Oil and Gas
8 Feb
Brazil's president this week amped up pressure for a major oil project to go ahead at the mouth of the Amazon River, despite criticism from environmentalists as the country prepares to host UN climate talks in November. President Luiz Inacio Lula da Silva, 79, aspires to make Brazil a leader in the fight against global…
13 Jan
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the implementation of the Advance Cargo Declaration Solution and the Engineering Audit of Upstream Measurement Equipment and Facilities will enhance transparency and accountability in the oil and gas sector. The initiatives, which will track the movement of crude being exported out of the country, are being…
30 Dec
It is important to address the concerns raised in Farooq Kperogi’s recent article, “Tinubu’s Buharisation of the NNPC”, and to clarify some of the misconceptions about the operations and leadership structure of the Nigerian National Petroleum Company (NNPC) Limited. First, employment, promotions, appointments, and movements of business leaders at the NNPC are not influenced by…
3 Dec
The Nigerian Navy has expressed optimism of ensuring the the 2 million bpd production before the end of the year. The Commander of the Nigerian Navy Ship (NNS) Pathfinder, Commodore Cajethan Aniaku Gabe the assurance during the command's fourth quarterly route march in Port Harcourt, Rivers State. He reiterated Navy's commitment towards intensifying the fight…
27 Nov
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has outperformed expectations by exceeding its 2024 revenue target by an impressive 49%. This achievement, according to reports, comes amidst global challenges in the hydrocarbon industry, where producers are grappling with declining royalties and tight profit margins due to the accelerating energy transition. The revenue performance, per the…
19 Nov
The decision by oil marketers to import fuel worth over N3 trillion between October 1 and November 11 this year has raised serious concerns, according to the Energy Reforms Advocates of Nigeria (ERAN). Expressing its alarm, ERAN questioned why the Nigerian National Petroleum Corporation Limited (NNPCL) failed to encourage marketers to patronise local refineries. Dr.…
3 Oct
French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure
16 Sep
The African Peace Organisation (APO) is set to organise the 3rd edition of the International African Energy, Oil and Gas (IAEOG) Summit, where Nigeria is billed to participate to promote business cooperation, stimulate investment, and create jobs among African countries. The summit, which seeks to address the challenge of poverty on the continent, is scheduled…
6 Sep
Hon. Esosa Iyawe, the House of Representatives member representing Oredo Federal Constituency of Edo State, has praised the Dangote Refinery and its founder, Aliko Dangote, for the commencement of Premium Motor Spirit (PMS) production, which began on 3rd September 2024. The start of local petrol production marks a monumental achievement for Nigeria, which has long…
25 Aug 2024
Former Vice President of Nigeria, Atiku Abubakar, has raised serious concerns over the accelerated approval granted to Oando Plc, a company owned by President Bola Tinubu’s nephew, to purchase the onshore assets of AGIP and ENI. Abubakar questioned why other transactions, such as the Shell/Renaissance deal and the Mobil/Seplat acquisition, remain stalled. Speaking out against…
2 Aug 2024
The Nigerian offshore oil sector has witnessed a spate of catastrophic incidents over the past years including the fire incident of 20th July 2024 involving Britannia-U1 FPSO operated by Nigerian independent producer, Britannia-U Nigeria Limited, offshore Forcados in Delta State. Ensuring safety in offshore operations is paramount to protecting lives, the environment, and valuable assets…
26 Jul 2024
Partner, PwC Nigeria, Pedro Omontuemhen, said the ongoing divestment by major international oil companies (IOCs) from Nigeria's oil
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Russia on Friday said it captured two more east Ukrainian villages in the Donetsk region, edging closer to the central Dnipropetrovsk region. Moscow has pressed a small but steady advance in eastern Ukraine since last summer, bringing home some successes, with morale in Russia now emboldened by US President Donald Trump opening talks with the…
15 mins ago
In defiance of the advice by the Attorney General of the Federation (AGF), Lateef Fagbemi, Governor Ademola Adeleke has affirmed that local government elections will hold in Osun State on Saturday. According to him, the elections will take place unfailingly under the Osun State Independent Electoral Commission (OSSIEC). Spokesperson to the State Governor, Olawale Rasheed,…
20 mins ago
The Abia State Police Command has said it is aware of a trending video on Facebook depicting some police officers manhandling a civilian along Lagos Street, Umuahia, the state capital. In a statement on Friday, the Spokesperson for the command, DSP Maureen Chinaka, said the officers involved have been identified, and are currently under interrogation…
21 mins ago
The leadership of the South-South Zonal Working Committee of the Peoples Democratic Party (PDP) has lifted the suspension earlier imposed on the South-South Zonal Acting Secretary of the party, Barr. George Turnah, by the Bayelsa State Working Committee of the PDP on grounds of alleged misconduct. It could be recalled that the Bayelsa State Working…
29 mins ago
The Delta State Government has announced the demotion of two serving engineers in the state civil service for issuing certificates of job completion on road projects that were yet to be completed. The affected officers, Gabriel Evuarhere and Samuel Nwokolobia, both engineers, were demoted from Deputy Director to Assistant Director and from Assistant Director to…
36 mins ago
As of February 2025, the world’s ten richest women collectively hold a staggering net worth of approximately $503.3 billion, according to Forbes. These influential figures have amassed their fortunes across diverse industries, from retail and cosmetics to finance and shipping. 1. Alice Walton Alice Walton, 75, remains the richest woman in the world with a…
1 hour ago
“I wake up tired, I sleep tired, and even inside my dreams, I’m working.” These were the words of Chima, a 32-year-old banker in Lagos, who barely has time to rest. “Sometimes, I don’t even remember the last time I had a full day off without emails or calls from work, she told Guardian Life.…
1 hour ago
The Ijaw Youth Consultative Forum (IYCF) on Friday condemned the false and malicious allegations leveled against Chief Dennis Otuaro, the Administrator of the Presidential Amnesty Programme (PAP). It noted that allegations published in The Guardian newspaper on February 19, 2025, were a desperate attempt to tarnish Chief Otuaro's reputation and derail the progress achieved under…
1 hour ago
The Chief of Defence Staff (CDS), General Christopher Musa, has paid glowing tribute to the late Lieutenant General Jeremiah Useni (retd), describing him as an extraordinary man, a dedicated soldier, and a true patriot. Speaking at the Service of Songs held in honor of the late General at the Church of Christ in Nations (COCIN)…
1 hour ago
The Defence Headquarters (DHQ) has said that military operations across the country thwarted oil theft worth over N587 million, neutralised 82 terrorists, and rescued 93 kidnapped victims within a week. According to a statement released on Thursday night by the Director of Defence Media Operations, General Markus Kangye, troops in the South-South region disrupted illegal…