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 …
Aiboni wins Heritage magazine’s 2022 Man of the Year award.
A Peoples Democratic Party (PDP) chieftain in Lagos State and the Deputy National Secretary of Nigerian Business Communities (NBC) for Atiku/Okowa, Barrister Sam Aiboni, has been honoured by the Heritage …
Frank Mba Appointed As New Lagos Police Commissioner
The Nigerian Inspector General of Police (IGP), Alkali Baba, has approved the redeployment of two commissioners of police to Lagos and Ogun States respectively. The commissioners of police concerned are; Frank …
‘Develop Batteries for Electric Vehicles Here’: Zimbabwe Bans Export of Raw Lithium
Zimbabwe earlier this week stopped the export of raw lithium from its mines and said that it wants cash in on the value addition and also stop losing billions to …
Shell to pay $16m to Nigerian farmers over oil damage
A Dutch court ruled in 2021 that Shell’s Nigerian subsidiary was liable for damages resulting from the spills and ordered Shell to pay compensation in the long-running lawsuit brought by …