China Begins Tapping Oil Stockpiles as Middle East Crisis Drags On China began tapping its huge oil reserves in May, three months after the Middle East conflict wiped out about a tenth of global supply, in a sign that Beijing is still refraining from paying top-dollar for prompt crude deliveries. Over the next few…
U.S. Company to Send 250,000 Barrels of Fuel to Cuba An American company is preparing to send a cargo of diesel and gasoline to Cuba in what, if successful, would be the biggest U.S. shipment of fuel to the island nation since the start of the U.S. embargo, Bloomberg reported. Florida-based Vanguard Energy is…
Shell Strategises to Expand Gas Utilization in Nigeria Shell Nigeria Gas (SNG) has been sharing its experiences as it pioneered gas distribution nearly 30 years ago, saying the expansion of pipeline natural gas infrastructure and the market making role of gas distributors have been critical in moving gas from a policy aspiration to a…
SEPLAT’S NEW EMPIRE: Effy Okon Takes the Wheel as CEO While Tony Elumelu Steps in as Chairman to Build Africa’s First Indigenous IOC By Kunle Odusola-Stevenson For decades, the playbook for the African oil and gas sector followed a predictable script. Multinational titans—the historical International Oil Companies (IOCs)—extracted crude from the continent’s rich subsurface, while…
Africa’s Largest Bank Backs Dangote Refinery IPO Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent. The commitment came during a strategic…
Heirs Energies Launches Agbada Green Corridor Initiative To Advance Environmental Sustainability Heirs Energies has launched the Agbada Green Corridor Initiative, a tree-planting programme aimed at enhancing environmental sustainability, supporting biodiversity and strengthening climate resilience across its area of operations. The initiative, launched along the Agbada Non-Associated Gas (NAG) Corridor in Omuohia Community, Rivers State,…
NUPRC Sets Deadline for 2025 Licensing Round Bid Submissions The Nigerian Upstream Petroleum Regulatory Commission (Nigerian Upstream Petroleum Regulatory Commission) has announced that submission of technical and commercial bids by pre-qualified applicants for the 2025 Licensing Round will close on Friday, June 12, 2026, at 16:30 hours (WAT), in line with the Licensing Round…
German Ambassador to speak at 2026 NOG Energy Week Germany’s Ambassador to Nigeria and ECOWAS, Annett Günther, is expected to feature as a key speaker at the 2026 edition of NOG Energy Week 2026, scheduled to hold from July 5 to 9 in Abuja. The event, which will take place at the Bola Ahmed…
Renaissance Africa Energy, PSIN Host Strategic Oil and Gas Seminar in Abuja Renaissance Africa Energy Company, in partnership with the Public Service Institute of Nigeria (PSIN), has hosted a two-day strategic Oil and Gas Seminar for directors and senior government officials in Abuja. The seminar brought together senior public sector leaders and industry experts…
Seplat Appoints Elumelu Chairman, Names Effiong Okon CEO Seplat Energy has appointed businessman and investor Tony Elumelu as chairman of its board, while also naming industry veteran Effiong Okon as its new chief executive officer in a major leadership transition aimed at driving the company’s long-term growth strategy. The company disclosed in a regulatory filing…