Oil and Gas Archives — City Business News

February 18, 2025 No Responses

NCDMB Boss Visits Samsung, Africoat

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday visited the facilities of Samsung Heavy Industries Nigeria (SHIN), and Africoat Nigeria Limited, a pipe coating plant, located at Takwa Bay, Lagos.A statement explained...

February 11, 2025 No Responses

Dangote Refinery Reduces Diesel Price To N1,020 Per Litre

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general.Since it began...

February 5, 2025 No Responses

NLNG Photo News

L-R: The Managing Director/CEO, Nigeria LNG, Philip Mshelbila; Governor of Rivers State, Sir Siminalayi Fubara and Nigeria LNG’s General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall at the Government House, Port Harcourt fo...

February 4, 2025 No Responses

Nigeria Generates $831.14b From Oil, Gas In 24 Years

Nigeria generated over $831.14 billion in revenue from the oil and gas sector between 1999 and 2023, the Nigeria Extractive Industries Transparency Initiative (NEITI), has declared. NEITI’s Executive Secretary, Ogbonnaya Orji, stated this on Monday when he...

January 22, 2025 No Responses

FG Targets Oil Production In Ogoniland

President Bola Tinubu on Tuesday directed the National Security Adviser (NSA), Nuhu Ribadu, to coordinate negotiations with various parties within Ogoniland in the oil-rich Niger Delta area to resume oil production in the area. The President, who gave the dire...

January 16, 2025 No Responses

Kyari: NNPCL Remitted ₦10tri In 2024

For the year 2024, the Nigerian National Petroleum Company Limited (NNPCL) remitted ₦10 trillion to the federation account. The Group Chief Executive Officer (GCEO), NNPCL, Malam Mele Kyari stated this on Wednesday during a presentation on NNPCL’s 20...

January 6, 2025 No Responses

SERAP To NNPCL: Account For N825b, $2.5b For Refinery Repairs

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari to “account for and explain the whereabouts of the alleged missing N825bn and $2.5...

January 5, 2025 No Responses

PETROAN Seeks ₦100b Grant From FG

The Petroluem Products Retail Outlets Owners Association of Nigeria (PETROAN) has appealed to President Bola Tinubu to approve ₦100bn grant to help oil marketers stay afloat. In a statement on Saturday, titled PETROAN’S Retrospect of Nigeria’s Oil ...

December 30, 2024 No Responses

Warri Refinery Goes Live

The 125, 000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running.This was disclosed by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari during...

December 16, 2024 No Responses

Tinubu Celebrates Shell, Partners’ $5b Deepwater Investment

President Bola Ahmed Tinubu welcomes Shell and its partners’ announcement of the Final Investment Decision (FID) on the Bonga North Deep Offshore Field.A statement issued on Monday by Bayo Onanuga, Special Adviser to the President,(Information & Stra...

December 15, 2024 No Responses

Japan Ambassador, Business Community Laud Dangote Refinery

The Dangote Refinery and Petrochemicals complex has been hailed as an astonishing masterpiece, showcasing Nigeria’s technological advancements on the global stage.This accolade was shared by a delegation from the Japanese Business Community in Nigeria, led b...

December 12, 2024 No Responses

Seplat Energy Completes Acquisition Of Mobil Producing Nigeria

SeplaSeplat Energy Plc has completed acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil .According to Seplat Energy, the transaction is transformative for Seplat Energy, “more than doubling production and positioning the Company to d...

November 26, 2024 No Responses

NLNG Bags Three NECA Awards

The Nigeria LNG has been honoured with three awards at the 4th Nigeria Employers’ Consultative Association (NECA) Employers’ Excellence Awards.Nigeria LNG in a statement on its Facebook page on Tuesday explained that “These awards recognise our commi...

November 24, 2024 No Responses

Seplat Energy: Gas Will Drive Development With Minimal Emissions

Gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission, Seplat Energy Plc has saidAccording to the leading energy company, gas is the solution to many immediate problems in Africa; thus, ...