Category: Oil & Gas

Court Seizes Zenon Petroleum’s Headquarters Over N7.2 Bn Debt

DAMILOLA OLONADE

    Under the ruling, Zenon’s management, led by Mr. Femi Otedola, is barred from selling, transferring, or dealing in the property until the debt is fully settled.   The Court of Appeal in Lagos has ordered the seizure of Zenon Petroleum & Gas Limited’s Victoria Island headquarters over an unpaid judgment debt of N7.2 billion. In a ruling delivered on June 26, 2025, the appellate court directed the attachment of the company’s asset, Victoria Island Towers, following a prolonged legal battle between the Asset Management Corporation of Nigeria (AMCON)…

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Nigeria’s Export Renaissance, By Sola Adebawo

GBENGA ADEOTI ADEOTI

  While these results are a cause for celebration, they also serve as a reminder of the long road ahead.   The recent announcement by the Nigerian Export Promotion Council (NEPC) that non-oil exports has reached a remarkable US$3.225 billion in the first half of 2025, a robust 19.59% increase over the previous year, is more than just a set of statistics; it is a powerful story of hope and a clear signal of progress for the Nigerian economy. It is a testament to the nation’s budding economic diversification efforts.…

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‘No Salary For 4 Months,’ NNPC Refinery Staff Unpaid for 120 Days

GBENGA ADEOTI ADEOTI

    ‘You have just seven days,’ NUPENG issues  ultimatum to NNPC management     Support staff at NNPC’s Warri refinery, a 125,000 Barrels of Oil Per Stream Day BPSD facility, have not been paid for four months. Africa OiltGas Report (A0GR), which reported this, quoted Dafe lghomitedo, the worker’s representative to have said that the workers “last received their pay for March 2025.” Platforms Africa reports that the Warri refinery is located in the western Niger Delta basin, in Nigeria’s mid-west. The Nigeria Union of Petroleum and Natural Gas…

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Heirs Energies Strengthens Africa’s Energy Voice at Major Int’l Fora

GBENGA ADEOTI ADEOTI

Heirs Energies, Africa’s leading indigenous-owned integrated energy company, continued to amplify its commitment to energy sufficiency for Africa with a strong presence at two landmark events: the U.S.–Africa Energy Forum and the Namibia International Oil & Gas Conference 2025. At both forums, Heirs Energies showcased its strategy of responsibly harnessing Africa’s vast natural resources to deliver energy security, drive industrialization, and create long-term shared prosperity. At the USAEF in Houston, Texas, Osa Igiehon, CEO of Heirs Energies, joined global energy leaders and policymakers in high-level sessions examining the future of…

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Namibia Oil Confab: Heirs Energies’ CEO Shares Hard-won Insights From OML 16 Transformation

Abibat Babalola

As Namibia emerges as Africa’s next major oil frontier, Heirs Energies CEO Osa Igiehon will take center stage at the Namibia Oil & Gas Conference (NOGC) 2025 to share the blueprint for building world-class African energy companies. Osa will headline the session – “The Making of an African Independent” – on 14 August, bringing hard-won insights from Heirs Energies’ transformation of Nigeria’s OML 17 into one of West Africa’s most successful indigenous-operated assets. The session opens with an exclusive fireside chat between Osa Igiehon and Dr. Clemens von Doderer of…

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‘Milestone,’ NAPE Clocks 50 Years, Highlights Legacy of Excellence, Impact

DAMILOLA OLONADE

    Highest body of oil and gas explorationist in Nigeria, the Nigeria Association if Petroleum Explorationists (NAPE) has underscored its Legacy of Excellence and Impact Over the past five decades as the group clocked 50 years of existence. President of the association, Johnbosco Uche, who reeled out achievements of NAPE during a virtual press conference, maintained that the group has contributed significantly to the development of the oil and gas industry. He said; “Fifty years ago, a group of visionary Nigerian geoscientists came together to build an institution dedicated…

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‘The Challenges Before Us,’ Ojulari Speaks 1st Time After Resignation Rumour

ADEOLA YUSUF

    ‘Ojulari Unedited,’ Platforms Africa publishes word-for-word the rousing speech the embattled Group Chief Executive Officer (GCEO) of the NNPC delivered to excited participants at the Society of Petroleum Engineers (SPE) annual conference in Lagos     Tonight, I won’t do so, but thank you very much for giving me the opportunity to have this lecture. It is an honor and a privilege to address you today at the defining moments in the global energy landscape. We find ourselves at a critical inflection point where the imperatives of energy…

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NNPCL Controversy: AEF Raises Alarm As EFCC, DSS Refute Claims

Ganiyu Amodu

The Arewa Economic Forum (AEF) has called on the Federal Government to provide an official clarification regarding reports that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bashir Bayo Ojulari, was pressured to resign. This comes as the Economic and Financial Crimes Commission (EFCC) and Department of State Services (DSS) refuted allegations of involvement in the matter. The controversy stems from recent media reports suggesting that operatives from the EFCC and DSS allegedly abducted and coerced Ojulari into signing a resignation letter late on Friday.…

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HEIRS Energies CEO Headlines 2025 U.S.-Africa Energy Forum

ADEOLA YUSUF

. to advocate for Africa’s Energy Sufficiency at Forum   Heirs Energies, Africa’s largest indigenous-owned integrated energy company, has announced that its Chief Executive Officer, Osa Igiehon, will represent the company at the 2025 U.S.-Africa Energy Forum (USAEF), taking place on August 6–7, 2025 at the Post Oak Hotel in Houston, Texas. The Forum will bring together U.S. and African policymakers, financiers, and private sector leaders to discuss investment, innovation, and partnerships shaping Africa’s evolving energy landscape. Osa will deliver an Executive Insight and participate in the Explorers Town Hall…

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76 Oil Wells: Truth Cannot Be Burnt,By Saviour Johnbull

Abibat Babalola

The recent recirculation of an old Senate video featuring Senator Victor Ndoma-Egba, SAN, has reignited conversations around the long-settled issue of the 76 oil wells legally ceded to Akwa Ibom State. While some may seek to stir emotions, the video actually offers clarity and dignity, rooted in law, patriotism, and maturity. Senator Ndoma-Egba, then Leader of the 6th Senate and a respected son of Cross River State, stated: “In many ways, Bakassi is now part of Cameroon following the judgment of the ICj . The Supreme Court also delivered its…

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