NNPC Reaffirms Commitment to Effective Use of Host Community Funds for Sustainable Development in Niger Delta Yenagoa, Bayelsa State – Nigerian National Petroleum Company Limited (NNPC Ltd) has reiterated its dedication to ensuring that the funds earmarked under the Petroleum Industry Act (PIA) are judiciously utilized to foster sustainable development in host communities across the…
NCDMB Launches ‘Champions of Nigerian Content Awards’ The Nigerian Content Development Monitoring Board (NCDMB), in partnership with Sweetcrude Limited, publishers of SweetcrudeReports, is pleased to announce the launch of the ‘Champions of Nigerian Content Awards’. This prestigious awards ceremony aims to recognize and celebrate individuals and companies that have made significant contributions to the development…
Powering Progress: How EPC Companies Are Transforming Nigeria’s Energy Sector The global energy industry serves as the backbone of modern civilization, driving economies, powering industries, and ensuring the seamless functioning of society. It encompasses a wide range of activities, including the production, transformation, transportation, distribution, and consumption of various energy sources such as fossil fuels,…
OSIFO Interview: 10,000 Indians working with Sterling Oil and Gas Company should be sent away for violations of Local Content Act In the Nigerian Oil and Gas Content Act of 2010, it was specifically stated that there is no way the authority should by any means bring expatriates where local capacity exists. The regulator of…
PENGASSAN Stages Demonstration Against Sterling Oil’s Unfair Labour Practices The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has staged a major picketing action against Sterling Oil Exploration & Production Ltd, accusing the company of violating Nigeria’s labour laws and undermining local participation in the oil and gas sector. For two consecutive days,…
Heritage Energy and WIEN Empower Young Girls with Career Fair on International Women’s Day In celebration of International Women’s Day, Heritage Energy Operational Services Limited (HEOSL), in partnership with the Women in Energy Network (WIEN), hosted a Career Fair in Lagos to inspire and mentor young girls towards leadership and career excellence. Themed “Empowering Dreams:…
NCDMB Pledges Support for Heritage Energy’s OML 30 Expansion Plans The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to supporting Heritage Energy and its joint venture (JV) partners in their oil and gas operations at Oil Mining Lease (OML) 30. During a recent visit to the NCDMB Lagos liaison office, executives…
NCDMB Acquires 20% Stake in Major Refinery Project The Nigerian Content Development and Monitoring Board (NCDMB) has secured a 20% equity stake in a 100,000 barrels per day (bpd) refinery project spearheaded by African Refinery Group Ltd in collaboration with the Nigerian National Petroleum Company (NNPC Ltd). The agreement, signed on Thursday, positions NCDMB as…
Crude Oil Price Drop Puts Nigeria’s 2025 Budget at Risk Amid Global Trade Tensions Nigeria’s 2025 budget faces mounting pressure as crude oil prices continue to decline amid escalating global trade tensions. At the close of the global crude oil market last weekend, Bonny Light, Nigeria’s premium crude grade, dropped to $70.3 per barrel, marking…
TotalEnergies Targets N192bn Revenue in Q2 2025 Despite Rising Costs TotalEnergies Marketing Nigeria Plc has set its revenue target at N191.61 billion for the second quarter of 2025, despite facing increasing operational costs. This projection was disclosed in the company’s recently filed profit and loss forecast with the Nigerian Exchange Limited. According to the financial…
