The Nigerian Electricity Regulatory Commission (NERC) has directed all electricity distribution companies (DisCos) to publish refunds made to customers who purchased meters under the meter asset providers (MAP) scheme. The directive, published on its social media handles on Monday, was issued after NERC’s first Nigerian electricity supply industry stakeholders (NEIS) meeting in 2025. The MAP…
The Chief Executive Officer of Seplat Energy, Roger Brown has disclosed that the company sees the potential of an estimated 14 trillion cubic feet of untapped natural gas in its newly acquired assets in Akwa Ibom State. Brown said this while speaking at the Heirs Energies Leadership Forum 2025, in Abuja, where he spoke about…
ExxonMobil and its partners in the Gippsland Basin offshore southeastern Australia are investing nearly $200 million in the development of a new natural gas project that would help meet Australia’s domestic demand. Exxon’s unit Esso Australia Resources Pty Ltd and its co-venturers Mitsui and Woodside Energy have approved the Kipper 1B Project to bring online…
Chevron Corp. (NYSE:CVX) has announced that it will lay off 15-20% of its global workforce and reorganize its business structure. The U.S. oil and gas major announced that it will consolidate its Oil, Products & Gas segment into Upstream and Downstream, Midstream & Chemicals segment, and be led by Mark Nelson, the current executive vice…
NIPCO Gas Ltd at the weekend disclosed that it has converted 15,000 vehicles to Compressed Natural Gas (CNG). The company further announced that it has been awarded Gas Distribution Licences (GDL) by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Federal Government. MD/CEO, NIPCO Gas Ltd, Nagendra Verma, while briefing newsmen in…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened strike actions over the non-payment of over N100 billion in bridging claims owed to its members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a communique released on Monday by the Depot Chairmen of IPMAN, the marketers expressed frustration over the prolonged…
The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that the Dangote Petroleum Refinery currently has over 500 million litres of petrol in its reservoir. He also said the refinery now produces enough fuel for local consumption and export. Dangote spoke during a tour of the $20bn Lekki-based facility with the Zambia Minister…
The Federal Government of Nigeria has announced a ban on fuel tankers exceeding 60,000 litres from operating on the country’s roads, citing safety concerns and the need to curb frequent accidents involving heavy-duty petroleum trucks. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) disclosed that the restriction will take effect from March 1, 2025….
Industry Leaders Discourse (ILD) will bring together government decision-makers, global energy CEOs, and sector pioneers on Thursday, 20 February 2025, at the Transcorp Hilton, Abuja to forge actionable strategies for accelerating Nigeria’s oil production growth. The event, which is tagged: ” the 2025 Heirs Leadership Forum”, is being convened by Tony O. Elumelu, Chairman of…
The Nigerian National Petroleum Company Limited (NNPCL) has purchased 500 Compressed Natural Gas (CNG) powered trucks. The state-owned firm has already commissioned six CNG stations in Lagos and Abuja. Mrs. Henrietta Ogun of the NNPC Retail Operations, made this known in her presentation titled: “A focus on NNPC Operations,” in a workshop NNPC/Engagement session with…
