Author: Daniel Terungwa

Aradel Energy Holdings Plc Hosts First Supplier Forum, Emphasizes Sustainable Partnerships. Aradel Holdings Plc, the parent company overseeing a fully integrated group of energy firms, recently convened its inaugural Supplier Forum to celebrate outstanding partners, showcase innovation, and underscore the importance of collaborative endeavors in cultivating sustainable relationships. Held on March 27, 2024, at the…

Seplat Energy Stresses Community Empowerment for Stability in the Energy Sector. Seplat Energy Plc, a prominent Nigerian independent energy company, underscored the vital role of executing corporate social investment (CSI) programs and empowering communities to bolster stability within the energy sector and safeguard critical national assets. At the Society of Petroleum Engineers Oloibiri Lecture Series…

Oil settles up on supply threats, hits 2024 highs during session. Oil prices settled higher on Tuesday after a session in which Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East pushed the Brent benchmark above $89 a barrel for the first time since October. Brent futures for June delivery settled…

Dangote Refinery Supplies Petroleum Products to Local Nigerian Market. Nigeria’s Dangote oil refinery commenced supplying petroleum products to the local market on Tuesday, as confirmed by a company executive and fuel marketing associations, marking a significant milestone in the country’s pursuit of energy self-sufficiency. Constructed at a cost of $20 billion on a peninsula near…

NNPC Retail Limited Refutes Price Adjustment Speculations. NNPC Retail Limited has taken prompt action to counter circulating rumors concerning possible price adjustments for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide. The company has unequivocally stated that these rumors are entirely baseless and urges Nigerians to dismiss such unfounded…

Oil Spills from Frontier Oil’s OML13 Facility Disrupts Akwa Ibom Community. Urgent environmental distress has gripped the Uqua Isi Edoho community in the Esit Eket Local Government Area (LGA) of Akwa Ibom State, following extensive oil spills from a facility operated by indigenous oil firm Frontier Oil Limited. These spills have inflicted significant damage on…