The federal government has warned that it will not hesitate to revoke the Licences granted to oil field operators if they fail to embark on exploration at a given period of time. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, issued the warning at the ongoing 2025 Nigeria Oil and Gas Energy Week…
Seplat Energy Plc, foremost Nigerian independent energy Company, on the 25th and 26th June 2025, successfully trained 50 journalists covering the Capital Market, Judiciary, Finance and Business on Media Entrepreneurship. The training, which was organized by the Company in conjunction with ELOH Consulting Limited, brought together 50 journalists covering Capital Market, Judiciary, Finance and Business…
Shell Nigeria Exploration and Production Company Ltd (SNEPCo), a subsidiary of energy giant Shell, has acquired a 12.5 percent stake in Nigeria’s Bonga.The transaction is valued at $510 million and is still subject to customary conditions, including regulatory approvals. TotalEnergies confirmed the divestment in a statement issued in Paris, noting that its subsidiary, TotalEnergies EP…
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from N880 to…
Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell Plc, on Monday confirmed plan to acquire TotalEnergies’ 12.5 % stake in deepwater Bonga Field. Consequence upon this, an agreement has been signed by the two parties. Shell confirmed the divestment in a statement on Monday, saying the transaction, when completed, will increase its…
Following the resignation of Abdullahi Ganduje from his position as national chairman of the All Progressives Congress (APC), President Bola Tinubu has virtually persuaded Rabiu Musa Kwankwaso, Ganduje’s mortal rival, to defect to the party. Ganduje, who governed Kano state from 2015 to 2023, announced his resignation with immediate effect. Kwankwaso andPresident Bola Tinubu has…
In a major development, the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project has finally crossed the River Niger, an axis that had seriously hampered the planned completion of the project on schedule. It was learnt that the crossing was done through the deployment of high technology facilities by Oilserv Limited, the contractors handling section A…
The Nigerian Navy says its operations have restored near normalcy in the nation’s crude oil production. The outgoing Flag Officer Commanding (FOC) of the Eastern Naval Command, Rear Adm. Saheed Akinwande stated this during a farewell parade in his honour in Calabar on Friday. He said the command, which covers operations in 13 states, had…
As international oil companies (IOCs) increasingly shift their operations to deep offshore locations, Nigeria’s oil and gas landscape is witnessing a surge in local ownership and strategic investments. The ongoing divestment from onshore assets has sparked significant changes in the industry, creating unprecedented opportunities for indigenous companies to take on a greater role in the…
The stage is set to get final approval for full commencement of the Nigeria-Morocco Gas Pipeline project. The project, estimated at $25 billion, aims to boost energy security and economic integration across several West African nations. The project’s final institutional step is about to receive ECOWAS heads of state official approval. This strategic 6,900-kilometer pipeline…
