Step by step, Nigeria’s crude oil output is climbing. And for the first time in as many years, it has edged past the OPEC quota of 1.5 million barrels per day. Analysts point to the efforts of Tantita Security Services as chief reason for the rising volume in crude...
Oil
A fresh legal battle over four oil fields in the Niger Delta has escalated at the Court of Appeal, Abuja, with Hi-Rev Oil Limited and Hi-Rev Exploration & Production Limited asking the appellate court to halt and reverse allocations allegedly carried out by the Federal Government while their appeal...
Nigeria’s foremost leadership coach and motivational speaker, Fela Durotoye, and Chairman of the Mayor of Housing Group, My-ACE China, have said the true treasure of Rivers State lies not beneath the ground in crude oil but in the potential and capacity of its people. They also echoed the position...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has approved the F-500 Encapsulator Agent fire suppressant for use across midstream and downstream petroleum operations, subject to strict three-year conditions and regulatory monitoring. The fluorine-free agent is now cleared for deployment in depots, pipelines and processing facilities, the NMDPRA said...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has approved the F-500 Encapsulator Agent fire suppressant for use across midstream and downstream petroleum operations, subject to strict three-year conditions and regulatory monitoring. The fluorine-free agent is now cleared for deployment in depots, pipelines and processing facilities, the NMDPRA said...
[News Analysis] A September 2025 approval tied to a failed pipeline transaction has resurfaced, despite the deal being formally terminated four months earlier, according to sundry reports. The approval relates to a proposed sale of a 40 per cent stake in the Amukpe-Escravos Pipeline, a 160,000-barrel-per-day evacuation route that...
An oil firm, Sumedha Energy Limited, a joint venture partner with Nigeria Exploration and Production Limited (NEPL) and Ibom Developers have pledged to commitment towards continued sustaining projects in Akwa Ibom. Company’s manager in charge of the media, Aniekeme Finbarr, gave the pledge after receiving an award for job...
Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr Chamberlain Peterside, has warned the BRACED states against allowing the economic carpet shift below their feet again. BRACED is an acronym representing the six states in the South-South geopolitical zone of Nigeria that formed a regional economic development bloc....
The ongoing war between the United States (US), Israel and Iran in the Middle East has continued into its second week, raising the economic threat this conflict poses to South Africa. Iran has responded to the 28 February US/Israel attack by targeting oil-producing states in the Persian Gulf that...
The Emadeb Energy Group has presented the first oil from the Ibom Field, PPL 236, to the Akwa Ibom State Governor, Pastor Umo Eno. The presentation was made during a courtesy visit to Governor Eno recently [on Wednesday, December 3, 2025], at the Government House in Uyo. From left,...
The Petroleum Technology Association of Nigeria (PETAN) yesterday presented an Award of Excellence to the Managing Director of Shell Nigeria Exploration and Production Company Ltd (SNEPCo) Ronald Adams, even as it commended Shell for supporting Nigerian content development in the energy industry. The award which was handed over by...
Enugu State Governor, Peter Mbah, has called on the Federal Government to include the state in the disbursement of the 13 per cent oil revenue share. The governor said the call was in line with the Derivation Principle as provided for in the 1999 Constitution, as amended. Mbah made...
Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for last year by a Nigerian publication, Energy Times in recognition of its contributions to deep-water oil and gas development and the industry generally. Energy Times also awarded the title of Amazon of...
Ordinarily, President Bola Tinubu’s reconstitution of the governing board of the Nigerian National Petroleum Company (NNPC) Limited should inspire hope for positive changes in the country’s beleaguered petroleum sector, but for critics and many Nigerians, it is a wait-and-see response. An official government statement on 2nd April 2025, said the move...