshore stranded gas to economic oriented product. At forefront of this […]

Renaissance Africa Energy Company Limited has disclosed that the company has isolated its 14-inch crude oil production pipeline that was severed by the recent vandals’ activities. The pipeline facility situated at Okordia–Rumuekpe in Ikata, Ahoada East Local Government Area of Rivers State was reportedly confirmed to be spilling crude oil into the community. According to Mr. […]

ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development. This significant financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalizing production in the Usan deepwater oil field. The company proposed FID in late Q3 […]

The Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari has described the floating of Africa Energy Bank as a veritable and crucial step towards ramping up the current Nigerian crude oil production level. Mr. Oulari made these frantic remarks when he received H.E. Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers’ […]

Petroleum industry regulators on the African continent, under the auspices of the African Petroleum Regulators Forum (AFRIPERF), have brought to the fore an agenda for cooperation, investment, and economic development in the African petroleum sector. The forum, during its third meeting held virtually and attended by 17 member nations, was chaired by the interim chairman, […]