Oil & Gas

There is a severe need for funding in the upstream and midstream segment of the energy sector in Nigeria, and relevant success stories from the country will facilitate these investments, the Chief Executive Officer, Seplat Energy Plc, Mr. Roger Brown, has said. He said attracting the necessary funding will be dependent on regulatory reforms, fiscal […]

The Organization of the Petroleum Exporting Countries (OPEC) has launched the 2023 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 11 July 2023, at 14:00 (CEST) at the OPEC Secretariat in Vienna, Austria. The event was held in a hybrid format. The publication and its key highlights were presented by OPEC Secretary General, HE

The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has applauded the deregulation of the petroleum downstream sector and the unification of foreign exchange rates. As the Chief Executive Officer of Ardova Energy, Adeosun acknowledged that the issues of foreign exchange and fuel subsidy had been addressed, but he stressed

Sahara Group, The Comms Avenue collaborate to celebrate World PR Day   Sahara Group, a leading international energy and infrastructure conglomerate, partnered with The Comms Avenue, a Pan-African capacity-building platform for Communications professionals, to host young professionals in the industry at a private event in Lagos on Saturday 8th July to celebrate World PR Day

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange (NGX) and the London Stock Exchange (LSE) has emerged as the winner of the ‘Excellence in Energy Leadership Company of the Year 2023’ award at the Excel Africa Excellence in Corporate Enterprise and Leadership Awards. Its Chief Executive Officer, Mr.

MARKET UPDATE: Prices leap toward $90 per barrel as uncertainty persists By Eyo Nsima Oil prices, weekend, started to leap toward $80 per barrel on the expectation of increased demand in China and a few other oil-consuming economies. Specifically, the prices of Murban crude, Brent, and the Organisation of Petroleum Exporting Countries, OPEC, rose to

NIGERIA’s PETROLEUM INDUSTRY ACT: Ministry of Justice reviews six new regulations By Eyo Nsima The Federal Ministry of Justice in Abuja, Nigeria, has started reviewing six new regulations, targeted at enhancing the implementation of the nation’s Petroleum Industry Act, PIA. The regulations include Upstream Environmental Remediation Fund Regulation 2023; Upstream Environmental Management Regulation 2023; Upstream

B of A Research tasks President Tinubu on oil theft By Eyo Nsima B of A Research has tasked the President Bola Ahmed Tinubu of Nigeria on oil theft, currently affecting the nation’s economy. According to available data, Nigeria losses between 300,000 – 400,000 barrels per day, bpd to oil theft, a development that reduces