G7 Weighs Further Tightening of Price Cap on Russian Crude In a related international development, Bloomberg has reported that the Group of Seven (G7) is considering a collective move to tighten its oil price cap on Russian petroleum. Current proposals suggest that finance ministers may be tasked with redrawing the cap—presently set at $60 per…
NNPC GCEO Rejects Claims of Substandard Fuel Quality Speaking at a fireside chat during the 60th Nigeria Mining & Geosciences Society (NMGS) Conference in Abuja, Mr. Kyari dismissed the circulating narratives of substandard fuel as “unfortunate drama” and “bad marketing antics.” “The talk around fuel quality is unfortunate and a very bad marketing practice. It’s…
NNPC-SNEPCo Donates Medical Equipment to Boost Surgeries in Nigeria In a significant boost to healthcare services in Nigeria, the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) have donated vital medical equipment to the Benjamin Olowojebutu Foundation (BOF). The initiative will support nearly 5,000 fibroid and hernia surgeries,…
NNPCL Announces Successful Recruitment Drive as Appointment Letters to Follow NNPCL has announced the successful conclusion of its recent recruitment exercise, hailing the process as one of the fairest, most transparent, and rigorous in the country. In an official public notice, the organization confirmed that appointment letters will soon be issued to the successful candidates….
UCH Doctors Embark on Indefinite Strike Over Incomplete Residential Power Restoration Doctors at University College Hospital (UCH) in Ibadan have initiated an indefinite strike following partial restoration of power in the hospital’s residential quarters. The action, confirmed by Dr. Uthman Adedeji, General Secretary of the resident doctors’ association, comes after the Ibadan Electricity Distribution Company…
NCDMB Executive Secretary Inspects Local Facilities at Samsung and Africoat Ahead of Major Oil Projects In a bid to reinforce local content participation in Nigeria’s oil and gas sector, Engr. Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), visited the facilities of Samsung Heavy Industries Nigeria (SHIN) and Africoat…
Nigeria’s Oil Production Soars to 1.737 Million bpd in January, Fueling 2025 Revenue Hopes Nigeria’s oil sector has recorded a significant turnaround, with the country’s crude oil and condensate output surging to 1.737 million barrels per day (bpd) in January 2025. This marks the highest production level in three years and four months, and it…
Chevron Reaffirms Commitment to Transparent Recruitment Process Lagos, Nigeria – Chevron Nigeria Limited (CNL), the operator of the Nigerian National Petroleum Company Limited (NNPCL) and CNL Joint Venture, has refuted claims made in a recent online publication alleging bias in its recruitment process. In a statement, CNL described the allegations as misleading and unfounded, particularly…
Africa’s Energy Future Depends on Harnessing Natural Resources and Empowering Its People – Lokpobiri Lagos, Nigeria – At the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, emphasized that Africa’s energy destiny hinges on its ability to harness its natural resources, empower its people,…
Kyari Highlights Energy Transition, Efficiency, and Renewables as Key to Africa’s Sustainable Future At the recently concluded Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari, emphasized Africa’s critical role in ensuring energy availability, affordability, and sustainability to drive economic…
