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…
Shell Nigeria is celebrating Country Chair Osagie Okunbor, who is retiring this month after 39 years of service. Stakeholders in the oil and gas industry, including government officials, regulators, and chief executives of indigenous and international oil companies, are joining to honour Okunbor at the milestone ceremonies, which began in Abuja last night The dignitaries…
The world braced on for Iran’s response after the U.S. attacked key Iranian nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution. Iran vowed to defend itself a day after the U.S. dropped 30,000-pound bunker-buster bombs onto the mountain above Iran’s Fordow nuclear site while American…
Iran’s parliament has approved the closure of the strategically crucial Strait of Hormuz, a vital waterway for global oil shipments, in a significant escalation of tensions in the Middle East region. This decision, if effected, could push global oil prices up from below $80 to $150 per barrel. The decision comes after a US-led airstrike…
Olufemi Soneye has announced his decision to step down from his role as the chief corporate communications officer of the Nigerian National Petroleum Company Limited (NNPC Ltd). Soneye, who assumed the position 20 months ago, expressed deep gratitude to his team and professional associates, crediting them for their support, dedication, and collective effort in building…
Filling stations across the Lagos metropolis Saturday morning responded to the hike in the ex- depot price of Premium Motor Spirit(PMS), otherwise called petrol by Dangote Refinery late Friday. The Dangote Refinery on Friday adjusted it’s ex- depot petrol price from N825 per litre to N880, representing an increase of N55 per litre. In a…
-says the UK energy giant’s activities in the region have led to the destruction of fishing and farming. An influential traditional chief in Nigeria’s oil-rich Niger Delta yesterday demanded that Shell pay US$12 billion for environmental pollution before it leaves the region. Bubaraye Dakolo of the Ekpetiama kingdom appeared before a federal high court in…
