Business Oil & Gas Top Story

NGA-WIEN alliance ignites women’s advancement in energy sector

In a groundbreaking stride toward gender inclusivity, the Nigerian Gas Association (NGA) has unveiled a pioneering initiative that offers a fresh horizon of opportunities for women to thrive within the oil and gas sector. The NGA’s recently established Diversity, Equity, and Inclusion (DEI) Study Group is set to not only redefine norms but also to Read More…

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NLNG: Operations Continue Despite Force Majeure

Nigeria LNG Ltd. (NLNG) has affirmed that its operations at the Bonny Island plant remain underway, notwithstanding the ongoing Force Majeure status. This action is in response to major liquids evacuation pipelines being unavailable due to acts of sabotage and vandalism. The company assured that these challenges have not halted its overall functioning. In a Read More…

Business Disaster Oil & Gas

Search and Rescue underway as Seplat Energy’s drilling rig capsizes

In a startling incident, Seplat Energy’s drilling rig, the Depthwize Majestic Rig, capsized and partially sunk during a delicate move in the swampy Delta region. This happened around 5:00 AM on a Tuesday, leading to urgent efforts to rescue the rig’s crew. The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) quickly confirmed the news and stated Read More…

Business Oil & Gas Top Story

LPG retailers call for government action to avert price hike

The Liquefied Petroleum Gas Retailers Association (LPGAR) has called on the federal government to establish more local LPG production plants, and encourage storage and transportation of the product to avert a price hike. The association’s branch national chairman, Ayobami Olarinoye, made the remarks in an interview with the News Agency of Nigeria (NAN) in Lagos Read More…

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Business Oil & Gas Top Story

Nigeria LNG Maintains Force Majeure Declaration Due to Persistent Disruptions

Nigeria LNG announced on Wednesday that the force majeure, initially declared in October due to extensive flooding causing supply disruptions, remains in effect. Force majeure denotes unforeseen external circumstances that hinder a contracting party from fulfilling its obligations. “The force majeure still stands due to the continued unavailability of upstream gas suppliers’ primary liquids evacuation Read More…

Business Oil & Gas Top Story

CERAWEEK top Exxon boss wants to unblock sale in “challenging” Nigeria

In order to proceed with the blocked sale of its shallow water oil production activities in Nigeria, Exxon Mobil Corp hopes to obtain the government’s approval, a top Exxon executive told Reuters. Exxon Global Upstream President Liam Mallon announced this ahead of the CERAweek energy conference by S&P Global, which will begin on Monday in Read More…

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Business Oil & Gas Top Story

Nigeria shortlists 139 gas flaring enterprises

The Chief Executive of Nigeria’s petroleum regulator, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), announced in a statement that 139 companies have been shortlisted for the next phase of the nation’s commercialisation programme for gas flaring as part of efforts to minimise carbon emissions. The commercialisation of gas burned from Nigeria’s oil fields is planned, Read More…

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Business Oil & Gas

IPMAN appeals to members not to embark on strike

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday stated its members would not embark on a nationwide strike as being predicted. In an interview with newsmen in Lagos, Mr. Mike Osatuyi, IPMAN’s National Operations Controller, provided the assurance. It was vital, according to Osatuyi, to refute the claim that lPMAN members intended to Read More…

Business Environment Legal Oil & Gas Top Story

Supreme Court allows Shell to appeal decision delaying sale of assets

In a case that has delayed the corporation’s sale of its onshore assets, Nigeria’s Supreme Court on Friday permitted Shell Plc’s local business to appeal a decision ordering the company to pay $1.8 billion in damages for an alleged leak. Until the court issued a decision regarding an appeal filed by its subsidiary Shell Petroleum Read More…

Business Oil & Gas

Centre for Justice Development advocates gradual removal of petroleum subsidy

The lead director of the Centre for Social Justice (CSJ), Mr. Eze Onyekpere, has demanded that Nigerian subsidies be gradually eliminated. At the Public Policy Dialogue and Unveiling of Partnership for Amplified Voices (PAV) in Abuja, Onyekpere made the announcement. The director stated it was time for drastic action to be taken on subsidy. The Read More…