… Partnership To Boost Nigeria, Africa’s Energy, Maritime Sectors The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited have announced the signing of a new joint venture that will transform Nigerian maritime transportation. The agreement, signed in London last week, aims to create a new tanker operation serving Nigeria and West […]
Reuters – Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer for non-delivery of cargoes, court documents seen by Reuters showed. The case heard in London’s High Court and Court of Appeal […]
…Lauds Tinubu’s Reforms for Providing Fiscal Incentives to Investors The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and gas in the continent. Kyari disclosed […]
The Nigerian Minister of State for Petroleum Oil, Sen. Heineken Lokpobiri has reiterated the presidential directives to ramp up crude oil production through sustainable policies of the present administration of President Ahmed Bola Tinubu. This tenacious stand of the current administration was reechoed by the minister’s featuring at the ongoing Nigeria International Energy Summit […]
Nigeria has announced a major milestone in its diversification pursuit for a clean energy transition roadmap. This is following the official launching of her hydrogen development agenda. Minister of State for Petroleum Gas Hon. Ekperikpe Ekpo disclosed that the country’s recent feat has paved the way for a unified National Hydrogen Policy. The minister with […]
…….FAKE CIVIL SOCIETY GROUPS RECRUITED AGAINST NCDMB The Nigerian Content Development and Monitoring Board (NCDMB) wishes to alert the public that a sponsored group, CCSGG, masquerading as a coalition of civil society group for good governance are recycling the same bogus and unfounded allegations that were recently published against the operations of our agency by […]
The Nigeria Minister of State for Petroleum (Oil) Sen. Heineken Lokpobiri has paid a condolence visit to the family of the late elder statesman, Chief Edwin Clark, extending his heartfelt sympathies in expression of the deep pain that accompanies the loss of a beloved father, mentor, and leader. Disclosing this condolence visit to the family […]
At approximately 14:10 hours on Wednesday, February 19, 2025, a fire broke out on the dry crude storage barge BESTAF5 at Cawthorne Channel 1, Rivers State, spreading to other barges. Thanks to the swift response of our emergency teams and industry partners, the fire was successfully contained. The incident did not impact on flow station […]
…Engages Oil Producers On Implementation The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to implementing the Domestic Crude Supply Obligation (DCSO), a key policy aimed at ensuring domestic energy security and the sustainability of local refineries in Nigeria. This resolution followed a high-level meeting between the Commission’s Chief Executive, Engr. Gbenga Komolafe, […]
Shelf Drilling has announced that it has secured a one-year extension for the Shelf Drilling Scepter jack-up rig for drilling operations offshore West African country Nigeria. The extension will commence in direct continuation of the rig’s current contract, extending the commitment until July 2026. The total added contract value is approximately USD 50 million. Shelf […]
