Author: Charles Ayoka

Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content being implemented by the Nigerian Content Development and Monitoring Board (NCDMB). Managing Director of the deep-water business of Shell in Nigeria, Mrs. Elohor Aiboni, said Shell Nigeria Exploration and Production Company (SNEPCo) would continue to […]

The price of household kerosene has continued to increase as more Nigerians, especially in the suburbs, switch from cooking gas to kerosene, firewood and charcoal. As a result of high demand for kerosene, data from the country’s statistics bureau, NBS, said price of kerosene continues to soar as average price per litre paid by consumers […]

Nigeria’s National Bureau of Statistics, NBS, has halted publication of its monthly gas report amidst recent public outcry over alarming gas prices, SweetcrudeReports findings have shown. The Bureau’s monthly gas pricing update that usually got published on its websites along other monthly reports, was nowhere to be found as of Friday. The August gas report […]

The President of the Nigerian Association of Petroleum Explorationists, NAPE, Mrs. Patricia Ochogbu, has called for the establishment of Energy Bank in Nigeria. Speaking to journalists in Lagos, Ochogbu said an energy bank would give oil and gas industry players better access to funding, which could help indigenous players in the industry achieve capacity development. […]

The Department of Petroleum Resources, DPR, has re-opened petroleum products depots in the Ijegun-Egba area of Satellite Town sealed by the Lagos State Physical Planning Permit Authority, AASPPA, stating that the agency has no powers to carry out such action. The 8 depots, shut by AASPPA recently, are Wosbab Energy Solutions, Emadeb Energy Services Ltd., […]

The year 2021 marks the 61st anniversary of the Organization of the Petroleum Exporting Countries, OPEC. The Organization was founded 14 September 1960. Between 10 and 14 of September 1960, representatives from five oil producing countries-Fuad Rouhani of Iran; Dr. Tala’at al-Shaibani of Iraq; Ahmed Sayed Omar of Kuwait; Abdullah Al-Tariki of Saudi Arabia; and […]

The leadership transition period at Nigeria LNG Limited (NLNG) ended at the weekend in Port Harcourt with the former Managing Director/Chief Executive Officer, Engr. Tony Attah handing over the symbolic key to NLNG to his successor, Dr. Philip Mshelbila. At a farewell and welcome ceremony held in honour of the Executives, the NLNG key changed […]

Africa’s richest man Aliko Dangote is targeting oil traders for loan to fund the $2.76 billion, 650,000 barrel- per-day Dangote refinery in Lagos State. The billionaire businessman is in talks with some of the world’s biggest oil traders to help finance the mega refinery project outside of the commercial centre Lagos, Reuters reported, citing sources […]

Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country. To display its readiness for this promotion, Dangote Petroleum Refinery was a Platinum sponsor of the 2nd Edition of Edition […]

The resolution of the corporate crisis that has engulfed London-listed oil firm, Lekoil (Cayman) Limited, may take longer than anticipated, as Lekoil Nigeria legal redress over concerns on various degrees of alleged breach of processes by Lekoil Cayman. Lekoil Nigeria’s CEO, Lekan Akinyanmi, through his attorney, Proskauer Rose LLP, has finally sued Lekoil Cayman for […]