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…
NNPC May End Naira-For-Crude Deal with Dangote Refinery Over Delivery Disputes Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) is reportedly considering terminating its naira-for-crude oil agreement with the Dangote Refinery by the end of March 2025 due to unresolved delivery issues. The six-month-old deal saw NNPCL supplying up to 385,000 barrels of…
Accelerating Nigeria’s Energy Progress: Investment, Partnerships, and Innovation Take Center Stage at NOG Energy Week By Jerome Okojokwu-Idu As Nigeria charts its course toward a sustainable energy future, the 2024 NOG Energy Week played a vital role in shaping discussions across government and private sectors by showcasing the available opportunities and driving investment to…
