Seplat Energy Plc says it is currently in talks to acquire ExxonMobil’s shallow-water oilfields in Nigeria.…
Category: Oil and Gas
IPMAN backs FG on petrol subsidy removal
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why it is backing the Federal…
FG says Nembe oil spill now under control
The Federal Government has said that the recent oil spill in Nembe LGA of Bayelsa state…
NLC rejects fuel subsidy removal, says FG’s N5,000 transport grant offer ‘comical’
The Nigeria Labour Congress has berated the Federal Government over its plan remove fuel subsidy next…
FG suspends Aiteo’s operations in Bayelsa over oil spill
The Federal Government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in…
Petrol to sell for N340 per litre in 2022 – Kyari
Group Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has dropped the hint…
FG to inject 10 million gas cylinders in 12 pilot states – Osinbajo
The Vice President, Prof. Yemi Osinbajo, has said that the Federal Government plans to inject 10…
Huawei: How we can boost Nigeria’s oil revenue with Big Data
Chinese technology solutions provider, Huawei, has stated that Nigeria can leverage its Big Data products to…
NNPC, Afreximbank sign $1.04bn oil exploration deal
The African Export-Import Bank (Afreximbank) has signed a $S1.04 billion facility with the Nigerian National Petroleum…
Orjiako to step down from Septal Energy board
Co-founder and pioneer Chairman, Dr. A.B.C. Orjiako has stepped down from the board of indigenous oil…
Ardova finalises full acquisition of fuel retailer, Enyo
Ardova Plc has acquired 100 per cent equity stake in Enyo Retail and Supply Limited from…
IPMAN sets up task force to check fuel hoarding
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has constituted a task force to check the…
Marketers halt cooking gas imports as prices soar
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity, according to…
Shell awards $800m contracts to Nigerian companies
Country Chair, Shell Companies In Nigeria (SCiN), Mr. Osagie Okunbor, has said that 100 per cent…
NNPC warns against panic buying, assures of adequate product supply
The NNPC Ltd has urges the public not to engage in panic buying of petroleum products,…
NUPRC boss, Komolafe promotes 195 upstream regulatory staff
In a proactive move to stave off any industrial action and boost the dwindling revenue…
PSC Review: Court orders FG to pay Delta $1.6 billion oil revenue
The Federal High Court, Abuja, on Monday, ordered the Federal Government to pay $1.6 billion oil…
FG will pay petrol subsidy in first six months of 2022 – Finance minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, says the federal government will cater…
Minister allays fears of job losses at DPR, PEF, PPPRA
The Minister of State for Petroleum Resources, Timipre Sylva, has allayed the fears being entertained by…
Oil workers poised for showdown with Total Nigeria amidst corruption claims
An organisational restructuring recently carried out by Total Nigeria has led to allegations that the multinational…