Oil&Gas - Page 124

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

No Shortage of Oil Despite Surging Prices, Says Barkindo

There’s no shortage of the crude oilin the market despite the surging prices of the commodity,the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Sanusi Barkindo, Barkindo, who said this at CERAweek

March 10, 2022

Oil&Gas

Our Move On ExxonMobil Assets Acquisition Intact, Says Seplat

Seplat Energy says it has not aborted its move to acquire Exxonmobil assets in Nigeria The company conveys the clarification in a statement,saying the Sale and Purchase Agreement (SPA), earlier announced February

March 8, 2022

Oil&Gas

Oil,Gas Sector Contributed 8.2% To Nigeria’s GDP In 2020 – NEITI

The 2020 oil and gas industry audit report released by Nigeria Extractive Industry Transparency Initiative (NEITI) showed that the oil and gas sector contributed only 8.16% to the total GDP in 2020. This

March 8, 2022

Oil&Gas

NNPC Explains Interest In Power Plants,Gets Varsity Students’ Support To Stop Fuel Scarcity

Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC),has justified its interest in the acquisition of the power plants put up for sale by the Federal Government through the Nigeria

March 8, 2022

Oil&Gas

NNPC Records 353% Increase in Trading Surplus

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading surplus of ₦37.50billion for the month of September 2021 representing a 352% increase from the ₦8.29billion surplus in August 2021.

March 5, 2022

Oil&Gas

TotalEnergies Hints On Energy Transition Plans

TotalEnergies has revealed its plan to comply with ongoing global energy transition Mr Victor Bandele, the Deputy Managing Director in charge ’Total E&P Nigeria Limited’s Deepwater gave the hint while speaking during

March 3, 2022

Oil&Gas

NNPC, IOCs,Dangote Seal Gas Supply Agreement

The Nigerian National Petroleum Corporation Limited (NNPC) ,has sealed deal with partners on gas aggregation to increase local production of fertiliser in the country. The agreement was signed in Abuja on the

March 3, 2022

Oil&Gas

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

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