Oil & Gas

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has posted a Profit After Tax (PAT) of N905 billion for June 2025, a decline of 14.14% from the N1.054 trillion reported in May. According to its Monthly Report Summary for June, it remitted N6.96 trillion to the Federation Account within the…

Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually.   This bold step will see the privately-owned refinery absorb over N1.07…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant progress in attracting investments in Nigeria’s upstream oil and gas sector, as showcased at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit.   This landmark event which was held in Lagos, brought together top government officials, investors, business…

Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal, situated in OML 11 near Port Harcourt. In June 2025, the company lifted its first crude cargo from the newly-constructed facility – the first indigenous onshore terminal constructed in the country in five decades…

The African Energy Chamber (AEC) – representing the voice of the African energy sector – has launched specialized Advisory Services to support the development of the African energy sector. Aligned with the organizations broader mandate to improve the landscape of the African energy sector and support a results-focused business environment…

From landmark acquisitions to digital innovation and ESG leadership, Seplat Energy is transforming Nigeria’s energy landscape and setting new standards for Africa’s indigenous operators, the Company’s Chief Executive Officer, Roger Brown, told Forbes Africa/Penresa team in an interview. Following its landmark acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets, Seplat…

The Managing Director and Chief Executive Officer of NLNG, Philia Mshelbila, on Wednesday, called for deliberate efforts for the displacement of dirtier fuels, like biomass, by natural gas to drive energy transition in Africa. Mshelbila made the call during a panel session titled “Diversity of Gas Development Globally” at the…

Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the three months ended 31 March 2025, recording a revenue of N1.228 trillion for the period from N268.6 billion reported same quarter last year. Its…

The Federal Government of Nigeria on Tuesday commenced tolling on the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Highway with the inauguration of the Garaku Toll Plaza. However, certain categories of vehicles, security vehicles, diplomatic cars, ambulances, and tricycles are exempted from the charges. The road is a Public Private Partnership (PPP) project under the…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the fire at its Buguma Wellhead 008, managed by its subsidiary NNPC Eighteen Operating Ltd (NEOL), to the actions of pipeline vandals attempting to tamper with the Christmas Tree and steal crude oil. Mr. Olufemi Soneye, Chief Corporate Communications Officer…