Archives for Oil and Gas
NNPCL raises petrol pump price to N950/litre
After initial hesitation, the Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre…
Tinubu Sacks NNPCL Board, Appoint New Group CEO, Chairman
BY NGOZI ONYEAKUSI President Bola Tinubu has sacked the board of the Nigerian National Petroleum Company (NNPC) including its Group Chief Executive Officer, Mele Kyari and board chairman Pius Akinyelure…
Tinubu Appoints Olusegun Omosehin, Others To NCDMB Governing Council
BY NGOZI ONYEAKUSI Tinubu President Bola Tinubu has appointed four new members to the governing council of the Nigerian Content Development and Monitoring Board (NCDMB). In a statement on Thursday,…
NLNG to improve Operational Efficiency of domestic LPG supply
BY NGOZI ONYEAKUSI In line with its continuous improvement culture, NLNG has committed to working closely with its stakeholders to improve operational efficiency in its domestic Liquefied Petroleum Gas…
Local content in petroleum sector now 56%: NCDMB
The Nigerian Content Development and Monitoring Board, on Wednesday, announced that local content in the petroleum industry has now reached 56 per cent, with ongoing reviews likely to further enhance…
NCDMB Kicks Off Heritage Energy, Pledges Support for OML 30 Projects
BY NGOZI ONYEAKUSI L-R: Obisike Ubendu AGM Technical Shoreline Natural Resources Ltd (SNRL); Tunde Nwofor, CFO SNRL; Ado Oseragbaje, CEO Heritage Energy Operational Services Ltd (HEOSL) ; Felix Ogbe, Executive…
NCDMB Rallies NNPC, Oil Producers To boost In-Country Manufacturing Of Line Pipes
BY NGOZI ONYEAKUSI The Nigerian Content Development and Monitoring Board (NCDMB)has achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production…
Marketers worry as five-month fuel imports hit N6tn
Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported billion litres of Premium Motor Spirit (petrol) and Automotive Gas…
Seplat Energy’s Revenue Rises to N1.652trillion in 2024FY
… Declares US Cents Total Dividend Per Share for 2024FY Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock…
FG plans $122bn investment to diversify energy sources
The Federal Government has announced plans to secure a total investment of $ to diversify the country’s energy sources, reduce dependence on the national grid, and enhance the…
