Uncategorized

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has charged sub-Saharan African nations to keep pace with unfolding trends in the global oil and gas industry and adopt a unified approach in strengthening local content development, advancing industrialisation and fostering sustainable continent-wide economic growth. In a Keynote Address at the 9thSub-Saharan African ...

……by Ben Ndubuwa…… Chevron Corp is charting a bold course toward significant financial growth, aiming for a $6 billion to $8 billion increase in free cash flow by 2026. The company plans to achieve this goal through a combination of expanding oil production in Kazakhstan, ramping up U.S. shale and offshore output, and implementing cost-cutting measures. In a statement released ...

The National Coordinator and Chief Executive Officer of the National Social Investment Programme Agency (NSIPA), Associate Professor Badamasi Lawal has extended heartfelt Christmas greetings to Christians and all Nigerians during this festive season. In his message, Professor Lawal stated, “I warmly greet all Nigerians, especially our prospective beneficiaries of the impactful programs under the National Social Investment Programme Agency (NSIPA). ...

Director of Defence Media Operations, Edward Buba, made it known that  Nigerian troops uncovered and destroyed 68 crude oil cooking ovens, 13 dugout pits, 41 boats, and 45 storage tanks. Items seized include four speedboats, one pumping machine, 150 drums, one generator, two motorcycles, two mobile phones, a drone, and five vehicles. He said troops in the Niger Delta have ...

In a significant move to advance the energy sector, Governor Babajide Sanwo-Olu of Lagos State has approved the constitution of the Lagos State Electricity Regulatory Commission (LASERC). The appointments, which are subject to confirmation by the Lagos State House of Assembly, aim to create a robust regulatory framework to ensure reliable and sustainable energy for all. Engr. Abimbola Odubiyi has ...

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets….. Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in ...

The Nigerian Electricity Regulatory Commission (NERC) has announced the transfer of regulatory oversight of the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission. This was contained in a statement released by NERC on X (formerly Twitter) on Thursday. This move follows the amended provisions of the Nigerian Constitution and the Electricity Act of 2023. ...

Seplat Energy Plc, a leading Nigerian independent energy company, has been named Best In Social Impact/Human Capacity Development at the Sustainability, Enterprise and Responsibility Awards (SERAS) Africa for 2024. The Company was announced as winner of the award at the 18th edition of the SERAS Africa held at the Oriental Hotel in Lagos. The organisers lauded Seplat Energy’s corporate social ...

Nigeria’s energy sector has reached a new milestone with the inauguration of a $315 million Floating Production Storage and Offloading (FPSO) vessel. The inauguration, which took place at Drydocks World in Dubai, was attended by Vice President Kashim Shettima, who represented President Bola Tinubu. The FPSO is a key component in the country’s strategy to boost its energy production and ...

……..by Ben Ndubuwa…… Aradel Holdings Plc (“Aradel” or the Company) has announced its decision to acquire a 5.14% equity stake in Chappal Energies Mauritius Limited (“Chappal”), an energy company focused on investments in deep value and brownfield upstream opportunities across Africa. This strategic move aligns with Aradel’s goal of expanding its footprint in the energy sector, especially within the African ...