Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has taken a final investment decision (FID) on a new $2 billion gas project in offshore HI Field, in OML 144. The investment was done in partnership with Sunlink Energies and Resources Limited. The HI project is part of a joint venture …
As part of efforts to ensure energy self-sufficiency in Nigeria, the House of Representatives has proposed a new law to ensure that local oil refineries are protected and operate in a conducive environment. The proposed legislation equally seeks to prioritise access to crude supply by the local refineries. Chairman of the House Committee on Petroleum …
Zenith Bank Plc has paid a total of N51.3 billion as interim dividend to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This reflects a 63.4 per cent increase from N31.4 billion paid in H1 2024. A statement released by the bank said the dividend payout, which was made on Friday, …
Nigeria's crude oil and condensate production dropped to an average of 1.581 million barrels per day in September 2025. This was revealed in the oil production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Saturday, October 11. According to a statement signed by Eniola Akinkuotu, head of Media and Strategic Communication, NUPRC, …
Dangote Refinery has debunked reports claiming that it imported substandard Premium Motor Spirit (PMS), also known as petrol, into Nigeria. Some reports had claimed that the refinery imported petrol which contains a high level of sulphur. However, in a statement released Friday, October 10, 2025, the refinery management described the reports as “false, malicious, and …
Nestlé Nigeria has called for entries for the 2025 Nestlé Media Awards, an annual initiative that celebrates journalistic excellence and impactful storytelling across Nigeria. Since it started five years ago, the Nestlé Media Awards have recognised journalists who use their platforms to highlight real issues that affect Nigerians, such as affordable nutrition, youth empowerment, sustainable …
Savannah Energy PLC, a British energy company, has announced the appointments of two Nigerians, Uyi Akpata and Kehinde Olamide Ogunwumiju, as Independent Non-Executive Directors. A statement by the company’s management said the appointments are part of planned Board changes, in line with its succession planning regime. Akpata and Ogunwumiju are expected to bring their significant …
In its quest to strengthen investor confidence in Nigeria's oil and gas sector and boost production, the federal government has slashed the signature bonus by 90 per cent from about $100 million to $10 million. This is as it targets 2.5 million barrels per day by 2027. Chief Executive of the Nigeria Upstream Petroleum Regulatory …
The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has called on labour unions not to undertake actions that undermine the Dangote Petroleum Refinery, noting that it is a strategic investment in the oil and gas sector that the country can’t afford to watch being sabotaged by those seeking to advance selfish interests. Ubani, who …
