Industry

Group Managing Director (GMD) of UTM Offshore Ltd, owners of Nigeria’s first indigenous Floating Liquified Natural Gas (FLNG), Dr. Julius Rone has been conferred with the inaugural Royal Order of Iwere Distinguished Award by the Olu of…
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Atiku Abubakar A former Vice President, Atiku Abubakar, has asked the federal government to explain why Oando Plc got accelerated approval to buy the onshore assets of Agip and Eni while other transactions such as the Shell/Renaissance…
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The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday provided an update on recent divestment activities involving International Oil Companies (IOCs), stating that Ministerial approvals…
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On August 21, Cajethan Aniaku, commander of NNS Pathfinder, said the navy discovered an illegal crude oil refining site with a capacity of 200 million barrels per day (bpd) of petroleum products.  Speaking to journalists during a …
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Dangote Petroleum Refinery is currently conducting test runs for petrol production, with expectations for full operations to begin by mid-September, according to a report by Reuters. The report Indicates that the timeline may be…
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Aradel Holdings Plc (“Aradel Holdings” or “the Company”), through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100% interest in the Olo and Olo West Marginal Fields from TotalEnergies…
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The Society of Petroleum Engineers (SPE) Nigeria Council has unveiled the theme for Nigeria Annual International Conference and Exhibition (NAICE) 2025: “Building a Sustainable Energy Future: Leveraging Technology, Supply Chain,…
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*Stakeholders push for increased IGRs Tougher times await federal, states and local governments as subsidy on premium motor spirit (PMS) is set to erode over N7.7 trillion from the Federal Allocation Account by December this year.…
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A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde Nigerian authorities are facing a resurgence of petrol smuggling as price disparities…
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Fresh facts have emerged on the dirty undercurrents in the export of crude oil in the Upstream sector at a colossal loss in taxes to the Federal Government by a Nigerian company Matrix Energy Group which has strong ties with top guns…
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