The Nigerian National Petroleum Company Limited has intensified efforts to ensure a steady crude oil supply to the Dangote Petroleum Refinery as part of moves to stabilise fuel availability across the country, especially with Brent hitting $108 per barrel. This comes amid heightened global oil market volatility occasioned by tensions in the Middle East and…
The Association of Energy Correspondents in Nigeria (NAEC) has elected a new set of executives for the next two years, returning Ugo Amadi of Champion Newspaper as National Chairman and Dr. Adeola Yusuf of Platforms Africa as Vice Chairman. The keenly contested election, which was held at the Association’s Secretariat, Obanikoro in Lagos, also saw…
Thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering, corrosion control and monitoring. Organised under the Renaissance Africa Energy Company Limited and MJD Oilfield Services Limited Nigerian Content Human Capital Development (NC HCD) Training Programme, in partnership…
Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters Qatar, the world’s second-largest exporter of LNG, announced a production halt at its 77 million tons per annum (mtpa) facility last week and declared force majeure…
More than a decade after Nigeria privatised its power sector, tension is rising across the industry — not over tariffs or megawatts, but over pension contributions that workers say have been deducted from their salaries and left unremitted for as long as 82 months. At the centre of the brewing crisis are allegations that some…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has recorded a major win for the country in the effort to tighten accountability in crude oil production operations with the inauguration of a Gravimetric Multifaceted Flow Metering Calibration Facility in Eket, Akwa Ibom State. The project — the first of its kind in West Africa — addresses…
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day…
The Nigerian National Petroleum Company (NNPC) Limited has signed a tripartite memorandum of understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE (PCCS) Ltd to enhance liquefied natural gas (LNG) development in Nigeria. In a statement on Monday by PCCS, the company said the MoU establishes a framework for structured collaboration across…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, emphasising that recent reforms under the Petroleum Industry Act 2021 provide a predictable, transparent, and investor-friendly framework for upstream development. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, made this known at the opening of the…
The award highlights the company’s leadership in Nigeria’s deep-water sector, having commenced production in 2005 at Bonga field, Nigeria’s first development in water depths of more than 1,000 meters. There have been further developments in the field including the Bonga Northwest project which came on stream in 2015. The NIES award comes as work progresses…
