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The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to attract new local investments into the country’s oil and gas sector at the 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State. Speaking to journalists in Abuja, NCDMB’s Executive Secretary, Engr. Felix Ogbe, disclosed that local content in the petroleum ...
The Minister of Power, Mr Adebayo Adelabu has condemned another attack on Eko Electricity Distribution Comapany (EKEDC) in Badagry, Lagos State by personnel of the Nigerian Army. The minister also condemned the forceful abduction, intimidation, assault, brutalisation of members of staff and destruction of the facilities at the sub-station. This is contained in a statement ...
...Bemoans Obasanjo over minimum wage comments By Seun Ibiyemi The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned of an imminent nationwide strike if the federal government fails to remove 10,699 Indian expatriates employed by Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) across 15 locations in Nigeria’s oil and ...
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has reiterated its dedication to ensuring that funds allocated under the Petroleum Industry Act (PIA) are properly channelled to foster tangible development in oil-producing communities, particularly in Bayelsa State. This commitment was affirmed by Mr Seyi Omotowa, Chief Upstream Investment Officer of NNPC Ltd., during a stakeholders’ ...
The recent acquisition of Shell Petroleum Development Company’s (SPDC) assets in Nigeria by Renaissance Africa Energy Company has been hailed as a historic milestone and a turning point for the nation’s energy industry. Renaissance Africa Energy Company is a consortium comprising ND Western, Aradel Holdings Plc, First Exploration and Petroleum Development Company Limited, Waltersmith Group, ...
...Upgrades Agbara 132/33kV transmission substation to boost power supply By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has announced the restoration of full bulk power supply to Eko and Ikeja Electricity Distribution Companies, allowing for uninterrupted distribution to consumers in Lagos State. In a statement issued on Tuesday, Ndidi Mbah, TCN’s General Manager of ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the alleged violation of local content laws by Sterling Oil Exploration and Production Company in Nigeria. At a News conference on Tuesday in Abuja, Mr Festus Osifo, PENGASSAN’s President accused the company of employing thousands of foreign workers, particularly Indians, ...
Petroleum engineers, under the umbrella of the Society of Petroleum Engineers (SPE), have expressed deep concerns over the large-scale waste of oil and gas resources, particularly natural gas, in Nigeria. Speaking at the inaugural Oilda Fireside Chat in Lagos, the Africa Regional Director of SPE, Engr Riverson Oppong, attributed the wastage to poor infrastructure and ...
…Minister sets up committee to address allegations By Seun Ibiyemi and Matthew Denis The Nigerian Content Development and Monitoring Board (NCDMB) has announced that it will launch an investigation into Sterling Oil Exploration and Energy Production Company (SEEPCO) over allegations of expatriate quota violations and unfair labour practices. This was disclosed in a statement issued ...
NNPC Limited has reaffirmed its dedication to ensuring that funds allocated under the Petroleum Industry Act (PIA) are efficiently utilised to drive tangible development in host communities. This commitment was underscored during a stakeholder engagement session with the KEFFESO Host Communities Development Trust (HCDT), a coalition of host communities comprising Koluama 1 and 2, Ezetu ...
In compliance with the amended constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended), the Nigerian Electricity Regulatory Commission has issued an order to transfer regulatory oversight of the electricity market in Plateau State to the Plateau State Electricity Regulatory Commission. Recall that with the EA 2023, the commission retains the ...
The Nigerian Content Development and Monitoring Board (NCDMB) has announced the launch of the first-ever Champions of Nigerian Content Awards, designed to honour individuals and companies that have made outstanding contributions to the advancement of Nigerian content in the oil and gas sector. In a statement issued over the weekend, the NCDMB disclosed that the ...
The Transmission Company of Nigeria (TCN) has rejected claims by the Benin Electricity Distribution Company (BEDC) that its maintenance activities were responsible for BEDC’s inability to supply electricity to its 33kV customers in certain areas of Delta State. This rebuttal was contained in a statement issued over the weekend by the TCN General Manager, Public ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it opposed the recent reduction in Premium Motor Spirit (petrol) prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited. A former presidential aide Reno Omokri, in a post on his verified X (formerly Twitter) handle on Saturday night, alleged that IPMAN ...
The Federal Government has increased crude oil supply to the Dangote Petroleum Refinery to boost local refining. This comes as the refinery reduces its loading gantry price from N825 to N815 per litre. Experts highlight that crude oil supply to the Dangote Refinery is key to boosting local refining and increasing domestic production capacity. An ...
The Transmission Company of Nigeria (TCN) has reported the collapse of four electricity transmission towers along the Owerri-Ahoada 132kV line due to vandalism. In a statement released on Thursday in Abuja, TCN’s General Manager of Public Affairs, Mrs Ndidi Mbah, confirmed that the affected towers—T171 to T174—were severely damaged, leading to their collapse. The incident ...
Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) has restated its commitment to staff welfare. It said it takes the alleged issues by PENGASSAN with utmost seriousness and responded immediately, displaying a commitment to resolve the issue and address any concerns by open, transparent, and constructive dialogue with the union. “As responsible corporate citizens, ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in partnership with Hostcom Project Management and Adversary Consult Limited, has called on Host Communities Development Trusts (HCDTs) to ensure the effective utilisation of trust funds for sustainable development initiatives within their respective communities. This appeal was made during a stakeholders’ engagement meeting aimed at raising awareness and ...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has commended Spaces For Change (S4C) for its significant advocacy efforts in empowering local communities affected by oil and gas operations. NEITI acknowledged S4C’s role in strengthening the capacity of citizens to hold public officials accountable, contributing to better governance and improved community engagement. Speaking at the 13th ...
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported that Nigeria secured approximately $17 billion in foreign investment in 2024, attributing the inflows to major regulatory reforms and executive orders introduced by President Bola Ahmed Tinubu in 2023. NNPC Ltd’s Executive Vice President, Upstream, Mr Udy Ntia, made this known during ...
The Nigerian Midstream and Downstream Petroleum Resources Authority (NMDPRA), Eket Field Office, has sealed 10 Liquified Petroleum Gas (LPG) retail outlets in Akwa Ibom for various offences. The state Coordinator of NMDPRA, Mr Ikechukwu Eseka, said this at the end of surveillance operation in Uyo on Wednesday. He said that the LPG retail outlets were ...
The Transmission Company of Nigeria (TCN) says that the ‘lines cut’ that occurred between Towers 420 to 422 on the Omotoso – Ikeja West 330 Kilo Volt (kV) transmission line affected power supply to Lagos state. This is contained in a statement issued by Mrs Ndidi Mbah, TCN’S General Manager, Public Affairs in a statement ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused Sterling Oil Exploration and Energy Production Company Ltd. of violating Nigeria’s labour laws and rules. The PENGASSAN President, Mr Festus Osifo, made the allegation during picketing of the oil company by PENGASSAN on Tuesday on Victoria Island in Lagos State. Osifo alleged ...
