Oil, Gas and Energy

Employees of Addax Petroleum Development Nigeria have embarked on an industrial action over anti-labour practices. Addax, owned by China’s Sinopec Group, has four Oil Mining Licences operating the assets in Production Sharing Contract (PSC) with the Nigerian National Petroleum Company (NNPC) before its…

Many operators in the oil and gas sector yesterday told the House of Representatives Committee investigating money paid on subsidy by the Federal Government that they have not received any subsidy payment from the government since 2015. The companies said the transactions…

THE Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked media reports that it has commenced retrenchment of its workers after transitioning to a commercially driven entity. The Group General Manager, Group Public Affairs Department of the NNPC Ltd., Garba Deen Muhammad, said…

French oil and energy company TotalEnergies has begun production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022, it said on Monday. The field production…

The Nigerian National Petroleum Company Limited (NNPCL) has offered workers willing to exit the firm before their due retirement a “tempting” package to facilitate their leaving the company, THISDAY learnt yesterday. It was gathered that as many as 500 employees may be affected…

The Federal Government has shut down the diving operations of Scorpion Oil Services onboard MV African Installer offshore Lagos for operating without the requisite approvals and violating the provisions of the Factories (Diving at Work) Regulations, 2018. The decision to close operations…

The Managing Director of the Port Harcourt Refining Company Limited, Ahmed Dikko, has assured that the rehabilitation of the Old Port Harcourt Refinery with a refining capacity of 60, 000 barrels per day would be completed and put to use by the…

The European Union (EU) will soon replace the gas from Russia with Nigeria’s gas following the invasion in Ukraine. The European Union (EU) Delegation to Nigeria and ECOWAS disclosed this yesterday. Deputy Director-General Department for (Energy), European Commission in Brussels, Mr Matthew Baldwin,…

The federal government has challenged the Indigenous Petroleum Producers Group (IPPG) to take advantage of the ongoing divestments by International Oil Companies (IOCs) to significantly increase their investments in oil and gas assets in the country. The Minister of State, Petroleum Resources, Chief…

The minister of Finance, Budget and National Planning, Zainab Ahmed, has said that the Nigerian National Petroleum Corporation (NNPC) that was formally transited to a private limited company by President Muhammadu Buhari this week, has not been privatised. Group Managing Director of NNPC…