Seplat Energy Plc has announced its drilling program for 2024 with plans to deliver 13 new oil and gas wells across its operated and non-operated assets. The company disclosed this in its unaudited results for the first quarter ending March…
Nigeria reportedly lost N340.87 billion to gas flaring in the first quarter of 2024, as oil and gas firms operating in the country’s oil and gas sector flared 83.9 billion standard cubic feet (BSCF) of gas in three months (January…
Nigeria secured N1.257 trillion from the export of natural gas and other gas products in the fourth quarter of 2023, according to data released by the National Bureau of Statistics, NBS. The NBS, in its Foreign Trade Report for the…
…As IBDEC, Ikeja Electric announce reduction in tariff The Nigerian Electricity Regulatory Commission (NERC) has approved a downward review of electricity tariff for Band ‘A’ customers from N225/kWh to N206.80 Under the approved review, Band ‘A’ customers who were previously…
Shell exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria last year through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have an estimated reserve of 4.96 billion barrels of oil. The Commission Chief Executive of NUPRC, Mr Gbenga…
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has developed a divestment framework to guide the assessment of applications for ministerial consent to the Shell Petroleum Development Company of Nigeria Ltd. (SPDC) divestment. The NUPRC said the framework with seven cardinal pillars…
The Abuja Electricity Distribution Company (AEDC), has attributed the power outage currently being experienced in parts of Abuja to technical fault on some of its feeders The company’s management in a statement on Monday in Abuja listed the feeders affected…
…As Tinubu issues directives to ensure reform Special Adviser to President Tinubu, Mrs Olu Verheijen, says Nigeria attracted only four percent of all energy investment in Africa in the past decade. This was disclosed in an interview where she highlighted…
The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited, citing the company’s inability to account for and clarify the location of the purported missing $2.04 billion and N164 billion in…
