NNPCL Makes Revenue of N5.8tn with Profit of N748bn The Nigerian National Petroleum Company Ltd (NNPCL) has released its monthly report summary for the month of April 2025 recording N5.89tn as revenue. The company also made it known that it recorded a profit after tax of N748bn. NNPCL said the crude oil and condensate production…
Savannah Energy Reports Strong FY 2024 Unaudited Annual Results with 21% Increase in Reserves Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has announced its unaudited results for the year ended 31 December 2024. The FY 2024 Unaudited Results show a Total Income of US$393.8 million, compared…
NEITI Reaffirms Unwavering Commitment to the FOI Act: Clarifies Remarks on Responsible Use and Stakeholder Vigilance The Nigeria Extractive Industries Transparency Initiative (NEITI) wishes to respond to a public statement issued on June 6, 2025, by the Media Rights Agenda (MRA), which commented on the remarks made by NEITI’s Executive Secretary, Dr. Orji Ogbonnaya Orji,…
Senate Committee Commends NCDMB, Pledges Support The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday in Yenagoa got the thumbs-up from the Senate Committee on Local Content and a firm assurance that the Senate would provide adequate legislative support to drive the local content development initiatives of the Board. The Chairman of the Committee,…
AEW 2025: African Energy General Counsel Forum to Spotlight Strategic Legal Leadership, Deal-making and Doing Business in African Oil & Gas The African Energy Week (AEW): Invest in African Energies conference – taking place from September 29 to October 3 in Cape Town – will host a groundbreaking African Energy General Counsel Forum, aimed at…
NCDMB, NLNG, Ramp up HCD Training as $5Billion Train 7 Project Hits 80% Completion The Nigerian Content Development and Monitoring Board (NCDMB) and Nigeria Liquefied Natural Gas (NLNG) Limited on Wednesday in Port Harcourt inaugurated 140 trainees for an intensive three-month Advanced Nigerian Content Human Capital Development (NC-HCD) Programme for the US$5 billion NLNG Train…
Renaissance Energy halts production on Trans Niger pipeline following operational incident Nigerian oil firm Renaissance Energy has announced a halt in production on one of the lines feeding into the Trans Niger oil pipeline, a crucial artery for transporting crude oil from onshore oilfields to the Bonny export terminal. The suspension follows an operational incident,…
11Plc’s Commitment to Sustainability and Growth: A Review of the Company’s Performance 11 Plc has reported a strong revenue performance and significant contributions to gas utilization Ramesh Kansagra, Chairman of the company. Speaking at the company’s 47th Annual General Meeting held at Abuja Continental Hotel, Kansagra, through by Non-Executive Director Alhaji Abdulkadir Aminu, who chaired…
1000 delegates expected at NOGOF 2025 About 1,000 delegates are expected at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025 to be hosted by the Nigerian Content Development and Monitoring Board (NCDMB), at the Nigerian Content Tower (NCT) in Yenagoa, Bayelsa State, between May 20 and 22, 2025. The biennial event which offers…
Oil Marketers Import N2.4tn Petrol amid Competition with Dangote Refinery A fresh round of hostilities may have erupted between major oil marketers and the Dangote petroleum refinery as both parties jostle for dominance in Nigeria’s downstream oil sector. This follows recent revelations by the President of the Dangote Group, Alhaji Aliko Dangote, who declared that…
