Oil&Gas - Page 5

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

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

PETROAN Urges Refiners To Slash Fuel Prices As Crude Oil Drops

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has asked refiners, depot owners, and fuel importers to reduce their prices. They say international crude oil prices have dropped, so pump

June 19, 2026

Oil&Gas

Aiboni Takes Charge Of Shell Nigeria

Shell has appointed Elohor Aiboni as Executive Vice President and Country Chair Nigeria. She takes over from Marno de Jong, who leaves after 34 years with Shell. The new appointment takes effect

June 17, 2026

Oil&Gas

Ondo Demands FG Reactivate 28-Year Dormant Oil Field

Governor Lucky Aiyedatiwa has demanded for the reactivation of a dormant Ondo oil field to boost Nigeria’s crude output. Receiving Sahara Energy team Tuesday in Akure, he said the asset, inactive since

June 17, 2026

Oil&Gas

Nigeria Pumps 1.70mbpd In May, Exceeds OPEC Target

Nigeria exceeded its the Organisation of the Petroleum Exporting Countries (OPEC)target in May 2026, pumping 1.70mbpd – the highest in 11 months. At 102% of the 1.5mbpd quota, the output keeps Nigeria

June 11, 2026

Oil&Gas

NNPC, Security Agencies Scale Up War On Pipeline Vandalism

A joint team of the Nigerian National Petroleum Company Limited (NNPC Ltd), security agencies and prosecutors inspected a vandalized NPSC crude pipeline in Pai, Kwali, FCT on Tuesday in the latest act to

June 11, 2026

Oil&Gas

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