News

*Bonga Floating Production Storage and Offloading (FPSO). Lagos — Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of […]

Port Harcourt — Implementation of Executive Order 9 aimed at strengthening oil revenue remittances to the Federation Account has commenced, according to the Special Adviser to President Bola Tinubu on Energy, Olu Verheijen. Verheijen disclosed […]

MT Asharami Ghana Oritsegbubemi Omatseyin Lagos — Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000 cubic metre Liquefied Petroleum Gas, LPG, carrier, expanding its fleet capacity, while strengthening […]

*Bonga Southwest Aparo deepwater project. Mkpoikana Udoma Port Harcourt — President Bola Ahmed Tinubu has approved a targeted fiscal incentive package aimed at unlocking the long-delayed Bonga Southwest Aparo deepwater project, a move expected to […]

Port Harcourt — Implementation gaps, weak transparency and inconsistent funding are undermining the economic potential of Host Community Development Trusts, HCDTs, created under the Petroleum Industry Act, stakeholders warned in Port Harcourt as a new […]

Lagos — Following a surge in Brent and WTI prices above $119 a barrel on 9 March 2026, with Brent briefly nearing $120, its highest level in almost four years. Brent crude futures climbed to […]