Oil&Gas - Page 119

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

Nigeria To Spend N6.72tr On Subsidy Next Year

The Federal Government will earmark N6.72trillion for fuel subsidy in 2023 ,Mrs Zainab Ahmed, the Minister of Finance Budget and National Planning,has said. The Minister ,who disclosed this in Abuja on Thursday

July 21, 2022

Oil&Gas

FG To Indigenous Firms: Develop Nigerian Upstream Sector Through Acquisition Of IOC Assets

The Federal Government has implored Indigenous Petroleum Producers Group (IPPG) to take advantage of the ongoing divestments by International Oil Companies (IOCs) to significantly increase their investments in oil and gas assets

July 21, 2022

Oil&Gas

Transition: NNPC ‘ll Compete Favourably With Global Oil Firms -NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Nigeria National Petroleum Corporation is now in a better position to compete favourably with leading international oil companies around the world following

July 19, 2022

Oil&Gas

Consumers Kick As NNPC Raised Pump Price Of Fuel

Stakeholders and consumers of fuel in Nigeria,today,expressed discontent over the sudden adjustment in the pump price of the product by the Nigerian National Petroleum Company. They said the development shows that

July 19, 2022

Oil&Gas

Buhari Unveils New NNPC, Says Coy Will Boost National Energy Security

President Muhammadu Buhari today unveiled the Nigerian National Petroleum Company Limited, assuring that the new company will guarantee energy security in the country. He described the NNPC Limited as the largest national

July 19, 2022

Oil&Gas

PTDF Mulls Domestication Of Foreign Training Programmes

The Petroleum Technology Development Fund (PTDF) is willing to partner oil and gas industry stakeholders for domestication of the Fund’s foreign training programmes. Dr. Bello Aliyu Gusau, the Executive Secretary of PTDF,

July 18, 2022

Oil&Gas

FG Considers Legal Action To Recover N2.66tr Oil Royalties

The Federal Government is considering legal action oil and gas companies that failed to remit outstanding taxes, royalties and levies to the Federation Account. The Nigeria Extractive Industries Transparency Initiative, NEITI, gave

July 14, 2022

Oil&Gas

Indigenous Players Better Equipped To Handle Post Divestment Challenges -IPPG

The Independent Petroleum Products Group (IPPG) has said that indigenous players are equipped and able to fill the void post International Oil Companies divestments. Speaking during the opening ceremony of the 2022

July 13, 2022

Oil&Gas

Bayelsa Govt Seeks Increased Investments From Shell

Bayelsa State Government has advocated better collaboration with Shell Petroleum Development Company of Nigeria Limited (SPDC) to enable more investments in the state, and to give more value to people of Bayelsa.

July 13, 2022

Oil&Gas

Fossil Fuel:High Inflation Dwarfs Nigeria’s Economic Outlook -OPEC

Organisation of the Petroleum Exporting Countries (OPEC) has said that high inflation has dwarfed Nigeria’s short-term economic outlook despite the recent improvement in fuel prices This had reduced private sector optimism and

July 13, 2022

Oil&Gas

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