The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption of the 2022/2023…
By Elvis Omoregie, Benin Business activities at the headquarters of BEDC Plc were paralysed on Monday, following the picketing of the premises by members of labour unions, under the umbrellas of Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).…
NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO) have announced the commencement of oil production at Oil…
Heirs Energies CEO and Transcorp Group’s President/Group CEO; Osayande Igiehon and Dr. Owen Omogiafo, OON, will join global business leaders at the 17th German-African Energy Forum in Hamburg, Germany, this week. As leaders of one of Africa’s largest integrated energy…
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three percent of the…
The Nigerian National Petroleum Company Exploration and Production Limited (NNPC E&P Ltd.) and Natural Oilfield Services Ltd. (NOSL) have announced the successful commencement of oil production at Oil Mining Lease (OML) 13 in Akwa Ibom State. Mr. Olufemi Soneye, Chief…
Governor Douye Diri of Bayelsa has squarely pointed fingers at International Oil Companies (IOCs), particularly Shell Petroleum Development Company, for the environmental degradation in the state. Diri made these assertions during the Annual Convention and Fundraising of the Ijaw National…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Calabar Unit, has identified lopsided distribution as the cause of the current scarcity of petroleum products in Cross River. Mr Robert Obi, IPMAN Chairman, Calabar unit, stated this on Friday in Calabar…
The House of Representatives has summoned the Director of the Niger Delta Power Holding Company (NDPHC) over the abandoned 252MW Power Plant at Gbarain, Bayelsa. The resolution followed a motion of urgent public importance by Rep. Oboku Aforji (PDP-Bayelsa) during…
NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan receives an award from PETAN’s Mr. Bank-Anthony Okoroafor, on behalf of the GCEO, NNPC Ltd, Mr. Mele Kyari, as a Keynote Speaker during the PETAN’s Technical Session at the ongoing 2024…
