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

Forex: Marketers Stop Importation Of Aviation Fuel

Oil marketers Monday announced that they have stopped importation of of aviation fuel into the country on account of lack of access to foreign exchange. The umbrella body of the marketers,Major Oil

May 9, 2022

Oil&Gas

NNPC Explains Return Of Fuel Queues In Abuja,Promises Adequate Supply

The Nigerian National Petroleum Company NNPC Limited has attributed the growing fuel queues in the Federal Capital Territory (FCT) Abuja to low loadouts at depots which usually happen during long public holidays. It

May 9, 2022

Oil&Gas

We’ll Protect Your Interest, Lekoil Ltd Assures Shareholders

Lekoil Limited (“LEKOIL”) has requested its shareholders to disregard the recent statement issued by Lekoil Nigeria and contact it if they have any queries about its operations. In a statement titled ‘Litigation

May 9, 2022

Oil&Gas

Nigeria,Angola Responsible For Half of OPEC+ Oil Supply Gap

Almost half the shortfall in planned oil supply by Organisation of Petroleum Exporting Countries and its allies is due to Nigeria and Angola, a data shows. It reflects a number of factors

May 6, 2022

Oil&Gas

OVH Energy Marketing Leads Campaign Against Fake Lubricants In Nigeria

OVH Energy Marketing recently joined industry experts to discuss the application of technological developments to the industry at the 2022 edition of the International Lubricant Conference themed “Technology and its application to

May 5, 2022

Oil&Gas

Stakeholders To FG: Cancel 2020 Marginal Oil Fields Award Now

Stakeholders in the country’s oil and gas sector have advocated the need for the Federal Government to reverse the award of 2020 marginal oil fields in the country. They said the

May 4, 2022

Oil&Gas

How PIA Institutions Can Boost Nigeria’s Oil, Gas Sector- Iledare

A professor of petroleum economy, Wunmi Iledare, has given suggestions on how institutions of the Petroleum Industry Act can boost Nigerian oil and gas industry. He spoke in his opening remarks during

May 2, 2022

Oil&Gas

Seplat Energy Grows Profit By 197.8%

Seplat Energy Plc, has announced its unaudited results for the three months ended 31 March 2022, recording a rise in profit before tax by 197.8 per cent to N34.7bn from N10.6bn

April 29, 2022

Oil&Gas

Upstream Sector Payments To Governments To Hit US$2.5 trn

Rystad Energy research,says sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of US$2.5 trillion this year, with Saudi

April 29, 2022

Oil&Gas

Divestment: Stakeholders Kick,Accuse FG Of Empowering IOCs To Dictate Terms

Stakeholders in the Niger Delta have accused the Federal Government of Nigeria and its oil and gas industry regulatory agencies of complicit silence as the international oil companies (IOCs) dictate the terms

April 25, 2022

Oil&Gas

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