Category: Oil & Gas

‘Clear Line Drawn,’ Nigeria Hints At Mass Revocation Of Idle Oil Blocks

ADEOLA YUSUF

  “The mandate from His Excellency, President Bola Ahmed Tinubu, to the new NNPC Ltd Board to review all existing operatorship arrangements is not just an administrative exercise it is a clear signal,” everything oil minister said at NOG Energy Week 2025   The Nigerian government on Tuesday hinted at possible mass revocation of unproductive oil blocks, declaring to oil companies to either step up or step aside. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri Ph.D., who declared this at the NOG Energy Week 2025, maintained that…

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$2.8bn AKK Gas Pipeline Project Crosses River Niger, NNPC Eyes Completion By Dec

ADEOLA YUSUF

‘Nigeria now enjoyed 100% crude oil pipelines availability throughout June 2025,’ Ojulari reviews stewardship at the NOG 2025 The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline has successfully crossed the River Niger, boosting the hope of the project’s completion by Q4 2025. Platforms Africa reports that the Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, who announced the significant milestone while delivering a Keynote Address at the 24th NOG Energy Week (NOG) on Tuesday, said the feat…

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‘12.5% Stake,’ Shell Bets Fresh $510m On Nigeria’s Bonga Oil Field

Ganiyu Amodu

Shell Nigeria Exploration and Production Company Ltd (SNEPCo), a subsidiary of energy giant Shell, has acquired a 12.5 percent stake in Nigeria’s Bonga. The transaction is valued at $510 million and is still subject to customary conditions, including regulatory approvals. TotalEnergies confirmed the divestment in a statement issued in Paris, noting that its subsidiary, TotalEnergies EP Nigeria (TEPNG), signed a binding agreement with SNEPCo for the sale of its non-operated interest in the Oil Mining Lease (OML) 118 Production Sharing Contract (PSC), which includes the Bonga field. OML 118, located…

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Femi Soneye Quits, NNPC To Name New Spokesperson

ADEOLA YUSUF

Why I Exited NNPC – Soneye Gives Details of Disengagement With Oil Giant   The Nigerian National Petroleum Company Limited (NNPC) is to announce a new spokesman as Olufemi Soneye resigned as the company’s Chief Corporate Communications Officer. In a statement he personally authored and sent to Platforms Africa, Soneye said that he would no longer be the spokesperson for the oil giant as he had “stepped aside from his role as Chief Corporate Communications Officer of NNPC Ltd.” After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim…

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NUPRC Heightens Nigeria’s Crude Oil Exports Tracking, Issues New Guidelines

ADEOLA YUSUF

“To all licences and leases granted or preserved under the Petroleum Industry Act (PIA) 2021,” seven things to know about the NUPRC’s Advanced Cargo Declaration, the guidelines covering crude oil, natural gas, natural gas liquids and petroleum products exported from all terminals and export points in Nigeria.   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the release of new guidelines for the advanced cargo declaration regime, a move aimed at enhancing transparency, accountability and efficiency in Nigeria’s crude oil and petroleum exports. Platforms Africa reports that the guidelines,…

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‘Effective August 15,’ Dangote Refinery To Begin Petrol, Diesel Distribution Nationwide

Ganiyu Amodu

The Dangote Petroleum Refinery has announced plans to begin nationwide distribution of Premium Motor Spirit and diesel from August 15, 2025. The company is deploying 4,000 brand-new Compressed Natural Gas-powered tankers to boost delivery capacity and improve access to fuel across the country. The offer, according to a statement released on Sunday, is open to marketers, petrol station dealers, manufacturers, telecoms operators, aviation firms, and other large-scale fuel users. The firm also disclosed plans to support distribution through the establishment of daughter booster CNG stations and a dedicated fleet of…

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Oil Producers Review NUPRC Role in $3.68Bn Shell, Exxonmobil’s Assets Divestment

Abibat Babalola

. ‘We are in,’ what IPPG Chairman, Abdulrazaq Isa, said on Project One Million Barrels Incremental initiative, a programme designed by NUPRC to boost daily crude oil production.     A delegation from the Independent Petroleum Producers Group (IPPG) visited the Abuja headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday, during which it reviewed the Commission’s role in the assets divestment by the International Oil Companies (IOCs) amounting to over $3.68 billion. Platforms Africa reports that Renaissance Africa Energy Holdings successful completed acquisition of Shell Petroleum Development…

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Nigeria’s Akachukwu Nwokedi Is Int’l Gas Union’s Regional Co-ordinator For Africa

Ganiyu Amodu

. How the NGA President took over from Egypt’s Khaled Abubakr   Mr. Akachukwu Nwokedi, President of the Nigerian Gas Association (NGA), has been appointed Regional Coordinator for Africa by the International Gas Union (IGU) to oversee its activities and initiatives across the continent. He succeeds Engr. Khaled Abubakr of Egypt, who previously served as the IGU’s Regional Coordinator for Africa and the Middle East until his recent election as Vice-President of the IGU for the 2028–2031 term. The announcement was made at the recently concluded World Gas Conference (WGC)…

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How Govt Intervened, Ended Sterling Oil, PENGASSAN Feud

Ganiyu Amodu

“Truce strengthens Industry Harmony as parties reach an amicable resolution.”   The Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have reached a resolution on all outstanding matters, following collaborative engagements facilitated by the Federal Government on 4th of June 2025. The parties have earlier bickered over some trade issues. A source at the PENGASSAN told Platforms Africa that there were multiple rounds of meetings between parties since the beginning of the year under the supervision of government…

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Company Registered Days Before Bidding Can Be Awarded Oil blocks – Komolafe 

ADEOLA YUSUF

    NUPRC Boss Speaks On Report 40 Oil Block Licences Expired, Guidelines Violated   The technical and financial capacity of a bidder is assessed not merely by the date of incorporation of the bidding entity, but by the pedigree and proven track record of its promoters, affiliated companies or parent organisations, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has declared. Platforms Africa reports that Komolafe was reacting to a report that a particular company registered days before the commencement of bidding was improperly awarded…

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