CEOs of Heirs Energies and Transcorp Champion Africa’s Energy Transition at the 17th German-African Energy Forum L – R: Owen Omogiafo, OON, President/Group CEO, Transcorp Plc; Osayande Igiehon, MD/CEO, Heirs Energies Heirs Energies CEO and Transcorp Group’s President/Group CEO; Osayande Igiehon and Owen Omogiafo, OON, will join global business leaders at the 17th German-African…
NCDMB Exec Sec Visits Pipe Coating Firms, Pledges Support For Local Capacities The Nigerian Content Development and Monitoring Board (NCDMB) has reassured oil and gas stakeholders that service companies and other manufacturers that have established capacities in the country will continue to enjoy patronage through the award of contracts from operating companies in the sector….
NCDMB Co-Chair, Ekpo Meets Exec Sec, Pledges Support for Local Content Programmes The Co-Chair of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) and Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo on Thursday in Abuja received in audience the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe. The…
Why Bonga is such a success – SNEPCo MD Bonga, Nigeria’s first deep-water development has been an outstanding producer due to effective leadership, cutting-edge technology, continuous improvement, integrated delivery and collaboration with partners and stakeholders, Managing Director, Shell Nigeria Exploration and Company Limited (SNEPCo), Elohor Aiboni. said on Thursday at the 2024 Offshore Technology Conference…
$1.09 billion paid by Shell Nigeria in taxes, royalties in 2023 Shell exclusively paid a total of $1.09 billion in corporate taxes and royalties to the Government of Nigeria last year through the operations of The Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo.)…
2024 Bid Round: Those Seeking Oil Blocks must be Financially, Technically Capable – Minister The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that those seeking for the 17 oil blocks on offer for sale under the 2024 licensing bid round must be financially and technically capable. The minister stated this…
Azule Energy, Angola’s Leading Independent Oil and Gas Producer, Spearheads Bold Upstream Plans at African Energy Week 2024 Azule Energy, Angola’s premier independent equity oil and gas producer, is poised to revolutionize and digitize its upstream operations, aligning with the nation’s ambitious energy production targets. As a testament to its dedication to harnessing Africa’s energy…
Nigerian Government Offers 26 Oil Blocks for Acquisition Amidst Shell, ExxonMobil, and Other IOCs’ Divestment Plans In a significant development, the Nigerian Government has unveiled plans for the acquisition of 26 oil blocks by local firms, as several International Oil Companies (IOCs) initiate divestment strategies. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that IOCs…
OPEC+ Contemplates Extending Oil Production Cuts into June Meeting The upcoming OPEC+ meeting in June looms with the critical decision of whether to extend oil production cuts into the latter half of the year taking center stage. However, beyond this immediate concern, the alliance confronts the broader challenge of managing production capacity in the long…
NERC Unbundles TCN: New System Operator Assumes Transmission Function In a significant stride toward revamping Nigeria’s electricity sector, the Nigerian Electricity Regulatory Commission (NERC) has executed the unbundling of the Transmission Company of Nigeria (TCN), ushering in the Nigerian Independent System Operator of Nigeria Limited (NISO). This pivotal move stems from the federal government’s pronouncement…