Ahonsi Unuigbe
Yesterday, we witnessed something truly pivotal in Africa’s leading capital market, Nigerian Exchange Limited (NGX). I join millions nationwide in congratulating Ahonsi Unuigbe as the new Board Chairman of the …
BW Offshore Completes Sale of FPSO Sendje Berge in Nigeria
BW Offshore has closed the transaction for the sale of the FPSO Sendje Berge to a local FPSO owner and operator in Nigeria for a total consideration of $15 million. …
PIA: Shell inaugurates 8 host community development trusts
Shell Petroleum Development Company (SPDC) has inaugurated eight Host Community Development Trusts (HCDT) in Bayelsa in compliance with the new template by the Petroleum Industry Act (PIA) 2021. Recall that …
Nigeria has capacity to grow daily oil production to 4m—Shell
Praises NNPC over additional 35,000 barrels of crude recorded at Bonga The Managing Director (MD) of Shell Nigeria Exploration & Production Company (SNEPCo), Mrs. Elohor Aiboni, has expressed her appreciation …
Chevron extends Agbami and Usan oilfield leases to 2042
One of the world’s largest oil and gas companies, Chevron, has extended the Agbami and Usan oilfield leases in Nigeria to 2042, while also increasing its investment emphasis on short-cycle …
NNPC delays completion of Seplat’s ANOH gas plant
The completion of Seplat Energy’s ANOH gas processing plant is being delayed by NNPC Gas Infrastructure Limited (NGIC), with production pushed to the fourth quarter (Q4) of 2023, Ripples Nigeria …
Mazi Afam Osigwe, SAN to Head the NBA-Annual General Conference 2023 Planning Committee Scheduled to Hold in Abuja, Nigeria
Mazi Afam Osigwe, SAN has been appointed the Chairman of the 2023 Annual General Conference Planning Committee (AGCPC) of the Nigerian Bar Association (NBA). Mazi Afam who is a one …
Shell’s Bonga Southwest Field Could Hold 1 Billion Barrels
Shell reports that appraisals have shown the Bonga Southwest field in Nigeria could have reserves of up to one billion barrels. Reserve calculations completed on a appraisal well, which was …
Geregu Power Inflated Valuation Spurs Stock Manipulation Fears
The fundamentals of Geregu Power, a Nigerian power generating (GENCO), with a Market Capitalization of N548 billion, do not match its high valuation, spurring concerns of potential market manipulation. The …
NNPC takes over Addax Petroleum assets.
The Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum’s production sharing contract (PSC). NNPC Group Chief Executive Officer (GCEO), Mele Kyari and the outgoing …