Industry

Global oil prices took a hit on Thursday, marking a sixth consecutive session of declines, following news of an upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin. The announcement, confirmed by…
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One of Africa’s most prominent businessmen and oil magnates, Femi Otedola, has revealed that his dominance of Nigeria’s diesel market was not driven by sheer ambition, but by necessity and an urgent response to the deep dysfunction…
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Former African Regional Director, Society of Petroleum Engineers (SPE), Engr Anthony Ogunkoya presenting the award to Oluwatobiloba Aribike, Front End Well Engineer deepwater, Shell Nigeria Exploration and Production Company Limited…
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The Nigerian independent, Belema Oil Limited, has staunchly remained the producer of a trickle of crude, averaging 210 Barels of Oil Per Day (BOPD), from the Oil Mining Lease (OML) 55  in June 2025, ten years after the company…
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A civic society organization, Oduduwa Transparency Network, OPN, has tasked the Attorney General of the Federation, AGF, and the Economic and Financial Crimes Commission, EFCC, to urgently investigate an alleged scheme to funnel…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released a detailed report on the concession status of 243 oil blocks across Nigeria, dismissing claims that 220 of these assets were abandoned. The announcement, made…
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The Central Bank of Nigeria (CBN) has increased the stop rate on 364-day Nigerian Treasury Bills to 16.50%, according to results from its latest primary market auction held on Wednesday. Acting through the Debt Management Office…
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L-R: Managing Director, Shell Nigeria Exploration and Production Company Limited (SNEPCo), Ronald Adams; SNEPCo’s Snr Production Geologist, Abidemi Belgore; Society of Petroleum Engineers, Council Chairman, Engr Dr. Amina Danmadami and…
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L-R: The Council Chairman, Society of Petroleum Engineers, Engr Dr. Amina Danmadami presenting award to General Manager, Shell Nigeria Exploration and Production company Limited (SNEPCo) Iyke Nnoaham for Shell’s contribution to Nigeria at…
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By Gideon Osaka As African nations strive for energy security, sustainability, and industrial development, African Energy Week (AEW) 2025 promises to be a defining moment of the year. From September 29 to October 3, 2025, Cape Town,…
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