Category: Oil & Gas

450,000 Barrels Daily TNP Shut As Explosion Rocks Nigeria’s Largest Oil Pipeline 

Efe Wellington

‘Few Days After Takeover,’ details of incident on the 180 kilometers (112 miles) long asset newly bought by Renaissance Africa Energy Company Limited as part of SPDC acquisition    An explosion has struck the Trans-Niger Pipeline, one of Nigeria’s largest oil pipelines, causing significant disruption and raising concerns about environmental damage and economic losses. The incident, which occurred in Rivers State, is the latest in a series of political crises plaguing the country’s oil infrastructure. The explosion, reported late Monday evening sent plumes of thick smoke into the sky, visible…

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NCDMB Probes Sterling Oil Over Alleged Expatriate Quota Violations

Ganiyu Amodu

. PENGASSAN President, Festus Osifo, has staged a protest at SEEPCO HQ, accusing the company of alleged anti-labour practices and expatriate abuses   The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to enforcing local content laws in the oil and gas sector, following allegations of expatriate quota violations by Sterling Oil Exploration and Energy Production Company (SEEPCO). Platforms Africa reports that the President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, recently staged a protest at SEEPCO’s headquarters in…

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TotalEnergies Probed Over Mozambique Attack

Ganiyu Amodu

French prosecutors have opened a formal manslaughter investigation into energy giant TotalEnergies over its alleged role in a deadly jihadist attack in northern Mozambique in 2021. The probe follows legal complaints from survivors and relatives of victims, who accuse the company of failing to protect subcontractors working near its major gas project at the time. The news was first reported by AFP. The investigation was officially launched on Friday by prosecutors in Nanterre, a western suburb of Paris. TotalEnergies is being probed for involuntary manslaughter and failure to assist persons…

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What ND Western, Partners’ Completion of SPDC’s $2.4 Bn Acquisition Means For Nigeria – Kalejaiye

ADEOLA YUSUF

      More facts have emerged on the completion of historic acquisition of pioneer oil and gas firm in Nigeria, Shell Petroleum Development Company (SPDC). Platforms Africa has, in an exclusive story, earlier reported the re-christening of SPDC, a company established in 1979, after the Renaissance Africa Energy Company (RAEC) finalised the deal. Chief Executive Officer of ND Western Limited, Mr. Lanre Kalejaiye told Platforms Africa in a statement at the weekend that that $2.4 billion “landmark acquisition marks a significant milestone in Nigeria’s energy sector.” Kalejaiye’s Company, ND…

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SPDC Renamed After 46 Years As Renaissance Seals $2.4Bn Acquisition

ADEOLA YUSUF

Historic: Everything Tony Okonedo said about the deal that led to the re-christening of SPDC, the pioneer of petroleum industry in Nigeria + NEW NAME   Shell Petroleum Development Company of Nigeria (SPDC) has been renamed Renaissance Africa Energy Company Limited after 46 years of operation in Nigeria. Platforms Africa reports that this was sequel to the acquisition of the company’s entire stake by Renaissance Africa Energy Holdings today, Thursday, March 13, 2025. Renaissance announced that it had successfully completed the landmark transaction between itself and Shell for the acquisition…

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Oil, Gas Investments Won’t Make Africa a Net Contributor to Global Emissions – Veheijen

Abibat Babalola

The Nigerian government has reaffirmed its commitment to creating an enabling environment for hydrocarbon investments to address energy poverty, emphasizing that Africa is not a net contributor to global emissions. The Special Adviser to President Bola Ahmed Tinubu on Energy, Olu Verheijen, made this statement on Tuesday in Houston Texas, United States during a session at CERAWeek by S&P Global, themed “Policy and People: Pathways to a Just Transition.” The session, chaired by Vera Blei, Head of Market Report & Trading Solutions at S&P Global, featured key speakers including Scott…

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Axxela Reacts As Ownership Dispute Erupts On Land For Gas Plant

Abibat Babalola

‘Registered deed of assignment, Governor’s consent obtained,’ everything the company said on the land at Umuseti Community, Delta State Energy firm, Axxela, has reacted to the ownership dispute, which erupted on the land meant for its gas plant Umuseti Community, Delta State. The company, in a statement to Platforms Africa, maintained that the land in question was acquired following rigorous due diligence and in full compliance with all relevant legal and regulatory frameworks. READ ALSO: Infection Rocks King’s College Lagos, Kills One Student, 14 Hospitalised I’ve Over Eight Videos Of…

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‘Swift, Decisive Action,’ 11Plc Lays Off Station Attendant Over Misconduct

Gbenga Adeoti

  11 Plc, said it has taken swift and decisive action against attendants involved in unacceptable conduct at one of its Mobil service stations in Lagos. Platforms Africa reports that the company, in a statement, said its prompt response to the incident demonstrates its zero-tolerance policy for misconduct and reaffirms its dedication to upholding the highest standards of integrity and quality service. NNPC Speaks, 11 Plc Begins Probe Over Lagos Filling Station Explosion ‘He Stole N112m,’ FCMB Bank ex-Manager Jailed 121 Years ‘1 PhD, 3 Master’s Degrees,’ Special Story of…

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FACT CHECK: Did NNPC Suspend Naira-For-Crude Sale With Local Refiners?

Ganiyu Amodu

      Words like suspension and termination have been used by a section of the media to describe a six-month contract billed to expire at the end of March 2025     A section of the Nigerian media was on Monday awashed with a report that the Nigerian National Petroleum Company Limited (NNPC Ltd) has suspended the naira-for-crude contracts with local refineries. The report published by BusinessDay and a few online newspapers claimed that the said decision affected refiners, “including Dangote Refinery and other private operators.” The decision, which…

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Bickering Over Ascon Oil Worsens, Enenmoh’s Family Warns Public To Stay Off Assets

Abibat Babalola

The family of the late founder and owner of Ascon Oil Company Limited, Engineer George Ikemefuna Enenmoh, has alerted Nigerians and the business community, particularly the oil and gas sector of the economy, that they remain the “absolute owner” of the company until the shares sales purchase agreement it entered with Quest Oil and Engineering Services Limited in 2019 is fully paid. This was contained in a press statement issued by the matriarch of the family, and former Group Managing Director of the Ascon Oil Company Limited, Barrister Grace Enenmoh-Olowofoyeku.…

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