Bharat Petroleum Corporation Ltd (BPCL), India’s second-largest fuel retailer, has unveiled plans to invest up to $11 billion in constructing a state-of-the-art refining and petrochemical complex in southern India. This development was revealed by the company’s chairman in a recent interview with Reuters. “We feel there is a big opportunity in refining sector. India’s primary […]Read More
The Nigerian National Petroleum Company Limited (NNPC), under the leadership of Mele Kyari, has unveiled the Production Monitoring Command Centre (PMCC), a cutting-edge initiative to revolutionise hydrocarbon operations. Spearheaded by NNPC Upstream Investment Management Services (NUIMS), the PMCC builds on the achievements of the Command and Control Centre, aiming to improve monitoring, operational efficiency, and […]Read More
Saipem, alongside two Nigerian firms, has clinched a significant offshore contract valued at approximately $1 billion with Shell for a deepwater oil and gas project off Nigeria’s coast, according to Offshore Energy magazine.  The contract, awarded by Shell Nigeria Exploration and Production Company Limited (SNEPCo), involves Saipem delivering Engineering, Procurement, Construction, and Installation (EPCI) services. […]Read More
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that petrol will now be sold at ₦935 per litre, effective today (Monday). This follows a recent agreement with the Dangote Petroleum Refinery. According to Maigandi Garima, IPMAN’s National President, the reduction in the ex-depot price at the Dangote Refinery has enabled marketers to set […]Read More
Ikeja Electric to Create Subsidiary The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Lagos State to the Lagos State Electricity Regulatory Commission (LASERC). Lagos Electricity Market Regulatory Autonomy aligns with the amended Constitution of the Federal Republic of Nigeria (CFRN) and the provisions of the Electricity Act 2023 […]Read More
The Chief Corporate Communications Officer of Nigerian National Petroleum Company Limited (NNPC Ltd), Olufemi Soneye, announced on Monday that the company secured a $1 billion crude-backed loan to address liquidity challenges at the Dangote Refinery. Speaking during an energy stakeholders’ engagement session in Abuja, Soneye highlighted NNPC’s commitment to fostering public-private partnerships to drive national […]Read More
President Bola Ahmed Tinubu has applauded Shell and its partners for announcing the Final Investment Decision (FID) on the Bonga North Deep Offshore Field, marking a pivotal milestone in Nigeria’s oil and gas sector. According to an official statement, this project—the country’s first deepwater oil venture in over a decade—reflects the transformative impact of the […]Read More
The Minister of Power, Adebayo Adelabu, has revealed plans to boost Nigeria’s national grid capacity by an additional 150 megawatts (MW) before the end of 2024. Adelabu shared this update on Thursday while addressing State House Correspondents after a high-level meeting between German President Frank-Walter Steinmeier and Nigerian President Bola Tinubu at the Presidential Villa […]Read More
Seplat Energy Plc has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil, marking a significant milestone for the company and Nigeria’s oil and gas industry. This transformative deal more than doubles Seplat Energy’s production capacity, positioning the company as a key driver of growth, profitability, and sustainable development in Nigeria’s energy sector. […]Read More
The Kuwait Foreign Petroleum Exploration Company (KUFPEC) has announced plans to bid for additional oil and gas blocks offshore Indonesia and ramp up hydrocarbon exploration in the Natuna Sea. This was disclosed by the CEO of Kuwait’s state oil firm during an interview with Reuters on Monday. KUFPEC operates as an international upstream company, focusing […]Read More
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