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Category: NEWS

NEWS

A new era with Savannah Energy’s acquisition of ExxonMobil’s upstream and downstream assets in Chad and Cameroon

Savannah Energy announced the completion of its acquisition of ExxonMobil’s portfolio of upstream and downstream assets in Chad and Cameroon. The African Energy Chamber (AEC) supports the acquisition by Savannah …

NEWS

Nigerian Gas Flare Programme: What if the Operator Stops Producing, Or the Field Just Shuts? – Africa’s premier report on the oil, gas and energy landscape.

“If you submitted a proposal/bid in the 2020 process, please go to the NGFCP portal and do the Status Validation process”, the regulator told a group of American companies at …

NEWS

UTM Offshore to Set a Natural Gas Milestone with Nigeria’s First Floating Liquefied Natural Gas (FLNG) Facility

UTM Offshore will sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies …

NEWS

Shell Nigeria Receives Vice President @ProfOsinbajo

SNEPCo MD Elohor Aiboni receiving the Vice President @ProfOsinbajo, the outgoing #NESG Chairman, Mr Asue Ighodalo, with Shell Country Chair Osagie Okunbor, CEO Nigeria LNG Dr. Philip Mshelbila and the …

NEWS

Afreximbank, BoI sign MoU to boost investments, trade

In a move to further boost trade and investment inflows into Nigeria, the African Export-Import Bank (Afreximbank) and the Bank of Industry (BOI) have signed a Memorandum of Understanding that will …

NEWS

Addax Exits Four Oil Blocks, NNPC Takes Over Assets

The Nigerian National Petroleum Company Ltd announced on Tuesday that Sinopec’s Addax Petroleum Development (Nigeria) Ltd had exited and transferred four major oil mining blocks in Nigeria to the state-owned …

NEWS

NUPRC Parleys IOCs in Quest to Raise Gas Production by 20%

In a bid to realise its mandate of creating an enabling environment that would lead to increasing Nigeria’s gas production by 20 per cent within this decade and by 50 …

NEWS

Nigeria’s Domestic Gas Supply Grew by 14% in 12 Months, Says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday said that the performance of Nigeria’s domestic gas supply obligation reached 64.8 per cent between September 2021 and the same …

NEWS

In First Official Visit to IOC, Newly Birthed NUIMS Parleys Chevron on Operational Issues

In its first official visit to an international oil company (IOC) since it was named as replacement for the former National Petroleum Investment Management Services (NAPIMS), an arm of the …

NEWS

Disappeared: NNPC Fails to Explain Missing N2trn Worth of Domestic Crude Oil Lifted in 2019

The Auditor-General has raised an alarm on domestic crude oil lifted by the NNPC and was not accounted for in 2019 The 104.48 million barrels of missing crude oil could …

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Latest News

  • FBN Holdings takes over Egbin Power, Ikeja Electric, FIPL
  • NUPRC to license 220 oil blocks
  • Chevron completes Hess takeover after Guyana arbitration win
  • ExxonMobil Nigeria Names New Chairman and Managing Director
  • Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years
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