• June 16, 2025
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Actions Taken by NCDMB Towards Addressing Sterling oil’s Non-Compliance Issues
General News Oil and Gas

Actions Taken by NCDMB Towards Addressing Sterling oil’s Non-Compliance Issues

March 19, 2025

The Nigerian Content Development and Monitoring Board (NCDMB) has noted the comments made by the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, during the union’s recent protest at the headquarters of Sterling Oil Exploration and Energy Production Company (SEEPCO), at Victoria Island, Lagos, over alleged anti-labour […]Read More

Tony Elumelu Foundation to unveil 2025 Cohort of Entrepreneurship Programme
General News Oil and Gas

Tony Elumelu Foundation to unveil 2025 Cohort of Entrepreneurship Programme

March 17, 2025

Lagos, Nigeria – March 17, 2025 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The Foundation’s 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF […]Read More

PIA: FG tasks Host Community Trusts on utilisation of 3% funds
Oil and Gas

PIA: FG tasks Host Community Trusts on utilisation of 3%

March 16, 2025

The Federal Government has urged Host Community Development Trusts (HCDTs) in the Niger Delta to maximize the three percent funds by PIA to ensure that communities reap the benefits of such funds. The News Agency of Nigeria (NAN) recalls that the Petroleum Industry Act (PIA) 2021 mandates oil firms to set aside three per cent […]Read More

NCDMB Rallies NNPC, oil producers to boost in-country manufacturing of line pipes
Oil and Gas

NCDMB Rallies NNPC, oil producers to boost in-country manufacturing of

March 9, 2025

The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday achieved a much-needed consensus among critical oil and gas industry stakeholders and manufacturers to ramp up in-country production and utilisation of line pipes in oil and gas operations, as part of the strategy deepen local content, and conserve foreign exchange and create jobs. Stock of […]Read More

NOSDRA DG commends Total Energies efforts for protecting oil facilities 
Oil and Gas

NOSDRA DG commends Total Energies efforts for protecting oil facilities 

March 7, 2025

Chief Chukwuemeka Woke, the Director-General, National Oil Spill Detection and Response Agency (NOSDRA) has commended Total Energies for its proactive steps towards ensuring effective surveillance and protection of oil facilities. Woke stated this at the Port Harcourt International Airport, Omagwa, on Tuesday, while inspecting a West African Surveillance Platform (WASP) workshop for Total Energies’ personnel. […]Read More

Seplat Energy’s Operating Profit Grows to N647.9bn in 2024FY
energy Oil and Gas

Seplat Energy’s Operating Profit Grows to N647.9bn in 2024FY

March 5, 2025

… Achieves 11 million Hours Without Lost Time Injury Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the twelve months ended 31 December 2024, with a strong operational and strategic progress in 2024 culminating with the transformational acquisition […]Read More

Infrastructure, key to developing Nigeria’s gas resources – Shell
Oil and Gas

Infrastructure, key to developing Nigeria’s gas resources – Shell

March 5, 2025

Shell has called for the development of infrastructure to promote the growth of domestic gas and monetisation of the resource. “The infrastructure will support the delivery of gas from producers to consumers in an efficient way that is also transparent and cost effective,” Managing Director Shell Nigeria Gas (SNG) Ralph Gbobo said at a panel session at the […]Read More

Chinese CNOOC to Begin $2.74 Billion Upgraded Refinery Complex
energy news Oil and Gas

Chinese CNOOC to Begin $2.74 Billion Upgraded Refinery Complex

March 5, 2025

The China National Offshore Oil Company (CNOOC), a state-controlled entity, is preparing to inaugurate a refinery and petrochemical complex later this year after a significant $2.74-billion upgrade, as reported by Reuters on Tuesday, citing industry insiders. The revamped joint venture complex, located on Daxie Island in Ningbo, will include a new 120,000-barrels-per-day (bpd) crude unit. […]Read More

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