Oil&Gas - Page 122

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

Shell’s Gas To Energize Nigeria’s Biggest Fertiliser Company

The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC),has signed

March 3, 2022

Oil&Gas

Africa Needs Local Technology To Boost Energy Industry – Wabote

Simbi Wabote, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB),has emphasized the need for Nigeria and Africa to develop homegrown technology for effective operations and development of its available energy

March 3, 2022

Oil&Gas

Russia/Ukraine Crisis Will Escalate Energy, Bread Prices In Nigeria – Muda Yussuf

The current Russia and Ukraine impasse will cause escalation of energy prices [diesel, aviation fuel, kerosene and gas], mounting petrol import and subsidy bill and the aggravation of petrol smuggling in Nigeria,

March 1, 2022

Oil&Gas

Huawei Harps On Digitalization Of Oil,Gas Industry

Huawei says digital transformation is inevitable for the oil and gas the industry to efficiently and sustainably address the challenges that global dual carbon goals are bringing in energy sector. The global

February 28, 2022

Oil&Gas

Crude Oil Prices: Wabote Sees Increased Prospects For African Producers

Executive Secretary,Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote,says the recent spike in crude oil prices presents excellent opportunity for African oil producers and its service providers to develop new

February 25, 2022

Oil&Gas

Oil Prices Hit $100 As Russia Orders Military Action In Ukraine

Russian President Vladimir Putin has announced a military operation in Donbas, which contains two Russian separatist-held regions of Ukraine, in a move that further escalated tensions with the West and sent Brent

February 24, 2022

Oil&Gas

NLNG Appoints Ogunleye As New Deputy MD

The Board of Directors of Nigeria LNG Limited (NLNG) has approved the appointment of Mr Olalekan Olufemi Ogunleye as successor to Engr. Sadeeq Mai-Bornu as Deputy Managing Director of the company. Engr.

February 24, 2022

Oil&Gas

TotalEnergies Makes New Oil Discovery In Namibia

TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. The Venus 1-X well encountered

February 24, 2022

Oil&Gas

NNPC Rakes In $224.29m From Export Of Crude Oil, Gas

The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 against $191.26million recorded last July A breakdown of the figures

February 9, 2022

Oil&Gas

33 Investors Lose Oil Fields As FG Rakes In N174bn From Signature Bonus

About 33 oil companies lost right to the Marginal oil fields for their inability to comply with the 45 days deadline required to pay the signature bonus for the fields. The Nigerian

January 28, 2022

Oil&Gas

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