Indigenous service companies in the Nigerian Oil and Gas Industry have been advised to invest in asset ownership because it is a major yardstick used by the Nigerian Oil and Gas Industry Content Development (NOGICD) Acttodefine Nigerian companies and confer…
The 650,000bpd Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) as well as other modular refineries are expected to be the major drivers of Nigeria’s demand for petroleum products, which is projected to grow massively in the nearest future. Speaking…
…Pays $0.025 dividend for Q3 Seplat Energy Plc (“Seplat Energy” or “the Company”), a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has reported a nine month (Q3) 2021 revenue of N182.7bn,…
The President of the Nigerian Association of Petroleum Explorationists (NAPE), Mrs. Patricia Ochogbu has implored oil exploration and production companies to brace up for the opportunities and challenges in the new era created by the birth of Petroleum Industry Act in the…
Nigeria’s oil major, subsidiary, Shell Production Development Company, (SPDC), has declared force majeure on Bonny Light crude oil loadings beginning from Monday, after the shutdown of a key pipeline. “SPDC has declared a Force Majeure on the Bonny Oil and…
Engr. Simbi Kesiye Wabote, executive secretary, Nigerian Content Development and Monitoring Board, NCDMD, will deliver the Ninth Anniversary Lecture of Realnews Magazine on Thursday, November 18, at the Sheraton Hotel, Lagos, by 10 am prompt. “Nigeria in the Unfolding Integration of the African Market:…
Crude oil futures inched higher on Friday as bearish pressures from US inventory builds and the resumption of Iranian nuclear talks ran up against the ongoing narrative of a severe oil market deficit. December Brent futures contract was up 21…
The Lagos State Government has raised concerns over the country’s inefficient and over-centralised electricity supply system, resulting in the State’s residents generating over 4,500MW through the use of generators. The State is further considering other measures to support growing commercial…
The Federal Government through the Ministry of Power says it is committed to implementing its key power projects to give Nigerians more access to electricity. This was disclosed by Nigeria’s Minister of Power, Mr Abubakar Aliyu in a statement in…
Rainoil Ltd has decried the recent disruption of activities at its retail station located at Admiralty Way, Lekki recently by officials of Quest Petroleum Limited, purported owners of Ascon Oil Limited, accompanied by several armed mobile policemen. The firm claimed…
