In Nigeria’s first oil bid round conducted under the Petroleum Industry Act (PIA) 2021, many indigenous oil and gas companies yesterday emerged winners of onshore and deep offshore oil blocks …
…Awaits Tinubu’s consent as petroleum minister The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth …
French energy giant TotalEnergies (TTEF.PA), opens new tab is seeking to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s (SHEL.L), opens new tab divestment …
President Bola Tinubu has declared an oil sector shake-up to improve transparency in the face of dwindling oil revenue and sharp practices at the NNPCL. Before now, NNPCL was completely …
He said “stronger protections” were needed to end “the merry-go-round of legal challenges which risk paralysing the scheme”. The government said the bill, unveiled earlier, made clear in UK law …
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 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. …
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 …
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 …
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 …
