NUPRC to license 220 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission has said that the 220 open oil blocks scattered in various onshore and offshore basins across the country would be handed to concessionaires after …
Chevron completes Hess takeover after Guyana arbitration win
Chevron has completed its planned takeover of Hess following the arbitration ruling Chevron has completed its planned takeover of US producer Hess after winning its arbitration against ExxonMobil over a …
ExxonMobil Nigeria Names New Chairman and Managing Director
ExxonMobil has announced the appointment of Mr. Jagir Baxi as Chairman and Managing Director, and Lead Country Manager, of its affiliates in Nigeria. The affiliates include: Esso Exploration and Production …
Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years
In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated …
Redefining Africa’s Energy Story: The Transformational Leadership of Sam Aiboni a New Era of African Business Leadership
SAM AIBONI Throughout Africa, a new generation of business leaders is reauthoring the continent’s narrative—one characterized not by lack, but by innovation, resilience, and sustainable development. These transformational leaders are …
Shell completes sale of SPDC to focus its portfolio in Nigeria on Deepwater and Integrated Gas positions
Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, as announced 16 January 2024 The divestment of SPDC aligns with Shell’s intent …
SEC warns Nigerians against investing in Risevest and Stecs
The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians against investing in Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, popularly …
Oando Secures Operatorship of Oil Block in Angola
Oando Plc, a prominent Nigerian energy solutions provider listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, has announced that its upstream subsidiary, Oando Energy Resources, has …
TotalEnergies, MRS, Sifax, FIRST E&P, Sahara, Others Win Oil Blocs as Dangote Crashes Petrol Price Undermining Imports
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 …
Boon for Nigeria as Shell’s $1.3bn assets sale gets regulatory nod
…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 …