The Chief Executive Officer, Heirs Energies, Osayande Igiehon, has reiterated the firm’s commitment to continually contribute to the country’s oil production output. This commitment, he noted, ensured that within three months of acquiring OML 17 by the firm from its previous operator in 2021 doubled production from 25,000 barrels per day to over 50,000 barrels….
The recent completion of the acquisition of Shell Petroleum Development Company’s (SPDC) asset in Nigeria by the Renaissance Africa Energy Company, a consortium of ND Western, Aradel Holdings Plc, First Exploration and Petroleum Development Company Limited, Waltersmith Group and an international energy company, Petrolin Group, has been described as a “historic and the beginning of…
Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has advised oil and gas industry stakeholders in Africa to institute an Africa-wide local content framework that would harmonise policies and foster cross-border partnerships. He said such a framework would allow African nations to leverage collective strengths for mutual prosperity, arguing that…
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called for a robust and strategic policy framework to unlock Africa’s vast gas resources and ensure energy security, economic diversification, and sustainable industrialisation. Ekpo made the call while speaking at the Nigerian International Energy Summit (NIES) in Abuja and stated that with over 600…
The Federal High Court in Yenagoa, Bayelsa State, has ruled on the disputed OML 46 which has been in contention between Halkin Exploration and Production Limited and the Bayelsa Oil Company Limited, reaffirming that the former- Halkin Exploration and Production Limited, as the rightful owner and operator of the Atala Marginal Oil Field, OML 46….
The Group Chief Executive Officer (GCEO), Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari has said the country has the potential to grow more than $1 trillion Gross Domestic Product (GDP) which is the target of President Bola Tinubu. Speaking at the ongoing 2025 Nigerian International Energy Summit (NIES) in Abuja, he said $1…
Independent Petroleum Marketers Association of Nigeria (IPMAN) Depot Chairmen Forum yesterday gave Nigerian President Bola Tinubu seven working days ultimatum to pay its over N100billion bridging claims. In its communique issued to reporter in Abuja, the Depot Chairmen Forum, Alhaji Yahaya Alhassan said should the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fail to…
The Group Chief Executive Officer of NNPC Ltd, Mr. Mele Kyari has condemned talks about the existence of sub-standard fuel in the country, describing it as unfortunate drama and bad marketing practice. Kyari, who was speaking while fielding questions at a fireside chat during the 60th Nigeria Mining & Geosciences Society (NMGS) Conference in Abuja…
Chairman of Heirs Energies and the Convener of the 2025 Heirs Energies Leadership Forum: Industry Leaders Discourse (ILD), Tony O. Elumelu will bring together government decision-makers, global energy CEOs, and sector pioneers, in Abuja. This high-level gathering aimed at forging actionable strategies for accelerating Nigeria’s oil production growth. Heirs Energies Limited is Africa’s leading indigenous-owned…
