Oil&Gas - Page 144

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

SEPLAT Records $28 million Profit In Q1

Seplat Petroleum Development Company Plc,has announced its unaudited results for the three months ended 31 March 2021, recording a rise in revenue by 16.8 per cent to $152.4 million with increased operational

April 30, 2021

Oil&Gas

DPR Harps On Cost Reduction Measures

The Department of Petroleum Resources (DPR) Wednesday said it will continue to embark on its current cost-cutting measures in the oil and gas industry to cope with the impact of the uncertainty

April 29, 2021

Oil&Gas

NEITI Intensifies Moves To Recover Unremitted N69bn

Dr. Orji Ogbonnaya Orji, the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, has urged the Accountant General of the Federation, Mr. Idris Ahmed to resuscitate the Inter-Ministerial Task Team

April 28, 2021

Oil&Gas

COVID-19 Resurgence Threatens Oil Demand Recovery – OPEC

The Organisation of Petroleum Exporting Countries has said that resurgence of the COVID-19 pandemic in many countries is posing a threat to economic and oil demand recovery, the Organisation of Petroleum Exporting

April 28, 2021

Oil&Gas

Group Seeks Reversal Of Total’s Force Majeure On $20bn LNG Project In Mozambique

The African Energy Chamber,has emphasized the need for Total Corporation to reverse declaration of force majeure on Mozambique $20bn liquefied natural gas project. The multinational oil company considered the legal on Monday

April 27, 2021

Oil&Gas

NIPCO’s Investment In Gas Infrastructure Legendary -Sylva

Minister of State, Petroleum Resources, Chief Timipre Sylva has lauded NIPCO Plc’s commitment to the development of requisite infrastructure to enhance effective utilization of the nation’s gas resources Chief Sylva disclosed this

April 26, 2021

Oil&Gas

NNPC,Petroleum Distributors Partner On Robust Downstream Sector

Mallam Mele Kyari ,the Group Managing Director of the Nigerian National Petroleum Corporation(NNPC),has pledged to work with the petroleum products distributors to sustain the prevailing sanity in nation’s downstream sector. He gave

April 24, 2021

Oil&Gas

Buhari Returns Four Oil Blocks To NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC). NNPC is in production sharing contract with Addax

April 24, 2021

Oil&Gas

AGPC Announces $10million On Capacity Development Initiatives

ANOH Gas Processing Company (AGPC) has reiterated its commitment to spending up to $10million on capacity development initiatives in the oil and gas sector. The Managing Director of AGPC, Okechukwu Mba said

April 23, 2021

Oil&Gas

DPR Begins Formal Handover Of Addax Assets

The Department of Petroleum Resources (DPR) has inaugurated a team of experts to evaluate the revoked assets of Addax Petroleum Exploration Nigeria Limited in preparation for formal handover to the new operators-

April 23, 2021

Oil&Gas

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