PNC Forum 2024 Set To Discuss The Next Frontier For Nigerian Content Implementation Lagos, Nigeria — In a major development, ExxonMobil has announced plans to invest $10 billion in Nigeria’s offshore oil operations. Meanwhile, the Nigerian National Petroleum Corporation (NNPC) is preparing to revive the Brass and Olokola Liquefied Natural Gas (LNG) projects, signalling renewed…
Oando Wins ‘Deal of the Year’ Award for $783 Million NAOC Acquisition Oando Plc has received the esteemed “Deal of the Year” award at Africa Energy Week, celebrating its $783 million acquisition of Nigerian Agip Oil Company (NAOC). This acquisition marks a major milestone in Oando’s 30-year journey, strengthening its role as a significant player…
AMCON and Heyden Petroleum Resolve Dispute The Asset Management Corporation of Nigeria (AMCON) has clarified that it has amicably resolved all outstanding issues with Heyden Petroleum Limited. In a recent statement, AMCON confirmed that Heyden Petroleum has demonstrated a commitment to fulfilling its obligations and has been making regular payments. As a result, AMCON has…
Decarbonisation: NNPC Ltd Calls for Enhanced Collaboration and Transparency in Global Energy Sector The Nigerian National Petroleum Company (NNPC) Ltd has urged greater collaboration and transparency within the global energy sector to drive efforts in reducing carbon emissions across the oil and gas value chain and achieving net-zero goals by 2050. Group CEO of NNPC…
NNPC Ltd Mourns Passing of Army Chief, Lieutenant-General Taoreed Lagbaja The Board, management, and staff of the Nigerian National Petroleum Company Limited (NNPC Ltd) express deep sorrow over the passing of the Chief of Army Staff, Lieutenant-General Taoreed Lagbaja. NNPC Ltd. extends heartfelt condolences to the President and Commander-in-Chief of the Armed Forces, Bola Ahmed…
NNPC, SPDC DONATE US$1 MILLION TO BORNO FLOOD VICTIMS The Shell Petroleum Development Company of Nigeria Limited (SPDC JV) – Operator of the NNPC Limited, SPDC, TotalEnergies and Nigerian Agip Oil Company Joint Venture– has, announced the donation of US$1 million to support efforts to provide relief to over half a million people displaced in…
ES NCDMB, Lagos Gov Commission Bell Oil and Gas’ Pipe Threading and Valve Assembly Plant A multi-million dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at Lekki Free Zone, Lagos State by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe…
TotalEnergies sees Global Oil Demand peaking after 2030 French oil major TotalEnergies predicts global oil demand will peak after 2030 in its two most likely energy transition scenarios, neither of which will limit global warming to 2 degrees Celsius in line with the Paris Climate agreement, it said in its annual energy outlook report on…
Access Bank Wins Best Digital, Best Website at 2024 Digital Jurist Awards Access Bank PLC has been named the 2024 Best Digital Award Winner in the Commercial Banks Category at the Digital Jurist Awards, organized by Phillips Consulting (pcl.). In addition to this top honour, the Bank also secured the Best Website Award, achieving an…
Consolidated Hallmark Holdings Positioned to Meet All Financial Needs of Nigerian Customers, Says GCEO Consolidated Hallmark Holdings Plc, a leader in Nigeria’s insurance and financial services sector, affirmed that it is now positioned to deliver comprehensive financial solutions to its customers across Nigeria. This development follows the company’s recent transition to a HoldCo (Holding Company)…
