Seplat/ExxonMobil assets purchase crisis deepens

In defiance of Buhari, NUPRC rejects Seplat, Mobil Oil assets deal

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected President Muhammadu Buhari's approval of Seplat Energy's acquisition of the shares of Exxon Mobil Corporation,...

Shell to acquire drones to check crude oil theft in Niger Delta

The Shell Petroleum Development Company (SPDC) has said it will acquire drones to monitor its pipelines and wellheads in the Niger Delta region.SPDC’s General...
Seplat Energy grows profit by 238% to $209.9m in H1 2022

Seplat Energy grows profit by 238% to $209.9m in H1 2022

Seplat Energy Plc grew its profit before tax by 238 per cent to $209.9 million in the first half of 2022, ended June 30,...
Haitham Al Ghai, a Kuwaiti, assumes office as OPEC secretary-general

Haitham Al Ghai, a Kuwaiti, assumes office as OPEC secretary-general

A Kuwaiti, Haitham Al Ghais, has formally assumed office as the new secretary-general of the Organisation of the Petroleum Exporting Countries (OPEC).Al-Ghais succeeds Mohammad...
Siemens: Nigeria’s mega transformers to arrive September

Siemens: Nigeria’s mega transformers to arrive September

The federal government ordered mega transformers under the Presidential Power Initiative (PPI) have successfully undergone factory acceptance test at Siemens’ transformers factory in Trento...
Addax Petroleum workers begin strike

Addax Petroleum workers begin strike

Addax Petroleum Development Nigeria staff have embarked on an industrial action in protest against anti-labour practices by the firm.Addax, owned by China’s Sinopec Group,...
Fuel subsidy claims in Nigeria surpasses oil revenue by N210bn in six months

Fuel subsidy claims in Nigeria surpasses oil revenue by N210bn in six months

Fuel subsidy claims surpassed Nigeria’s oil and gas revenue by N210 billion in the first half of 2023, available data from NNPC’s monthly presentation...
Fuel subsidy claims in Nigeria surpasses oil revenue by N210bn in six months

NNPC denies reports of mass sacking in newly transited company

...says 'firm will not delay such move should staff opt for early retirement'The Nigeria National Petroleum Company (NNPC) Limited has insisted that the company...
Nigeria risks $2.3bn fine for taking over discos

FG moves to reposition power sector

By AYOOLA OLAOLUWAAfter about five years of inaction, largely borne out of the fear of starting a protracted legal battle in international courts of...

Suspected Boko Haram terrorist dressed in hijab rescued from Lagos mob

Sanni Gafar The Lagos State Police Command on Monday rescued a suspected male terrorist dressed in hijab from being lynched at Ijora Badia area...