Oil&Gas - Page 105

Renaissance Energy Acquires SPDC

Renaissance Africa Energy has completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC). Renaissance Africa Energy Holdings comprises four successful Nigerian independent oil and gas

March 14, 2025

by Mohammed Shosanya

Africa Must Develop Natural Gas Market

The African Energy Chamber (AEC),has advocated the need for African nations to focus on developing a natural gas market in order to serve as the foundation of the continent’s energy industry. Its

January 4, 2023

Oil&Gas

Africa’s $245bn Gas investments May Be Stranded -Report

Africa’s $245billion gas investments are in danger of turning into stranded assets, as they are designed as a short-term solution to Europe’s energy crisis,Global Energy Monitor’s report,has said. It outlines that

January 4, 2023

Oil&Gas

TUC Rejects Import-Dependent Deregulation,Fuel Scarcity

By Tunde Sholanke The Trade Union Congress of Nigeria,TUC has deplored import-dependent deregulation of the downstream sector of the country’s oil industry. Specifically,the union rejected the clamour by some politicians and political

January 2, 2023

Oil&Gas

Savannah Energy Joins Extractive Industries Transparency Initiative

Savannah Energy PLC, the British independent energy company,has joined the Extractive Industries Transparency Initiative (“EITI”) in support of EITI’s mission to promote the open and accountable management of oil, gas and

December 22, 2022

Oil&Gas

Mini Bid Round: FG Offers 7 Oil Offshore Blocks, Woos Investors

The federal government is offering for sale seven oil offshore blocks under the 2022 Mini Bid Round Programme. The blocks cover an area of approximately 6,700 km2 in water depths of 1,150m

December 22, 2022

Oil&Gas

Sylva: Nigeria Will Restore Full Production Of Crude Oil

Minister of State Petroleum Resources Chief Timipre Sylva,says the Federal Government was workin to ensure that all local and international oil companies return to full capacity production of crude oil in the

December 21, 2022

Oil&Gas

Nigerians Need Subsidy On Diesel, Not Fuel -Marketers

The Natural Oil and Gas Suppliers Association of Nigeria, NOGASA,has emphasized the need for the federal government to shift subsidies from petrol to diesel to reduce the operational cost of distributing petrol

December 20, 2022

Oil&Gas

Petroleum Producers See Robust Oil, Gas Industry In 2023

The Independent Petroleum Producers Group (IPPG),says Nigeria will see numerous changes across the entire oil and gas value chain in year 2023 The chairman of the IPPG, Mr. Abdulrazaq Isa, disclosed this

December 20, 2022

Oil&Gas

Raise Funds From Local Market, Marginal Field Coys Urged

Stakeholders in the country’s oil and gas industry have advised marginal field companies to focus on local market to raise finance. The suggestion stems from the difficulty in sourcing funds internationally.

December 17, 2022

Oil&Gas

NAPGCO Vows To Protect New Petroleum Act From Political Manipulation

The National Association of Petroleum Products and Gas Consumers (NAPGCO) has vowed to protect the Petroleum Industry Act from political manipulation by any administration, in the interest of the growth of the

December 16, 2022

Oil&Gas

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