The PETAN Board, led by its Chairman, Engr. Wole Ogunsanya FNSE, has presented the Abia State Governor, H.E. Alex Otti with the Certificate of Incorporation of the Government of Abia State and PETAN Joint Venture Company, ABTAN Energy, even as discussions on oil exploration and production birthing the new company continues. Governor Otti, who played…
The PETAN Board, led by the Chairman, Engr. Wole Ogunsanya FNSE, has presented the Abia State Governor, H.E. Alex Otti with the Certificate of Incorporation of the Government of Abia State and PETAN Joint Venture Company, ABTAN Energy, even as discussions on oil exploration and production birthing the new company continues. Governor Otti, who played…
Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigeria’s oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd, a Reuters survey showed. Last month, Nigerian production exceeded its quota in the OPEC+ agreement by the most among all participants. The rise in…
Lagos State has officially taken control of its electricity market following the transfer of regulatory oversight from the Nigerian Electricity Regulatory Commission (NERC) to the Lagos State Electricity Regulatory Commission (LASERC), in a groundbreaking development for Nigeria’s electricity sector The formal announcement was made during a landmark event held at NERC’s headquarters in Abuja, attended…
The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85. The well was spudded on November 18, 2024, as part of efforts to increase and sustain the JV’s oil production…
This was revealed in a memo from the Office of the Accountant General of the Federation, dated February 28, 2025, The new platform, named Treasury Management & Revenue Assurance System, is designed to streamline and manage federal revenue collections and payments across ministries, departments, and agencies, including those benefiting from donor funds, trust funds, social…
Nigeria’s leading indigenous energy company, Seplat Energy Plc, has attributed its exponential growth over the years to well thought-through strategies, strong governance practice and dedicated people, stressing that the quest to develop Nigeria and the support from the Nigerian government remain very cardinal. The Chief Executive Officer, Seplat Energy, Mr. Roger Brown, said this whilst…
The Nigerian Upstream Petroleum Regulatory Commission has confirmed that Nigeria’s technical potential for crude oil production stands at 2.24 million barrels per day, as against the current production quota of 1.75mbpd. It also said the country’s crude oil production increased by 70 per cent from 2021 to date. This was disclosed by the Chief Executive…
Before an impressive gathering of oil and gas Industry professionals at the Dinner and Awards ceremony at the ongoing Nigeria International Energy Summit in Abuja PETAN Chairman, Engr. Wole Ogunsanya FNSE bagged the Energy Industry Leadership Awar The distinguished NIES Awards is in recognition of outstanding contributions by individuals and companies in Africa’s energy sector….
The Group Chief Executive Officer of NNPC Ltd, Mele Kyari has said that the world recognizes Africa as the next destination of providing greater support to the global energy market, recognizing Nigeria’s position as the largest producer of oil and gas in the continent. Kyari disclosed this while delivering an address on the theme “Africa’s…
