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Oil & Gas

Reps secure seven major oil firms’ commitment to settle $37.4m debt

The House of Representatives has secured the commitment of seven major oil companies to pay the $37,435,094.52 (approximately ₦58 billion) owed the country before...

Michael Simire - March 10, 2025

Oil & Gas

NCDMB acquires 20% equity in 100kbpd refinery project

The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 barrels per day...

Michael Simire - March 9, 2025

Oil & Gas

Govt vows to address North-East energy challenges, promotes gas-powered economy

The Federal Government of Nigeria has reaffirmed its commitment to tackling the energy challenges plaguing the North-East region, ensuring that clean energy becomes accessible...

Michael Simire - March 9, 2025

Oil & Gas

NCDMB rallies NNPC, oil producers to boost in-country manufacturing of line pipes

The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday, March 6, 2025, achieved a much-needed consensus among critical oil and gas industry stakeholders...

Michael Simire - March 9, 2025

Oil & Gas

NNPC, FIRST E&P announce oil discovery in OML 85

The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have made a...

Michael Simire - March 7, 2025

Oil & Gas

African national oil companies drive exploration, production through IOC collaboration

Africa’s national oil companies (NOCs) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. By strengthening their balance-sheets through partial...

Michael Simire - March 7, 2025

Oil & Gas

Group commends Tinubu on improved crude oil production

The Tinubu Stakeholders Forum (TSF) has commended President Bola Tinubu’s administration for the increase in rig count from 19 to 40, with projections of...

Michael Simire - March 6, 2025

Oil & Gas

Infrastructure key to developing Nigeria’s gas resources – Shell

Shell has called for the development of infrastructure to promote the growth of domestic gas and monetisation of the resource. “The infrastructure will support the...

Michael Simire - March 4, 2025

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