Oil & Gas

Construction of Ondo Oil and Gas Park to start, NCDMB assures Govt, Investors    Actual construction of a low-cost manufacturing hub for equipment components and spare parts used in the oil and gas industry will start in Ondo State soonest, according to the Nigerian Content Development and Monitoring Board (NCDMB). Located at Ilaje, Ilaje Local […]

Managing Director of Nigeria’s leading deep-water oil and gas company, Shell Nigeria Exploration and Production Company (SNEPCo), Mrs. Elohor Aiboni, has urged the Nigerian government to replicate the Petroleum Industry Act’s (PIA) good fiscals terms for onshore oil projects and to put in place positive fiscal terms for gas projects that are not associated with

JUST IN: NNPCL increases petrol pump price to N617 per litre By Eyo Nsima NNPC Limited has raised the petrol price to N617 per litre from N537 in Abuja, Nigeria. The company has not given reasons for the change in price, but operators are allowed to increase or reduce prices in the spirit of deregulation.

NASENI Invites Producers of Lithium Batteries to Manufacture in Nigeria Receives Chinese delegation   The National Agency for Science and Engineering Infrastructure (NASENI) is calling on investors to collaborate with the Agency in local production and domestication of Lithium batteries among other renewable energy solutions.  The Executive Vice Chairman/CEO of NASENI Dr, Bashir Gwandu speaking

Oil marketers start fuel importation — NMDPRA By Eyo Nsima The hope for increased supply of petrol has emerged as oil marketers have embarked on importation. Before now, the product was mainly imported by the NNPC Limited and marketed by the major and independent oil marketers. But speaking at the stakeholders’ engagement with stakeholders in

Oil theft: NUPRC sets up regulatory framework that will address oil revenue loss- Komolafe .Says commission is focused on prevention and elevation of transparency in the energy sector As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the

One of Africa’s major oil and gas producers, Angola is demonstrating commendable efforts in prioritizing regional collaboration to ensure energy security and stimulate growth across the regional energy sector. By leveraging its position, resources and experience, Angola is forging strategic partnerships with neighboring countries, signing significant agreements, and initiating cross-border collaborations. These endeavors serve as

Nigeria, E/Guinea Mull New Opportunities in International Oil Sector    The Governments of Nigeria and the Republic of Equatorial Guinea have opened discussions regarding new partnership opportunities such as the establishment of a joint logistics base, deployment of indigenous capacities across countries, and lowering the costs of major oil and gas operations. These possibilities were