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Oil & Gas

Green Energy, Lekoil clarify position on ongoing court, arbitration dispute

Green Energy International Limited and Lekoil Nigeria Limited have clarified their position regarding recent media reports on a court matter stemming from a commercial...

Dangote signs $400m equipment deal to fast-track refinery expansion

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery,...

NUPRC warns public against fraudulent contract offers

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned the public against activities of fraudulent individuals who peddle contract offers purportedly on its behalf. A...

Alleged $25.5m debt: Court orders interim administration for Green Energy, Lekoil

A Federal High Court in Lagos has ordered an interim administration for Green Energy International Ltd. and Lekoil Oil and Gas Investments Ltd. following...

NLNG cuts Nigeria’s gas flaring to below 12%, eyes further expansion

Nigeria LNG Limited (NLNG) has reduced Nigeria’s gas flaring from about 62 per cent to less than 12 per cent through its Train 1–6...

NNPC declares N60.5trn revenue for 2025, posts N5.7trn profit

The Nigerian National Petroleum Company Limited (NNPC Ltd.) declared N60.5 trillion in revenue and N5.76 trillion Profit After Tax (PAT) in the 2025 financial...

How Nigeria can turn risks to opportunities in oil industry, by Shell

Nigeria can transform risks and complexities in the oil and gas industry to opportunities for growth and development if operators and regulators collaborate in...

‘Namibia’s resources must secure Namibians first’ – Campaigners react to US’ AU Summit statements

As African leaders convene at the African Union Summit to advance Agenda 2063 and assert the continent’s economic sovereignty, recent remarks by U.S. Ambassador...

Latest news

UN carbon market approves first‑ever issuance of credits under the Paris Agreement

A UN Body has approved the first credits to be issued under the UN carbon market established by the Paris Agreement.  The approved activity is...
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Gov Kefas flags off Bobboji Storm Water Project, upgrades ACReSAL to full-fledged agency

The Governor of Taraba State, Dr. Agbu Kefas, has officially flagged off the implementation of the Resettlement Action Plan...

Sagamu-Ibadan gas pipeline hits 80% completion as REA earmarks N170bn for 500 power projects

The Managing Director of NIPCO Gas Ltd., Mr. Nagendra Verma, says the 18-inch, 80-kilometre Sagamu–Ibadan natural gas pipeline has...

Must read

UN carbon market approves first‑ever issuance of credits under the Paris Agreement

A UN Body has approved the first credits to be issued under...

Gov Kefas flags off Bobboji Storm Water Project, upgrades ACReSAL to full-fledged agency

The Governor of Taraba State, Dr. Agbu Kefas, has...
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