The Nigeria crude oil pipeline transportation facility has witnessed hiccups in the movement of its product from the production platform to the export storage terminal in Bonny, Rivers State. This is owing to a huge pipeline explosion witnessed along the Trans-Niger Pipeline operated by Renaissance formally Shell Petroleum Development Company and the Nigerian National Petroleum […]

As part of strategies to increase Nigeria’s crude oil production, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has in Yenagoa joined the Nigerian Content Development and Monitoring Board (NCDMB), and other key entities of the oil industry to chart a pathway to sustainable growth and prosperity in oil and gas host […]

The Nigerian Content Development and Monitoring Board (NCDMB) has noted the comments made by the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, during the union’s recent protest at the headquarters of Sterling Oil Exploration and Energy Production Company (SEEPCO), at Victoria Island, Lagos, over alleged anti-labour […]

…to focus its portfolio in Nigeria on Deepwater and Integrated Gas positions Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance. On 16 January 2024, Shell reached an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance Africa […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the President Bola Ahmed Tinubu administration. The Executive Vice President, Upstream, Mr. […]

NNPC Limited has thrown more light in view to clarify the establishment position on recent reports circulating on social media regarding the alleged unilateral termination of the crude oil sales agreement in Naira between NNPC Ltd. and Dangote Refinery. According to NNPC Limited in its recent press release, the contract for the sale of crude […]

The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations on oil mining lease (OML) 30. The meeting held at NCDMB’s Lagos liaison office, and the […]

The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85 in the shallow offshore region of Bayelsa. The well was spudded on November 18, 2024, as part of efforts to […]

The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy deepen local content, and conserve foreign exchange and create jobs. The Oil […]

The Nigeria Special Adviser to the President on Energy Olu Arowolo Verheijen has expressed the need for global energy stakeholders to form a holistic synergy towards a sustainable and acceptable path towards global energy future landscape Verheijen made this thought-provoking assertion during her detailed remarks at the final day of the just-concluded International Energy Week […]