The Nigerian National Petroleum Company (NNPC) Limited has thrown its weight behind Executive Order 9, arguing that it will improve financial transparency in the energy sector. NNPC Limited’s Group Chief Executive Officer (GCEO), Bayo Ojulari, said this on the sidelines of the CERAWeek by S&P Global in Houston, United States. “Regarding Executive Order 9, the…
Esso Exploration and Production Nigeria Limited, an affiliate of ExxonMobil, broke ground Tuesday on a permanent Shore Base facility at the Lagos Deep Offshore Logistics Base, becoming the first international oil company to fully fund the construction of such infrastructure within Nigeria’s premier deepwater logistics hub. The ceremony at LADOL’s Apapa Port complex drew senior…
The Executive Secretary ofthe Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has expressed confidence that the five-star Radisson Hotel and Conference Centre, Yenagoa, Bayelsa State, would be completed and commissioned in December 2026, just as South Africa’s Edison Corporation, incorporating Radisson Hotels Group, assured of world-class services. Addressing visiting top executives…
The Nigeria LNG Limited has inducted 103 trainees into its Vocational Innovation Business and Empowerment Scheme, marking a new cohort in the company’s empowerment programme. This was contained in a statement issued in Port Harcourt, Rivers State, on Monday by the NLNG Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku. The induction, held in Port…
Shell’s Nigerian deepwater subsidiary has resumed production at the Bonga field, one of sub-Saharan Africa’s most significant offshore oil developments, after completing a major maintenance overhaul eleven days ahead of schedule, a result that will ease pressure on Nigeria’s beleaguered crude output figures and deliver a fresh financial boost to Africa’s largest economy. Shell Nigeria…
IPMAN rejects fuel imports as Dangote Refinery denies supply disruption claims The Dangote Petroleum Refinery has reversed its recent price reduction, raising its ex-depot price for Premium Motor Spirit back to ₦1,175 per litre, a move that has prompted depot operators across the country to temporarily suspend sales transactions. A source at the refinery confirmed…
The Nigerian Upstream Petroleum Regulatory Commission has declared that the era of oil companies holding on to exploration licences for years without developing the assets is officially over, as new provisions under the Petroleum Industry Act compel operators to either develop their fields or relinquish them. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan,…
Chevron Nigeria Limited has reiterated its commitment to socio-economic development in the Niger Delta, signalling continued engagement with regional stakeholders over key infrastructure initiatives, including the proposed Escravos–Warri Road project. The company, operator of a joint venture with Nigerian National Petroleum Company Limited (NNPCL), said it remains actively involved in discussions surrounding the project and…
An unprecedented 400 million barrels of stockpiled oil will be released into the market by 32 countries, including Japan, the International Energy Agency said Wednesday, as the war in the Middle East threatens supply and rattles markets.Investors remain unconvinced by the move. “The oil market challenges we are facing are unprecedented in scale, therefore I…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted import permits for petrol to six depot owners and petroleum marketers. Industry insiders view this as a strategic step by the Federal Government to ensure stability and balance in the country’s downstream fuel sector. According to multiple sources in the industry, the regulator recently…
