Tag: Crude oil
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President Tinubu’s Nephew Didn’t Buy NNPC Ltd.—He Just Inherited the Oil Stains and Office Chair
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President Tinubu’s nephew isn’t leading a corporate takeover; it’s just a strategic merger of NNPC Ltd. and OVH Energy, not a family acquisition. In the latest twist of Nigerian oil and gas drama, you might have heard that President Bola Tinubu’s nephew, Wale Tinubu, acquired NNPC Ltd. Sounds juicy, right?…
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Senegal Begins Oil Production, Promises Reform
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Senegal begins oil production, promising transparent profit management and reforms to boost economic growth. President Faye commits to renegotiating contracts for greater national benefit. Senegal has marked a significant milestone as it commenced oil production, a development President Bassirou Diomaye Faye hailed as a pivotal moment in the nation’s history.…
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NNPC E&P Ltd. and NOSL Celebrate First Oil in OML 13, Akwa Ibom State
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NNPC E&P Ltd. and NOSL have begun oil production at OML 13 in Akwa Ibom State, Nigeria, starting at 6,000 barrels per day and aiming for 40,000 barrels per day by May 27th, 2024. This marks a key step in Nigeria’s oil and gas sector, showcasing their commitment to growth,…
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Chad Shocks Oil Industry: Nationalizes Exxon Mobil Assets
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Exxon Mobil, the multinational oil giant, faces a startling development as Chad announces the nationalization of all its assets, including vital permits for hydrocarbon exploration. This unexpected move has sent shockwaves through the energy sector, catching many off guard and raising significant concerns. Experts are wary of the impact this…
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NNPC Ltd. Resolves Tightness in Fuel Supply, Reassures Nigerians of Stable Prices
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In a recent statement, the Nigerian National Petroleum Company Limited (NNPC Ltd.) addressed the current tightness in the supply of Premium Motor Spirit (PMS) across some areas in Nigeria, attributing it to logistics issues that have since been resolved. The Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye, emphasized…
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Galp Energia’s Namibian Oil Discovery: A Game-Changer for East Africa
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Namibian Oil is making waves in the energy industry, with Galp Energia’s recent discovery in the Mopane field off the coast of Namibia. The Portuguese oil company’s exploration efforts have uncovered significant light oil columns in high-quality reservoir sands, indicating the potential for at least 10 billion barrels of oil.…
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Port Harcourt Refinery Revival Sparks Economic Hope
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Port Harcourt Refinery’s imminent functional status has become a focal point of optimism and progress in Nigeria’s energy sector. The recent announcement by the Senate Ad-Hoc Committee that the refinery will commence operations before the end of December has been met with enthusiasm across the country. This development aligns with…
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Unveiling the Truth: 17 Soldiers Killed in Okuama Community (ICIR Report)
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Okuama Community -recent investigation by the International Centre for Investigative Reporting (ICIR) has shed light on the underlying causes behind the tragic killing of 17 soldiers in the Okuama community in Ughelli South LGA of Delta State. The incident, which occurred in the context of an ongoing feud between illegal…