Oil & Gas

By Udeme Akpan , Energy Editor Oando PLC, Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), said its trading subsidiary, Oando Trading, has emerged as the preferred bidder for the lease of the Guaracara Refining Company Limited (GRC)’s refinery assets from ...

The Nigerian National Petroleum Company Limited has initiated fresh negotiations with the Dangote Petroleum Refinery over the renewal of the naira-for-crude agreement, as talks are underway in anticipation of the expiration of the initial deal, which ends on March 31, 2025.   The NNPCL disclosed this in a statement issued ...

  NCDMB Commends Heritage Energy, Pledges Support for OML 30 Projects The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations ...

NCDMB ES, SPDC Officials Visit Brightwaters Energy, Laud firm’s Capabilities for Industry Projects   The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, in company with senior officials of Shell Petroleum Development Company (SPDC) on Tuesday undertook a tour of facilities at Brightwaters ...

Why Matrix Energy Should Stop Dancing Naked By David Tunde In a flagrant and audacious exhibition of corporate greed and regulatory failure, Matrix Energy Limited, a prominent player in Nigeria’s petroleum industry, led by CEO Abdulkadir Adisa Aliu, has become embroiled in a scandal of monumental proportions involving the importation ...

ETI Disowns Statement Against Reps Deputy Spokesperson Agbese, Accuses Ex-Members of Impersonation …Says sack of NNPCL, NMDPRA leadership long overdue The Energy Transparency Initiative (ETI) has disowned a statement made by individuals claiming to be its representatives, criticizing Hon. Philip Agbese, the Deputy Spokesperson of the Federal House of Representatives. ...

Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment … as FG endorses consolidated guidelines Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of ...

Heirs Energies: Powering Nigeria’s Economy with Domestic Gas Supply ·       Sole Gas Supplier to Geometric Power Plant Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.   Heirs Energies is a leading provider of gas to the Nigerian National Grid, and already supplies TransAfam Power Limited, with a capacity of 966MW, and First Independent Power Limited (FIPL), with a capacity of 541MW. Heirs Energies also supplies gas to local distribution companies, gas-based industries, and other industrial customers. ...

You were Blatantly Rejected Stop your Foolhardy Actions – PTD of NUPENG Concerned Members Blast Troublemakers A group of concerned members of the Petroleum Tanker Driver (PTD) of the National Union of Petroleum and Natural Gas Workers (NUPENG) has called on the aggrieved members to stop dragging the reputation of ...

Video: Port Harcourt refinery commences operation The Port Harcourt Refining Company, PHRC, Limited, with a combined capacity of 210,000 barrels per day, commenced operation on Wednesday, in fulfilment of the promise made by this administration. According to a video posted on X by one Pastor Okezie under the handle @ONsogbu, ...