Nigeria has secured a total of $13 billion in investment commitments in its oil and gas sector from major international energy companies, including ExxonMobil, Shell, and TotalEnergies.

Special Adviser on Energy to  President Bola Tinubu, OluVerheijen, revealed this in a statement made available to newsmen, Weekend.

Verheijen said the President and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have met with representatives of 15 oil and gas companies operating in Nigeria and have secured their commitment to invest in Nigerian oil and gas.… Read the rest

Gains from the Petroleum Industry Act(PIA) appears to be gaining traction as Nigeria’s oil rig count has risen from 17 in 2019 to 31 as at last month.

The improvement in oil drilling activities was disclosed by the Commission Chief Executive(CCE), of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, on the sideline event of the World Petroleum Congress (WPC|) which ended in Calgary, Canada at the weekend.… Read the rest

The Military Joint Task Force of Operation Delta Safe (OPDS) has arrested eight barges, conveying over 100,000 litres of illegally refined Automotive Gas Oil (AGO), popularly called diesel, in Rivers State.

The Commander, Joint Task Force, South-South, OPDS, Olusegun Ferreira, told newsmen at the creek of Bonny, that the barges were arrested by the OPDS team in conjunction with some maritime units in the Bonny area.… Read the rest

Worried by the different grades of petroleum products across Africa and its health implication, the African Refiners and Distributors Association (ARDA) has committed to having a single grade of Premium Motor Spirit (PMS), popularly called petrol by 2030.

Executive Secretary, ARDA, Mr. Anibor Kragha, stated this at the CEO Strategic Session 1: ‘’Market Outlook for Petrochemicals and Refineries of the Future’’ at the 24th World Petroleum Congress(WPC) which ended in Calgary, Canada, last week.… Read the rest