At the ongoing Africa CEO Forum in Kigali themed “Scale or Fail: Why Africa Must Embrace Shared Ownership,” NNPC Ltd’s Executive Vice President, Gas, Power & New Energy, Olalekan Ogunleye, yesterday joined global CEOs on the African Oil and Gas Coalition’s Strategic Roundtable to discuss the topic ‘Gas without...
oil and gas
President of the Dangote Group, Aliko Dangote, has disclosed that the company rejected attempts by the Nigerian National Petroleum Company Limited to acquire additional shares in the Dangote Petroleum Refinery, insisting that more Nigerians should have the opportunity to own part of the facility through a planned public listing....
A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544...
Nigerian National Petroleum Company (NNPC) Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port...
NNPC Limited, through its Research, Technology and Innovation (RTI) Division, in collaboration with the Petroleum Technology Development Fund (PTDF), today signed a Memorandum of Understanding (MoU) with Sonatrach, the Algerian National Oil Company, for cooperation in research, development and innovation. This is contained in a statement issued on Wednesday...
[News Analysis] A September 2025 approval tied to a failed pipeline transaction has resurfaced, despite the deal being formally terminated four months earlier, according to sundry reports. The approval relates to a proposed sale of a 40 per cent stake in the Amukpe-Escravos Pipeline, a 160,000-barrel-per-day evacuation route that...
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Tuesday delivered a characteristically direct and pragmatic assessment of Nigeria and Africa’s energy future at CERAWeek 2026, declaring that the country’s fundamentals are strong, its value proposition clear, and its focus now squarely on execution. Speaking on...
Nigerian National Petroleum Company (NNPC) Ltd has announced that Seplat Energy Plc, its joint venture partner and a major gas supplier, will carry out routine maintenance on its gas production facilities from February 12 to 15, 2026. The disclosure was contained in a press statement issued by the Chief...
Shell Nigeria Exploration and Production Company Limited (SNEPCo) has been recognised for its pioneering role in oilfield development projects at the 9th Nigeria International Energy Summit (NIES) which held in Abuja last week. The award for “Best Oilfield Development Projects” applauds SNEPCo’s leadership in Nigeria’s deep-water sector, having commenced...
As a part of ongoing efforts to reposition Nigeria’s gas sector as the engine room of national industrialisation, energy security, and sustainable economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, tagged NGMP 2026. This was disclosed in a...
The Nigerian Content Development and Monitoring Board (NCDMB), has confirmed investigations of a United Arab Emirates (UAE) company, John Crane Middle East FZE. This followed an appeal for intervention from an indigenous company, Cona Engineering and Technical Services. The investigation is to ascertain claims of Nigeria’s Cona Engineering that...
To ensure the Employees’ Compensation Act (ECA), achieve its desired impact of improved welfare of workers and safety at the workplace, the Nigeria Social Insurance Trust Fund (NSITF), has advocated for movement of institutional accountability from persuasion to enforcement. In the same vein, the fund called for stronger legal...
House of Representatives has called out oil and gas companies operating in Imo State for allegedly breaching provisions of the Petroleum Industry Act (PIA), 2021, urging immediate compliance with all relevant laws, particularly those relating to host communities. During Wednesday’s plenary, lawmakers unanimously adopted a motion of urgent national...
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI gas project offshore Nigeria. A statement issued by the company in London on Tuesday hinted that when completed, the...
President Bola Ahmed Tinubu has welcomed the news of Shell’s $2 billion Final Investment Decision (FID) on a new gas project in the shallow offshore HI Field, in OML 144. A statement issued by the presidential spokesman, Bayo Onanuga, said the new Non-Associated Gas (NAG) development project will deliver...
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered an immediate halt to crude oil and gas supplies to the Dangote Petroleum Refinery, escalating a labour dispute that has been brewing between the union and the refinery’s management. In a directive issued on Friday, PENGASSAN’s General...
Nigeria is intensifying efforts to achieve a daily gas production of 10 billion Standard Cubic Feet (SCF) by 2030, according to Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy. In a statement issued by Mr. Mohammed Manga, Director of Information and Public Relations at the...
Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has stated that Nigerian stakeholders in the oil and gas industry are now better positioned, than in the last five years, to optimise Nigeria’s vast hydrocarbon natural resources, due to changes that have been...
Managing Director and CEO of Renaissance Africa Energy Company Limited, Mr. Tony Attah, has identified extensive and deliberate collaboration with government and other stakeholders in the Nigeria oil and gas industry, to create an investment- attracting environment. According to Attah, this strategy would enable Nigeria to better utilise its vast...