Category: Oil & Gas

Ojulari: Inside The Extravagant Lifestyle That Landed The NNPC Boss In Trouble

ADEOLA YUSUF

    “Ojulari flew to Vienna, Austria aboard another private jet to attend OPEC Seminar in a trip that cost NNPC about $1 million. While Nigeria’s Minister of State for Petroleum flew to same event on British Airways.” Blow-by-blow account of hot petro-political fire threatening to consume the SNEPCo’s ex-MD as NNPC GCEO   The over five kilometers distance between Aso rock – the Nigeria’s seat of power – and the Towers – the global headquaters of the Nigerian National Petroleum Company Limited (NNPCL) – figuratively betrayed the law of…

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‘Deep Fake,’ Presidency Denies Ojulari’s Sack, Forceful Resignation As NNPCL GCEO

ADEOLA YUSUF

‘How not to use your influence,’ Tinubu charges media influencers on national unity   The Presidency has labelled ‘rumour’ of sack and forceful resignation of Bayo Ojulari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited as false and unfounded. A report by an online newspaper on Saturday had alleged that Ojulari was detained on Friday and coerced into signing a resignation letter by the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, and the Director-General of the Department of State Service (DSS),…

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‘2nd-Generation Mgt Team,’ Caritas Announces Leadership Transition

ADEOLA YUSUF

    . ‘Effective August 1,’ What to know about new roles for Chief Adedayo Ojo, Favour Akintan, Adedayo David Odulaja, Fisayo Ayodele, and Kazeem Afolabi at Africa’s pioneer energy, oil and gas-focused reputation consulting company     Caritas Communications Limited, Africa’s pioneer energy, oil and gas-focused reputation consulting company and a leader in strategic corporate communications consulting, is pleased to announce the appointment of a Chief Operating Officer and second-generation management team. Platforms Africa reports that the move coincides with the transition of Chief Adedayo Ojo from Chief Executive…

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Scrutiny Mounts on Dapo Segun’s Tenure as NNPC EVP Downstream

ADEOLA YUSUF

. Reps Cttee re-ignite probe on Refineries, OVH acquisition deal The House of Representatives’ Committee on Petroleum Resources (Downstream) has constituted 10 Technical Sub-Committees designed to re-ignite the now dormant inquest into the operations of the nation’s refineries and the controversial acquisition of OVH by the Nigerian National Petroleum Company Limited under the remit of Dapo Segun as the Executive Vice President, Downstream who now functions as the Company’s Chief Finance Officer. Briefing journalists in Abuja, Chairman of the Committee, Hon. Ikenga Ugochinyere said the setting up of the following…

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Dapo Segun and the Refinery Probe: A Name Omitted, a Process in Question, By Tajudeen Bukar

ADEOLA YUSUF

The Economic and Financial Crimes Commission’s ongoing investigation into Nigeria’s refinery rehabilitation projects has generated more confusion than clarity. Having closely followed the Port Harcourt and Warri refinery overhauls from the outset, I find it both perplexing and concerning that Mr. Dapo Segun—now Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL)—is absent from the EFCC’s list of individuals under scrutiny. In a letter dated April 28, 2025, the EFCC announced its probe into alleged abuse of office and misappropriation of funds related to the refineries’ rehabilitation. The…

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Again, Nigeria Misses Budget 2025 Crude Oil Output Target

Abibat Babalola

There were fresh fears over the execution of Nigeria’s N54.99 trillion 2025 budget, yesterday, as the Organisation of Petroleum Exporting Countries, OPEC, put Nigeria’s crude oil output, excluding condensate, at 1.547 million barrels per day, bpd in June 2025. This showed a marginal increase of 1.24 per cent from 1.528 million bpd recorded in May 2025, according to the organisation. In its July 2025 Monthly Oil Market Report, MOMR, released yesterday, OPEC said this was based on data from secondary sources. READ ALSO: Nigeria Hits OPEC 1.5mb/d Oil Production Quota…

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Nigeria Hits OPEC 1.5mb/d Oil Production Quota

Abibat Babalola

Nigeria’s crude oil production soared a little above 1.5 million barrels per day in June, hitting the required quota by the Organization of the Petroleum Exporting Countries (OPEC). Data sourced from OPEC’s latest Monthly Market Oil Report (MOMR) for June noted that the country’s oil production hit 1.505mb/d in June 2025 from 1.453mb/d recorded in May 2025. However, the output was still below the targeted 2.06mbpd projected in the 2025 budget. According to OPEC’s data, this is the first time the country’s production output would meet the 1.5mb/d cuts quota…

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Experts Underscore $100bn Annual Investment For Africa’s Gas Infrastructure

Ganiyu Amodu

‘Gas as transition fuel: Issue, puzzle, And Wayout,’ What the Nigerian Gas Minister; Ekperikpe Ekpo; Team Lead of Platforms Africa, Dr. Adeola Yusuf; Group Asset Manager, PSC Asset Group B at  NUIMS, Dr. Justice Derefaka; Director of Governance and Sustainability at Sahara Group, Ejiro Gray, Others said at Asharami Square 2.0   At the second edition of Sahara Group’s thought leadership forum, Asharami Square, energy experts, media practitioners, and government functionaries unanimously affirmed natural gas as Africa’s transformational fuel for bridging energy security and powering industrialisation. Platforms Africa reports that the…

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Heirs Energies, Renaissance Collaborate to Drive Nigeria’s Indigenous Oil, Gas Devt

ADEOLA YUSUF

Port Harcourt, Nigeria – 24th June 2025 – Heirs Energies Limited and Renaissance Africa Energy Company have expressed mutual commitment to strategic collaboration following a high-level courtesy visit by Osa Igiehon, CEO of Heirs Energies, to Renaissance’s leadership team, led by the Managing Director, Tony Attah. The landmark meeting, which marked the first formal engagement between the two companies post-Renaissance’s successful transition, focused on mutual priorities and shared commitment to advancing Nigeria’s oil and gas sector through indigenous leadership and innovation. Speaking during the visit, Osa Igiehon emphasized the significance…

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NCDMB Deepens Local Participation, Devt With $400m Contract Intervention Funds

ADEOLA YUSUF

‘No collateral,’ How indigenous companies can access the fund at BoI, Afreximbank, FCMB   The Nigerian Content Development and Monitoring Board (NCDMB) has organised a sensitization workshop in Lagos aimed at deepening local participation in the oil and gas sector and strengthening financing compliance with Nigerian Content regulations. Platforms Africa reports that the Executive Secretary of the Board, Engr. Felix Omatsola Ogbe, while welcoming the participants, explained that the workshop was aimed at promoting transparency, accountability, and increased access to funding for indigenous companies. Engr. Ogbe, who was represented by…

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