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WIEN sets Tuesday for 2025 Annual General Meeting
Africa’s leading gender equity advocate in the energy sector, the Women in Energy Network (WIEN) has confirmed that its 2025 Annual General Meeting will take place on Tuesday, 25 November 2025. The meeting, scheduled for 4 pm, will be held…
“Nigeria First” policy: NCDMB launches Engineering Olympiad to spur local innovation
The Nigerian Content Development and Monitoring Board (NCDMB) has launched a new national initiative aimed at driving innovation among young engineers and closing the country’s widening skills gap. In partnership with Renaissance Africa Energy Company Limited and First Exploration &…
After giving up stake in Bonga, TOTALEnergies leads Conoil in OPL 257
Sopuruchi Onwuka After cashing out its 12.5 non-operating stake in the Shell operated oil mining lease (OML) 118 for $510 million in September, TotalEnergies is working to increase its stake in Oil Prospecting Lease (OPL) 257 to 40 percent to…
WIEN commends Midwestern Oil and Gas Company Limited on appointment of 1st female CEO
Africa’s leading gender equity advocate in the energy sector, the Women in Energy Network (WIEN), has expressed excitement at the appointment of Mrs. Elozino Olaniyan as the Managing Director and Chief Executive Officer of Midwestern Oil and Gas Company Limited….
NUPRC pledges transparent, accountable 2025 Bid Round
Sopuruchi Onwuka The Nigerian Upstream Regulatory Commission says next year’s oil block licensing round will serve as a benchmark for transparency and investor confidence as the country pushes to lift crude output and revive exploration activity. In a speech delivered…
Nigeria’s gas flare worsens despite commercialization plans
Oil output averaged 1.7 mbd between 2015 and 2024 Private refineries export 79,000 b/d since 2020 Sopuruchi Onwuka Nigeria flared about 229 billion cubic feet of natural gas in 2024, a jump of roughly 12 percent from the previous year,…
Dangote Refinery claims credit for fuel pump price drop cuts
Dangote Petroleum Refinery has pushed back against reports suggesting that the recent drop in petrol pump prices was driven by a Federal Government decision to halt the 15 percent import tariff. The company said the claim misleads the public and…
Ratings upgrade: Fiscal rascality still threatens Nigeria’s economy
Sopuruchi Onwuka Nigeria is earning new confidence from global rating agencies as President Bola Tinubu’s economic overhaul begins to show early traction. Yet the country’s rising debt load and persistent fiscal gaps continue to test how far these reforms can…
NLNG clinches third FIRS Most Compliant Taxpayer award
NLNG has again been named the Most Compliant Taxpayer in corporate Nigeria by the Federal Inland Revenue Service. The recognition, issued under the FIRS Compliant Taxpayer Award and Recognition Program, highlights organizations that consistently meet their tax obligations with diligence…
Russia’s oil price plummets to $36 per barrel
The price of Russia’s flagship Urals crude at the Black Sea plunged to as low as $36.61 per barrel at the end of last week, the lowest in nearly three years, as the U.S. sanctions on the two biggest Russian…
