PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week. May 2, 2024 On Monday 29 April 2024, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) announced the opening of the Nigeria 2024 Bid Round. […]

The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. SNG will build and operate the gas distribution network, which will serve customers across Oyo State for 20 years. Speaking at the […]

 In line with his commitment to significantly leverage gas to grow the economy, President Bola Tinubu will commission three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum Company Limited (NNPCL) and partners. The projects support the federal government’s effort to grow value from the nation’s gas assets while eliminating gas flaring. The […]

Amplus VGE, a joint venture between UK-headquartered Amplus Energy and Nigeria-based Versatile Group (VG Energy), along with support from Norway’s Carbon Circle, is bringing together innovative solutions to unlock lucrative marginal fields in West Africa. Combining the international companies’ expertise in oil field development and production, the Amplus VGE partnership is working together to unlock […]

…. Firm declares N4.5bn Dividend for 2023 The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it had received an interim dividend payment of N450 million out of theN1.5bn declared by the Waltersmith Refinery and Petrochemical Company Limited. This payment represents NCDMB’s 30% share in the company for the year ended 2023. […]

Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, Has announced its unaudited results for the three months ended 31 March 2024. Operational highlights Production averaged 49,258 boepd, down 4.8% on prior period (3M 2023: 51,720 boepd), but 5.7% above Q4 2023 production, and […]

Keen on optimising production from the nation’s hydrocarbon assets to boost revenues and meet the nation’s OPEC production quota, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have restarted production from the Awoba field which last contributed production to the […]

 As part of its commitment to encourage learning and academic excellence, the Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partners in OML 18 – the Nigerian Content Development & Monitoring Board (NCDMB), Shell Nigeria Exploration and Production Company (SNEPCo), Total Energies EP Nigeria Ltd., Nigerian Agip Exploration Ltd., and Esso Exploration […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the OML 85 asset, also known as Madu Field.  Production from the field which is located in shallow waters offshore Bayelsa State and operated by […]

The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo announced this after a meeting held with key stakeholders of the project in his NNPC Towers Abuja office. A […]