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The last may not have been heard on the acquisition of the $1.3 billion worth of shares of Mobil Producing Nigeria Unlimited by an indigenous oil company, Seplat Energy offshore Limited. This follows a surprise announcement last…
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The Federal Government on Sunday announced that it was carrying out a study to identify suitable gas flare sites for auction and that it would issue flare sites to technically competent companies through a competitive bid process. …
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Mallam Mele Kyar The scary and scandalous revelation by Mr. Mele Kyari, the Group Chief Executive Officer (GCEO), Nigerian National Petroleum Corporation (NNPC) Limited, that Nigeria loses a staggering sum of $1.9 billion monthly to…
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Chairman of Oilserv Group, Engr. Emeka Okwuosa said Africa needs nothing less than $3 trillion to meet its energy requirements by 2050. He pointed out that power remains the resource which would propel Africa’s economies from…
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In a fresh effort to rescue the economy from asphyxiation, the Federal Government has taken the battle against crude oil theft a notch higher by retooling security agencies stationed in oil producing communities across the Niger Delta…
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The Nigerian Association of Petroleum Explorationists (NAPE) called for sanctions on international oil companies (IOCs) that flout the decommissioning of non-functional oil and gas assets before their planned exit. Speaking in Abuja…
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*Eyes inflow of Direct Foreign Investment *Expanded access to Affordable Energy *Job Creation Less than a month after the unveiling of NNPC Ltd by Mr. President, has today, 12th August 2022, excitedly announced the execution of…
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By Tonia Okechukwu The rise in food insecurity around the world is fast becoming a cause of concern for agri-businesses, agro-allied firms, food processing and manufacturing companies, and World Leaders. The rising food…
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The attention of Nigeria LNG Limited (NLNG) has been drawn to a publication in the Vanguard Online of 10th August 2022 under the caption: "How govt officials facilitated $1.2bn crude oil, gas theft – Source." The report is false,…
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Oil giant spends $1.6bn on contracts to indigenous firms as Country Chair, Osagie Okunbor, expresses strong ties with Nigeria Shell Companies in Nigeria has paid $1.886 billion ($1.9bn approximate) on royalty and taxes to the…
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