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Thursday, June 17, 2021
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Savannah Energy sets to acquire ExxonMobil assets

Savannah Energy PLC, has announced that, it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire...

OPEC+ ease production cuts return 2mb/d to the market

OPEC and its non-OPEC partners agreed on Tuesday to gradually ease production cuts with return of  2 million barrels a day (mb/d) of the...

OPEC says IEA net-zero pathway could add to oil-price volatility

Organisation of Petroleum Exporting countries (OPEC), has said that an International Energy Agency (IEA) report suggesting that investors should not fund new oil projects...

Paris Meeting: Total renews investment commitment to Nigeria’s oil sector

Total Chairman/Chief Executive Officer, Mr Patrick Pouyanne, has reiterated the company's investment commitment to Nigeria's oil and gas sector. At the meeting with Nigerian President,...

INSECURITY IN PH ZONE WILL HURT THE NATION – PENGASSAN

INSECURITY IN PH ZONE WILL HURT THE NATION - PENGASSAN The Port Harcourt Zone of the Petroleum and Natural Gas Senior Staff Association of Nigeria...

Buhari restores ownership of OML 123, others to NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the state-run Nigeria National Petroleum Corporation...

Shell pays $3.243b to Nigeria’s govt in 2020

Shell, a global leading oil and gas producer on Wednesday published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments...

OPEC+ eases oil supply from May to boost economy

The 15th Meeting of OPEC and non-OPEC Ministers has agreed to increase oil production gradually from May to July, responding to both internal and...

Shell, Aiteo feud deepens

Despite the court case which led to interim freeze order on the Shell Petroleum Development Company (SPDC)’s accounts, the feud over alleged $2.7 billion...

Total expects first oil from $500m Ikike field before December- Sangster

The Managing Director, Total E&P, Mr. Mike Sangster, has said the  company had made significant progress with the development of $500 million Ikike Oil...

Festus Marinho, Pioneer MD of NNPC dies

.Kyari Mourns The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has lamented the death of the pioneer Managing Director...

Chevron denies oil spill at Funiwa field in Bayelsa

Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has denied media reports...
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Lagos begins demolition of structures under power lines

The Lagos State Building Control Agency, (LASBCA), said it would embark on demolition of illegal structures constructed under high tension cables and others. A statement...

Lekan Akinyanmi in full control of Lekoil Nigeria

Lekan Akinyanmi remains in full control of Lekoil Nigeria Limited (Lekoil Nigeria), the company officially recognized by the Nigerian government as custodian of some...

Firm to set up 1GW solar panel manufacturing factory in Nigeria

Solmont Technologies, an OEM, plans to construct a 1,000 MW per annum solar panel manufacturing facility in Ondo State, Southwest Nigeria. The factory is...

OAU to begin electricity generation, distribution

The Vice-Chancellor of the Obafemi Awolowo University (OAU), Prof. Eyitope Ogunbodede, has announced that the University has obtained the license to distribute electricity to...