OPEC+ is likely to leave oil output levels unchanged at its meetings on Sunday and to agree on a mechanism to assess members’ maximum production capacity, said by two delegates to Reuters The eight OPEC+ countries which have been gradually raising output in 2025 are expected to keep their policy to pause hikes in the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to auction 50 oil and gas blocks spanning multiple basins and terrains as part of its 2025 petroleum licensing initiative. The move represents a significant push to attract fresh capital into Nigeria’s upstream petroleum sector under the framework established by the Petroleum Industry Act (PIA) 2021….
Nigeria LNG Limited (NLNG) and the Nigerian Content Development and Monitoring Board (NCDMB) engaged in productive discussions towards collaboration in support of NLNG’s planned revamp and enhancement of key operational facilities in Trains 1 to 6 of the NLNG Plant. The initiative is aimed at improving asset performance and overallSophia Horsfall,General Manager, External Relations and…
As the women in Energy Network, WIEN, inaugurates a new leadership and celebrate the legacy of incredible impact in five years of its inception, the organisation calls on women across the energy value chain to connect with the platform to grow and shape the future of the energy sector. The president of WIEN, Mrs. Eyono…
NNPC Limited declares its financial performance for the full year ended2024, reporting a Profit After Tax of ₦5.4 trillion on revenue of ₦45.1 trillion. This was contained in a statement by the Chief Corporate Communications Officer, Andy Odeh to the media. Building on this performance, the Company unveiled its strategic roadmap to drivesustained growth and…
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said European nations should avoid becoming too reliant on imports of US liquefied natural gas as they prepare to further trim supplies from Russia. US President Donald Trump “seeks somehow to replace the Russian dependency with an American dependency” as Europe looks for energy, Pouyanne said on LCI…
The House of Representatives’ Ad-hoc Committee on Pre-shipment Inspection of Exports and Non-Remittance of Crude Oil Proceeds has raised the alarm over massive revenue leakages that threaten Nigeria’s economic development. Chairman of the committee, Rep. Seyi Sowunmi (LP–Lagos), said at the opening of a capacity-building workshop in Abuja on Tuesday that billions of dollars are…
Saudi giant signed agreements and MoUs covering areas including liquefied natural gas, financial services, and advanced materials manufacturing Saudi Aramco has signed 17 Memoranda of Understanding (MoUs) and agreements with major US companies with a potential total value of more than $30 billion, the state giant said on Wednesday. The MoUs and agreements include a…
In a decisive ruling that resets one of Nigeria’s most closely watched commercial disputes, the Federal High Court in Lagos has vacated the sweeping ex parte order previously granted against Nestoil Limited and Neconde Energy Limited, restoring both companies to full control of their assets and operations. Justice Daniel Osiagor, who recently took over the…
TotalEnergies has signed agreements with its long-standing partner Conoil Producing Limited to acquire from Conoil a 50 percent operated interest in block OPL257 while Conoil acquires the 40 percent participating interest held by TotalEnergies in block OML136. Both OPL 257 and OML 136 are located offshore Nigeria. Following this transaction, TotalEnergies’ interest in OPL257 will…
