Oil & Gas

KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …

KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has been honoured for its groundbreaking contributions to oilfield development at the 9th Nigeria International Energy Summit (NIES) in Abuja. …

KEY POINTS The Trans-Saharan Gas Pipeline (TSGP) project is gaining momentum after Algeria, Nigeria, and Niger reaffirmed their commitment to the 2024 gas agreements and are accelerating construction. Officials recently …

KEY POINTS Former Vice President Atiku Abubakar has argued that the Nigerian National Petroleum Company Limited’s (NNPCL) admission that reopening the Port Harcourt Refinery is a waste of resources validates …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigerian National Petroleum Company Limited, (NNPC) have agreed to strengthen collaboration to enhance operational efficiency across Nigeria’s oil and …

KEY POINTS Bayo Ojulari, Chief Executive Officer of the Nigerian National Petroleum Company, NNPC, Limited, has attributed the persistent failure of Nigeria’s state-owned refineries to an overemphasis on financing and …

KEY POINTS Nigeria’s domestic refining capacity may soon receive a significant boost as the Nigerian National Petroleum Company Limited, NNPC, begins discussions with a major Chinese petrochemical firm over the …

KEY POINTS President Bola Tinubu’s approval to gazette targeted, investment-linked incentives for Shell’s Bonga South-West (BSW) deep-offshore oil project has generated strong interest across Nigeria’s energy industry, even as key …

KEY POINTS Dangote Refinery has cautioned that petrol prices in Nigeria could rise close to N1,000 per litre if fuel marketers rely heavily on coastal shipping for product evacuation and …

KEY POINTS A group of Nigerian downstream oil marketers has petitioned the Federal Competition and Consumer Protection Commission, FCCPC, seeking an investigation into what they describe as anti-competitive and market-distorting …