Business Hilights

Tracking Nigeria's Headline Business News Online

Energy

TotalEnergies Chief Explains diversion of $6bn deal to Angola

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET), Paulino Jerónimo, Chairman and CEO of ANPG and Gaspar Martins, Chairman…

Seplat Energy wins Best in Sustainability Reporting at ICAN/NGX RegCo Awards

Seplat Energy Plc has emerged winner of the Best in Sustainability Reporting Award at the maiden Corporate Reporting Award, organised by the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Ltd (NGX RegCo). The recognition was announced at…

How Nigeria’s Adekeye Emerged Chairperson, APPO Training Directors

Nigeria’s Folashade Adekeye has emerged as the Chairperson, Forum of the Directors of Oil & Gas Training & Vocational Education Institutes of the African Petroleum Producers Organization (APPO). Adekeye, who is the Director, NNPC Academy, took over from the former…

Normalcy Restored After Lagos Depot Fire Incident—NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the fire incident at a tank farm in Marine Beach, Apapa, Lagos, was at a depot belonging to HOGL Energy Ltd (Honeywell Depot), and not an NNPC Retail…

FG Commits to Utilise Gas for Economic Growth, Prosperity

The Federal Government has reiterated its determination to utilize Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity. President Bola Ahmed Tinubu disclosed this while commissioning three critical gas infrastructure projects executed by NNPC…

Chevron Drives Low Carbon Oil Production, Joins AOG 2024 as Platinum Sponsor

Multinational energy company Chevron has joined the Angola Oil & Gas (AOG) 2024 conference; Angola’s premier oil and gas event, scheduled for 2-3 October in Luanda – as a platinum sponsor. The company has been active in Angola for over…

TotalEnergies to give access to clean cooking to 100m Africans, Indians

At the Clean Cooking Summit organized by the International Energy Agency (IEA), TotalEnergies announced its ambition of giving 100 million people in Africa and India access to clean cooking by 2030. TotalEnergies will therefore invest more than $400 million in…

NCDMB Boss Visits Pipe Coating Firms, Pledges Support For Local Capacities

The Nigerian Content Development and Monitoring Board (NCDMB) has reassured stakeholders of the industry that oil and gas service companies that have established capacities in the country will continue to enjoy patronage through the award of contracts from operating companies…

NNPC E&P Ltd, NOSL Hit First Oil in OML 13, Akwa Ibom State

NNPC Exploration and Production Limited (NNPC E&P Ltd), NNPC Ltd’s flagship upstream subsidiary, and Natural Oilfield Services Ltd (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd (SEEPCO), announce the successful commencement of oil production at Oil…

NNPC/First E&P JV Empowers NGOs with N53.4m

As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53million to non-governmental organizations (NGOs) in Nigeria….