Nigeria Generates N16.3 Billion in Mining Royalty Revenue within One Year The Nigerian government has recorded a significant milestone in its mining sector, generating a total of N16.3 billion from mining royalty and related fees over the span of one year. This revenue was accrued through the diligent efforts of the Mining Cadastral Office (MCO),…
NGA Acknowledges Osagie Okunbor and Shell Nigeria for Pioneering Role in Nigeria’s Gas Development. The Nigerian Gas Association (NGA) has lauded Mr. Osagie Okunbor, Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair of Shell Companies in Nigeria, for his exceptional contributions to the advancement of Nigeria’s gas sector….
Chevron Nigeria Limited (CNL) Affirms Dedication to Environmental Preservation Amidst False Reports” Chevron Nigeria Limited (CNL), the operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL -NNPCL/CNL JV-, has responded to recent media reports erroneously linking CNL to environmental degradation. CNL unequivocally reaffirms its unwavering commitment to environmental stewardship…
NNPC Ltd and Schlumberger (SLB) Forge Strategic Partnership to Enhance Upstream Operations” Body: In a move aimed at revitalizing Nigeria’s oil and gas sector, NNPC Energy Services Limited (EnServ) and global technology leader Schlumberger (SLB) have inked a technical partnership agreement to fortify upstream operations. The agreement, signed at NNPC Ltd’s Corporate Headquarters in Abuja,…
NERC Holds Petition Hearing by MAN on Electricity Tariffs” The Nigerian Electricity Regulatory Commission (NERC) is currently conducting a pivotal petition hearing prompted by the Manufacturers Association of Nigeria (MAN) regarding the recent adjustments in electricity tariffs. MAN, in a formal letter to NERC, requested a rollback or an indefinite suspension of the implementation of…
Shell’s Bonga Deep-Water Development Secures “Asset of the Year” Award for 2023 Shell Nigeria Exploration and Production Company Limited’s (SNEPCo) flagship deep-water project, Bonga, has once again clinched the prestigious “Asset of the Year” award within the Shell Group for its outstanding performance in Safety, Environment, and Asset Management in 2023. This recognition underscores Bonga’s…
EEDC Seeks EFCC Collaboration to Combat Energy Theft and Vandalism The Enugu Electricity Distribution Company (EEDC) has called for a strategic partnership with the Economic and Financial Crimes Commission (EFCC) to address economic sabotage, including energy theft and vandalization of electricity infrastructure across its service states. EEDC, which operates in Abia, Imo, Anambra, Ebonyi, and…
Rising Sea Levels Threaten Global Oil Shipments, Think Tank Warns Rising sea levels could severely disrupt crude oil shipments and erode energy security in import-dependent countries like China, South Korea, and Japan, as many of the world’s biggest terminals are vulnerable to flooding, researchers from the China Water Risk (CWR) think tank warned in a…
Platform Petroleum Applauds PIA for Transforming Investment Climate in Nigeria’s Oil and Gas Sector Platform Petroleum Limited has praised the Petroleum Industry Act (PIA) for its significant positive impact on Nigeria’s oil and gas sector. During the “Investment Opportunities in Nigeria” panel session at the “Invest in Africa Energy 2024” conference in Paris, France, Mr….
Dangote Assures End to Petrol Imports for Nigeria by June Africa’s wealthiest man and Dangote Group Chairman, Aliko Dangote, has announced that Nigeria will no longer need to import gasoline starting next month. This development is attributed to the operational capabilities of the Dangote Refinery. Speaking at the Africa CEO Forum Annual Summit in Kigali,…