Oil&Gas - Page 128

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

Oil Price Increases As OPEC Sees Slow Growth

The price of Brent, the crude against which Nigeria’s oil is priced, increased marginally on Monday as the Organisation of Petroleum Exporting Countries projected a slow growth momentum in terms of economic

January 4, 2022

Oil&Gas

PIA Will Boost Investment In Nigeria’s Oil,Gas Sector,Says NNPC

THE Nigerian National Petroleum Company (NNPC) Limited ,says the Petroleum Industry Act (PIA), would stimulate investment in 2022 and beyond. The NNPC,in a report said the birth of the PIA was a

January 3, 2022

Oil&Gas

Why FG May Not Remove Fuel Subsidy Next Year

The burden of petroleum subsidies on government finances may persist in 2022 despite the Petroleum Industry Bill,PIB,the Centre for the Promotion of Private Enterprise(CPPE),has said The centre in its latest 2022 economic

December 31, 2021

Oil&Gas

Nigeria To Receive N249bn Oil Proceeds From Six Multinationals Next Month – NNPC

The Nigerian National Petroleum Company Limited has said the sum of N249.3bn for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in

December 31, 2021

Oil&Gas

Firm Offers Free 35,000 Litres Of Cooking Gas To Enugu Residents

Second Coming Nigeria Limited, a major Liquefied Petroleum Gas (LPG) company, in conjunction with Enugu State Government has donated 35,000 litres of cooking gas worth ₦12 million to residents of the state

December 28, 2021

Oil&Gas

NNPC Earns N2.5trn From Petroleum Products Sale in One Year

The Nigerian National Petroleum Company (NNPC) Limited says it earned over N2.563 trillion from the sales of white products between July 2020 to July 2021. It said Premium Motors Spirit contributed about 99.67%

December 24, 2021

Oil&Gas

Breach:Seplat Sacks Austin Avuru

The Board of Seplat Energy has terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director of the company His sack,which was effected on 22nd December 2021,was due to breaches

December 24, 2021

Oil&Gas

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

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