Oil&Gas - Page 126

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

NNPC Alerts Public Of Fake Online Promotion

The Nigerian National Petroleum Company Limited (NNPC), alerted Nigerians to a fake competition trending online which claims to celebrate a so called “Anniversary Event”. It said In the purported contest, unsuspecting participants

December 21, 2021

Oil&Gas

Nigeria’s Oil Exploration To Increase Petroleum Reserve To 40 million barrels In 9 Years

The Federal Government says it is making efforts towards increasing the petroleum reserve in the country to 40 million barrels from the current 36 million by 2030. The Minister of Science and

December 21, 2021

Oil&Gas

Pan Ocean’s Amukpe-Escravos Pipeline Comes Alive

The 67-kilometre long Amukpe Escravos Pipeline (AEP) has commenced operations The company said the develope demonstration of commitment by Pan Ocean Oil Corporation (Nigeria) to deliver results, leading to the commissioning of

December 18, 2021

Oil&Gas

National Fuel Reserve Hits 2bn Litres In One Month-NNPC

The Nigerian National Petroleum Company Limited,says its fuel stock has increased from a reserve of 1.7billion litres to over two billion litres within the last one month. Spokesman of the company,Garba Deen

December 15, 2021

Oil&Gas

Assets:Savannah Energy Signs SPAs With Exxon Mobil Corporation,PETRONAS (E&P)

Savannah Energy has signed Share Purchase Agreement (“SPA”) with Exxon Mobil Corporation, ExxonMobil International Holdings, Inc. and Esso Exploration Holdings, Inc. (“Exxon”). It has separately signed an SPA with PETRONAS (E&P) Overseas

December 14, 2021

Oil&Gas

5G:FG Rakes In N227bn From Sales Of Licenses To MTN, Mafab

MTN Nigeria and Mafab Communications have emerged winners of the two slots of the 3.5GHz spectrum auction for the Fifth Generation (5G) network licenses for a total fee of $546m or N226.6

December 14, 2021

Oil&Gas

Nigeria Regains Weight In Africa,Produces ‘47,000 Barrels Per Day

The Organisation of Petroleum Exporting Countries (OPEC),has declared that Nigeria has regained the top spot in Africa, producing an average of 1.27 million barrels per day last month. The cartel announced this in

December 14, 2021

Oil&Gas

How NNPC’s Trading Surplus Hits N141.96bn

The Nigerian National Petroleum Company (NNPC) Limited has disclosed a trading surplus of ₦141.96billion recorded in June 2021. This,it said, compared to a deficit of ₦37.46Billion in May 2021. A statement by

December 13, 2021

Oil&Gas

Gas Resource Will Nigeria’s Economy Around In 10 Years-NGA President

The Managing Director, Shell Nigeria Gas & President Nigerian Gas Association , Ed Ubong has advocated urgent strategy to grow Nigeria’s capacity in the gas sub-sector. He said this would ensure

December 10, 2021

Oil&Gas

PIA:Kyari Sees Increased Investments In Oil,Gas Industry

The Group Managing Director of the Nigerian National Petroleum Company, NNPC, Limited, Mele Kyari,has said Nigeria has renewed its commitment to attracting investments in the oil and gas industry through the birth

December 9, 2021

Oil&Gas

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