Oil, Gas and Energy

The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by press. The memo dated February 14, 2024, said the decision was to enhance its service delivery, reduce operational costs, and make…

Shell Petroleum Development Company of Nigeria Limited says it has completed the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited (PHRC), through its Bonny Oil & Gas Terminal (BOGT). This, according to a statement signed by…

In a significant development for Nigeria’s oil and gas industry, Shell Petroleum Development Company Limited (SPDC) has delivered 475,000 barrels of crude oil to the Port Harcourt Refinery, marking a crucial step towards its imminent restart after years of inactivity. The Port Harcourt…

The Nigerian National Petroleum Company (NNPC) Limited have collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil firm’s revenue. The limit was set following a meeting between the CBN Governor, Olayemi Cardoso and the NNPCL…

The Nigerian National Petroleum Company (NNPC) Ltd has denied any imminent hike in the pump prices of Premium Motor Spirit (PMS), popularly known as petrol. Recently, some motorists have been experiencing difficulties buying petrol in filling stations amid fears that the authorities could…

TotalEnergies and its partners have announced the start of production from the Akpo West field on the Oil Mining License, OML2 license in Nigeria. In a statement; the company said the project would not only maintain production in its existing Akpo facilities but…

The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has taken a final decision with its joint venture partners to build a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote Fertiliser and…

The Nigerian National Petroleum Company Limited has explained the cause of the long queues in some filling stations in Lagos State. The NNPCL said the “tightness” was a result of what it called a “brief distribution issue”. There were long queues in some filling…

Latest data from the Nigerian National Petroleum Company (NNPC) Limited showed that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country. An analysis of NNPCL’s latest Consolidated and Separate…

Shell Petroleum Development Company Nigeria Ltd has been advised to obey the court order restraining it against selling its properties in Nigeria, pending the determination of the suit filed by Prince Afolabi Akinruntan and 1,215 others against the oil producing company. A letter…