Oil&Gas - Page 2

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 Output Hits 1.8m bpd, FG To Review 270 Levies

Nigeria’s crude oil output has hit 1.8 million barrels per day, the Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, has said. He disclosed this on Tuesday while declaring open

July 7, 2026

Oil&Gas

Renaissance Records 1,000ft Oil Find In OML 74, Targets Higher Output

Renaissance Africa Energy Company Limited has announced a major discovery in OML 74 offshore Nigeria, with its JK-004 well logging about 1,000 feet of hydrocarbons in seven reservoirs. The company said early

July 7, 2026

Oil&Gas

Chevron, NNPC Gas Unit Ink Agreement For Escravos Gas Delivery To Lagos Pipeline

Chevron Nigeria Limited and the NNPC Gas Infrastructure Company Limited have signed a Network Entry Agreement to facilitate gas delivery into the Escravos–Lagos Pipeline System. The agreement between Chevron, operator of the

July 7, 2026

Oil&Gas

Dangote Slashes Petrol Price To N1,075/Litre

Dangote Petroleum Refinery has announced another N50 per litre cut in the ex-depot price of Premium Motor Spirit (PMS), its fourth reduction in a month. The current reduction brings the total PMS

July 3, 2026

Oil&Gas

Shell, Nine Banks Unveil $3 bn Contractor Support Fund

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has launched a $3 billion Contract Finance Facility to support Nigerian contractors working on its operations. The fund was unveiled in partnership with nine

July 2, 2026

Oil&Gas

Nigeria’s Crude Output Rises To 1.73mbpd In 5 Months

Nigeria’s crude oil and condensate output rose to 1.73 million barrels per day in May 2026, up from 1.68 million bpd in April, the Nigerian National Production Company Limited has reported. According

July 2, 2026

Oil&Gas

Sahara Group Appoints Soetan To Lead Arahas’ Africa Oilfield Transformation

Sahara Group has appointed Folake Soetan as Managing Director of Arahas Global Oilfield Services from July 1, 2026. She will lead the company’s subsidiary’s transformation push under Sahara’s Beyond XXX agenda, which

July 1, 2026

Oil&Gas

Fuel Price Fixing Threatens PIA, Iledare Warns

Prof. Wumi Iledare, Professor Emeritus of Petroleum Economics, has said that executive fuel price fixing will undermine the very purpose of the Petroleum Industry Act, PIA. Iledare’s comment came on the heels

July 1, 2026

Oil&Gas

NUPRC, Defence Ministry Mull Non-Force Approach To Protect Oil Assets

The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Federal Ministry of Defence have agreed to work closer on securing Nigeria’s oil and gas infrastructure using non-kinetic strategies. The approach focuses on

June 24, 2026

Oil&Gas

NLNG Train 7 Graduates 70 Young Professionals For Nigeria’s Oil, Gas Sector

Seventy young professionals have completed NLNG Train 7’s one-year Human Capacity Development training, graduating with specialized skills in Data Analysis and Supply Chain Management to boost Nigeria’s oil and gas workforce. The

June 22, 2026

Oil&Gas

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