July 3, 2025 Nigeria’s energy sector received a major boost as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the number of active oil rigs operating in the country has risen to 44 as of July 2, 2025, up from 32 recorded in May 2025, arising from a reduction in oil theft credited to kinetic […]Read More
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) says Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects. Speaking at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, today, SNEPCo MD, Ronald Adams […]Read More
Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has released its Q1 2025 trading update. The Q1 2025 Unaudited Results showed a strong financial performance, with the company’s total revenue increasing by 19% to US$73.3 million, compared to US$61.4 million in Q1 2024. This was driven by the successful completion […]Read More
Oil and gas experts have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Ltd. (NNPCL), Mr Bayo Ojulari, to adhere to the rule of law and the Petroleum Industry Act (PIA) 2021. They said these were key to enhancing transparency, accountability, and investor confidence in the sector. Ojulari was appointed […]Read More
A group of protesters on Tuesday stormed the office of the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN) to demand the prosecution of former Nigerian National Petroleum Company Limited Group Chief Executive Officer, Mele Kyari. The group tagged Concerned Citizens Against Corruption, also asked the AGF to conduct a thorough […]Read More
Syria Nationwide blackout strikes due to malfunctions, authorities say, amid deepening economic crisis. Syria has suffered a nationwide power outage due to malfunctions at several points in the national grid, a spokesperson from the Ministry of Energy has said. The spokesperson said technical teams were addressing the issues that struck on Tuesday night. There has […]Read More
Troops of the 6 division Nigerian Army have arrested thirty nine suspected oil thieves and dismantled eighteen illegal refining sites in the ongoing crackdown against crude oil theft and other criminal vices in the Niger Delta region. This was contained in a statement by Lieutenant Colonel Danjuma Jonah, acting Deputy Director of the Nigerian Army […]Read More
The Federal Government has announced the closure of the Independence Bridge (Marina bound) Lagos, starting April 1 for essential maintenance and rehabilitation works. The Federal Controller of Works, Lagos, Mrs Olukorede Kesha, made this known in a statement on Monday in Lagos. She explained that the bridge would remain closed until the end of May […]Read More
The price of Premium Motor Spirit (PMS) popularly known as petrol at the pump has reportedly risen to between N930 and N970 per litre in parts of Lagos and its outskirts, up from the previous rate of N865 per litre. It was observed on Sunday that filling stations around Lagos have changed their pump price […]Read More
The Economic and Financial Crimes Commission, EFCC, wishes to react to media reports linking its investigations of Ms. Aisha Achimugu with political undercurrents involving former Vice President Atiku Abubakar and Lagos State Governor, Babajide Sanwo-Olu.  We wish to state unequivocally that the investigations of Achimugu have no correlation of any kind with the two political […]Read More
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