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…
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…
