Energy
Oil & Gas and Power Sector related news
Aradel Holdings acquires NNPC, TotalEnergies oil field for $19.5 million
Aradel Holdings Plc, an indigenous energy company, has entered a purchase agreement through its subsidiary, Aradel Energy Limited, to acquire...
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Nigerian oil grades maintain premium status, Cast light on economy
Nigeria’s Brass River, Bonny Light, and Qua Iboe have edged much higher than the current Brent contract amid supply concerns...
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Group warns Matrix Energy against ‘media gagging’, seeks substandard petrol allegations probe
An anti-corruption group, the Centre for Accountability and Transparency (CAAT), has advised Matrix Energy Limited to backtrack from its alleged...
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NNPC to sell off some of its assets to increase profitability – Umar Ajiya
The Chief Financial Officer of the Nigerian National Petroleum Company (NNPC) Limited, Umar Ajiya, has stated that the company is...
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NNPC begins export of gas to Japan, China
The Nigeria National Petroleum Corporation (NNPC) Limited has announced the commencement of Liquefied Natural Gas (LNG) exports to the Asian...
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Nigeria’s average oil production drops to 1.4 million barrels per day in Q2, 2024 – NBS
The average daily crude oil production in Nigeria during the second quarter of 2024 has dropped from 1.5 million barrels...
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Malta Controversy: Matrix Energy seeks court protection amid accusations of importing substandard petrol
An Indigenous oil company, Matrix Energy Limited, has asked a Federal Capital Territory High Court to restrain two media houses...
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Oando secures $650 million Afreximbank loan to finance acquisition of Nigerian Agip Oil Company
African Export-Import Bank, Afreximbank, has announced that it provided a $650 million lending facility to Oando Plc as part of...
Read moreDetailsNigeria’s oil production rises to 1.53 million barrels per day in July – NUPRC
Nigeria’s crude oil and condensate productions have increased to 1.53 million barrels per day in the month of July, this...
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NNPCL deducts $262.55 million from remittances to FIRS as tax credit for road infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has deducted a total of $262.55 million from its remittances to the Federal...
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