Category : Search result: oil and gas assets


NNPC Lists Top Assets for Sale, Opens Bidding Process

NNPC launches a formal bid to sell stakes in key oil and gas assets. This strategic divestment aims to attract investors, boost production, and reshape Nigeria's energy sector under the PIA reforms.

NNPC Sells Stakes in Oil Assets, Bids Open

NNPC Limited invites bids for stakes in key oil and gas assets. Registration deadline is January 10, 2026. PENGASSAN confirms the strategic divestment plan.

AKK Gas Pipeline to Start Operations in Early 2026

Nigeria's $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline is on track to begin operations in early 2026, promising to transform energy supply and industrial growth in the north. NNPC targets $30 billion in oil and gas investments by 2030.

Chappal Energies gets $430m financing for oil assets

Chappal Energies secures a $430 million reserve-based lending package to refinance its acquisition of Equinor's Nigerian assets and fund development. This deal highlights investor confidence in well-structured African upstream projects despite tight capit

Nigeria ships 33.2m barrels of crude to U.S. in eight months

Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.

Conoil Pays ₦2.43bn Dividend to Shareholders for 2024

Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.

Senate Confirms New NMDPRA, NUPRC CEOs After Resignations

The Senate has confirmed new heads for Nigeria's oil regulatory bodies following the resignations of Farouk Ahmed and Gbenga Komolafe amid serious corruption allegations from Aliko Dangote. Read the full details of the scandal and swift political response

BP Appoints First Female CEO in Historic Move

British energy giant BP names industry veteran Meg O'Neill as its new CEO, marking the first external and female appointment in its 116-year history. Discover the strategic shift behind this major leadership change.

EU Summit Deadlock Over Russian Assets for Ukraine

EU leaders meet in a crucial summit to unlock €210bn in frozen Russian assets for Ukraine, but face strong opposition from Belgium. Will they find a deal before Ukraine's cash crunch hits?

NUPRC: Making Oil & Gas Work for Nigerians

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is leading a historic shift towards transparency and accountability in the oil sector, turning a 'resource curse' into a national blessing. Discover how this reform benefits citizens.

Lawyers Condemn Media Trial of NMDPRA CEO Farouk Ahmed

A coalition of 40 lawyers has condemned baseless corruption allegations against NMDPRA CEO Engr. Farouk Ahmed, warning against media trials that undermine Nigeria's oil sector. Read their full defence.

Nigeria starts N185bn gas legacy debt repayment

The Federal Government has commenced settling N185 billion in legacy debts to gas producers. This move, approved by NEC, aims to revitalize the gas sector, improve electricity generation, and stimulate economic growth. Read more.

Abode Assets Rewards Team with Qatar, Rwanda Training

Abode Assets Limited has concluded an international bootcamp for 16 top associates and customers in Qatar and Rwanda. The program aimed to boost professional skills and global exposure for wealth creation.

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