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Heirs Energies stakes $500m on 20.07% Seplat equity
Buys Out Maurel & Prom Sopuruchi Onwuka Heirs Energies has declared that it has acquired a 20.07 percent equity stake in Seplat Energy Plc, strengthening indigenous ownership in Nigeria’s largest independent energy company. The indigenous integrated energy firm announced on…
NCDMB flaunts funding, mentorship in 2025/2026 innovation challenge
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to supporting innovation in the oil and gas sector through funding, mentorship, and business development opportunities for participants in its 2025/2026 Research, Innovation and Technology Challenge….
The IPPG blueprint behind petroleum reforms, NNPC’s shift from JV positions
Seplat, Oando may welcome new partners Sopuruchi Onwuka The ongoing plans by the Nigeria’s national oil company, NNPC Limited, to divest significant equity in several oil blocks in early 2026 as part of an overall strategy proposition developed by leading…
Trump rders quarantine of Venezuelan oil
The White House has directed U.S. military forces to focus on interdicting Venezuelan oil shipments for at least the next two months, escalating economic pressure on President Nicolás Maduro’s government while stopping short of direct military confrontation. U.S. officials said…
Eyesan pledges transparency, efficiency at NUPRC
Sopuruchi Onwuka The new Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has pledged to entrench digitization, transparency, and operational efficiency as the cornerstone of her leadership. Mrs. Eyesan who held her first town…
Another year closes with fuel price drop
* Dangote’s price cuts face implementation challenges Sopuruchi Onwuka The domestic fuel market is set to end 2026 with slight fall in the prices of transportation fuels, especially the premium motor spirit popularly called petrol which fires cars and light…
Heirs Energies to drive long-term growth with $750m
Sopuruchi Onwuka Heirs Energies Limited has secured a $750 million financing from the African Export–Import Bank (Afreximbank), marking one of the largest funding transactions ever obtained by an indigenous African energy company. According to Heirs Energies, the Afreximbank facility will…
EU’s stand-down on combustion engine ban signals boost for oil market
Sopuruchi Onwuka The European Union’s decision to soften its planned 2035 ban on new combustion-engine vehicles is being read by energy markets as a clear positive for oil producers, signaling a slower and less absolute transition away from fossil fuels…
$60 oil pose early test for Nigeria’s 2026 Budget
Sopuruchi Onwuka Global petroleum prices over the weekend offered little comfort that the oil price benchmark underpinning Nigeria’s 2026 budget will hold, raising fears of a repeat of the 2025 shortfall triggered by an unusually bearish market. Although fiscal planners…
Shell celebrates retirees at 4th annual golf tournament in Lagos
Shell Nigeria celebrated its retired employees at the fourth edition of its annual golf tournament, held in their honour by Shell Exploration and Production Company Limited (SNEPCo) at the Lakowe Golf Course in Lekki, Lagos. A total of 47 retirees…
