Author: Adah

Seplat Energy Completes Acquisition of Mobil Assets, Emerges as Nigeria’s Leading Independent Energy Company. Seplat Energy Plc, a prominent Nigerian energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has officially concluded its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This milestone transaction significantly enhances Seplat’s asset portfolio, production…

Stakeholders Call for ECOWAS and Africa-Wide Emission Regulations Nigerian energy stakeholders are advocating for a regional and continental approach to emissions reduction regulations, urging the Federal Government to align its strategies with those of ECOWAS and the African continent. The call was made during the 2024 World LNG Summit and Awards in Berlin, Germany, where…

Oil Prices Rise Despite OPEC’s Downgrade of Demand Growth Outlook. Oil prices gained around 1% on Wednesday, trimming earlier increases after OPEC revised its forecasts for demand growth downward for both 2024 and 2025. This marks the fifth consecutive downgrade in OPEC’s monthly reports. By 1310 GMT, Brent crude futures had risen 74 cents, or…

Oando Boosts Oil Production by 50% in Three Months  Oando Plc has achieved a significant 50% increase in its crude oil production within three months, following its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy firm Eni earlier this year. The announcement was made by the Managing Director of Oando Energy Resources…

Amigo LNG and Sahara Group Sign Heads of Agreement to Boost LNG Supply Chains to Asia and Latin America from Guaymas, Mexico Amigo LNG SA de CV, a subsidiary of LNG Alliance Pte Ltd, has entered into a Heads of Agreement (HOA) with Sahara Group, a leading global energy and infrastructure conglomerate, to supply Liquefied…

NNPC Selling PMS to Marketers at N1,010 Per Litre – IPMAN President The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Garima, has revealed that the Nigerian National Petroleum Company Limited (NNPCL) is currently selling Premium Motor Spirit (PMS) to oil marketers at N1,010 per litre in Lagos. This price is…

NUPRC Pushes for Faster Dispute Resolution in Nigeria’s Oil and Gas Sector. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for the establishment of Alternative Dispute Resolution Centers (ADRCs) within oil-producing regions, aiming to expedite the resolution of disputes in the upstream oil and gas sector. This initiative was highlighted during a Stakeholders’ Engagement…