Category: Oil & Gas

‘Tank Farms, Loading Gantries,’ Downstream’s Slide Into Duopoly Threatens Multi-Million Dollars Investment

Ganiyu Amodu

The downstream sub-sector of Nigeria’s oil industry has begun a slide into a duopoly threatening multi-billion dollar investments. A survey by Platforms Africa showed a steady dip in activities at major tank farms and loading gantries at the cocosheen area of Apapa. Some of these facilities, connected to the Ibru jetty, were before now a centre of activities. ‘One Post, 1.7 Million Views,’ Platforms Africa’s Ratings Soar Oil Theft: Fact And Figures Of A National Emergency, By Adeola Yusuf After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim…

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‘You’ll Do Well Here,’ Delta Gov Assures Safety, Success for Renaissance

Efe Wellington

    Delta State Governor, Sheriff Oborevwore, has pledged his administration’s full support for the operations of Renaissance Africa Energy Company Limited, successor to the Shell Petroleum Development Company and operator of the NNPC/Renaissance/TotalEnergies/AENR Joint Venture. Platforms Africa reports quoting a statement that the governor spoke in Asaba, the state capital on Thursday, assuring the Renaissance leadership of the safety and success of their operations in Delta State. “You will do well in Delta State. I assure you that your operations here are safe. Delta State is one of the…

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NiPeTE Secures National Technical Board’s Approval

Efe Wellington

. Rebrands to boost professionalism in oil, gas industry The Nigerian Institution of Petroleum Engineers (NiPeTE) a division of the Nigerian Society of Engineers (Formerly the Petroleum Division) has announced plans to rebrand as the Nigerian Institute of Petroleum and Gas Engineers, as part of a strategic move to enhance professionalism and drive growth in Nigeria’s oil and gas sector. Engr. Prisca Kanebi, Chairperson of NiPeTE, disclosed this at a media conference held in Lagos to brief the press on the Institute’s renewed focus and future direction. ‘Deep-Water Pioneer,’ SNEPCo…

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‘Deep-Water Pioneer,’ SNEPCo Named Major Oil Company of the Year’

Precious Ibekwe

. Former MD Elohor Aiboni is Amazon of Nigeria’s Oil Sector   Shell Nigeria Exploration and Production Company (SNEPCo) has been named Major Oil Company of the Year for last year by a Nigerian publication, Energy Times in recognition of its contributions to deep-water oil and gas development and the industry generally. Energy Times also awarded the title of Amazon of Nigeria’s Oil Sector for 2024 to Mrs. Elohor Aiboni, a former Managing Director of SNEPCo now on international assignment in Brunei. The awards were presented to SNEPCo’s Senior Operations…

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64-Year Countdown: As Clock Ticks On Nigeria’s Oil Future

Damilola Olonade

Platforms Africa presents the figures-don’t-lie implication of the target Tinubu gave to NNPC Limited for oil production increase at a time Komolafe declared crude reserves index stands at 64 years, even with the current 1.64 million barrels daily     Nigeria’s oil and gas industry was, in the last two weeks, laced by two critical issues that have kept tongues wagging. The first was the target president Bola Ahmed Tinubu gave to Bayo Ojulari,  the new Group Chief Executive Officer of the Nigeria Nigeria National Petroleum Company Limited (NNPC Ltd)…

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‘Oyebanji, Adelabu, Kyari, Soneye, Andy Odeh, Others,’ Who-Won-What At energyTIMES Awards

Ganiyu Amodu

Biodun Oyebanji, Governor of Ekiti State; Adebayo Adelabu, Minister of Power; Engr. Mele Kyari, former Group Chief Executive Officer of NNPC Limited; Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd; and Andy Odeh, former General Manager, External Relations and Regulatory Compliance at Nigeria LNG Limited (NLNG), were among the leading energy stakeholders recognized at the second edition of the energyTIMES Awards. Platforms Africa reports that the event, held in Oriental hotel, Lagos, honored exceptional individuals and organizations spearheading excellence and innovation in Nigeria’s energy sector. Kola Adesina, Group Managing…

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‘Resource-Rich, Serious Investment Destination,’ NGA Flaunts Nigeria’s Profiles For WGC 2025

Ganiyu Amodu

The Nigerian Gas Association (NGA) has confirmed its strategic participation at the 29th World Gas Conference (WGC2025), set to take place in Beijing, China. Speaking during a media engagement in Lagos, NGA President, Akachukwu Nwokedi revealed that the Association would host a Nigeria Pavilion at the prestigious triennial event, organized by the International Gas Union (IGU). The Pavilion will spotlight Nigeria’s gas sector progress, highlight investment-ready opportunities, and promote strategic interests under the “Decade of Gas” initiative. “This platform is not just symbolic. It is strategic. It signals Nigeria’s readiness…

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Nigerian Gas Sector Gets $450m Investment Boost

Ganiyu Amodu

. As Temile Development Company Secures VLGC Contract   The Nigerian gas sector has received a significant investment boost with Temile Development Company Ltd (TDC) securing a contract with Hyundai Heavy Industries (HHI) for the construction of an 88,000 cubic meter Very Large Gas Carrier (VLGC). The contract, signed in London, UK on Wednesday alongside a deal for the construction supervision contract with the NLNG Shipping & Marine Limited (NSML), is valued at over $250 million and brings TDC’s total investments in the gas sector to over $450 million, within…

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‘It’s Official,’ Nigeria Oil Reserve Is 37.28 Bn Barrels, Gas Reserve Is 210.54 TCF

ADEOLA YUSUF

   ‘I, Engr. Gbenga Olu Komolafe, Commission Chief Executive, hereby declare…” you actually want to read the full official annual national Hydrocarbon Index for 2025 NUPRC Boss Sent to Platforms Africa   Nigeria has declared 37.28 billion barrels as the total oil and condensate reserves and 210.54 trillion cubic feet (TCF) as total gas reserves in its official National Petroleum Reserves Position for 2025. Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC),  Gbenga Komolafe, who officially released the data in a statement to Platforms Africa on Saturday morning,…

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Tompolo Talks Tough As Protesters Attack 28,000bpd Facility

Ganiyu Amodu

Angry Itsekiri protesters, on Wednesday, shut down a 28,000 barrels-per-day oil facility in Ugborodo Community, Warri South-West Local Government Area. The action was in protest against what the youths described as a biased ward delineation report released by the Independent National Electoral Commission. The protesters accused INEC and its “collaborators” of orchestrating an ethnic cleansing agenda aimed at marginalising the Itsekiri people. They also warned that any attempt to use the pipeline surveillance contract awarded to High Chief Government Ekpemupolo, popularly known as Tompolo, would be resisted if perceived to…

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