Global Gas Escalates Legal Battle Over Shell’s $2.4 Billion Divestment
The $2.4 billion divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings has sparked a legal dispute, as Global Gas & Refining Limited (GGRL) intensifies its efforts to challenge the transaction. Global Gas has accused Shell and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of violating a Federal High […]
Dangote Refinery Halts Sale of Petroleum Products in Naira, Cites FX Mismatch
Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in Naira, citing a misalignment between its revenue streams and crude oil purchase obligations, which are denominated in U.S. dollars. In a statement released on March 19, 2025, the company explained that its sales in Naira had exceeded the value of Naira-priced crude oil […]
Nigerian Indies: ‘To Whom Much is Given, Much is Expected’ – Olu Verheijen
Olu Verheijen, Special Adviser to Nigeria’s President Bola Tinubu on Energy, has emphasized the government’s high expectations from indigenous oil operators who have recently acquired assets previously owned by Shell and ExxonMobil. Speaking in an interview with Africa Oil+Gas Report in Abuja, Verheijen clarified that these transactions should be seen as acquisitions rather than divestments. […]
Niger Orders Three Chinese Oil Officials to Leave the Country
Niger’s military-led government has expelled three Chinese officials working in the country’s oil sector, in what appears to be the latest move by regional military administrations to assert greater control over national resources. According to two sources familiar with the situation, the Nigerien junta ordered the directors of the China National Petroleum Corporation (CNPC), the […]
FG Commissions Nigeria’s First Modular LPG Plant, 20MW Gas Project
The Federal Government of Nigeria has officially commissioned the country’s first modular Liquefied Petroleum Gas (LPG) extraction plant alongside a 20-megawatt gas-to-power project. The projects were inaugurated by the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, at the Otakikpo field in Rivers State. According to the minister’s post on his official […]
INTERNATIONAL AFRICAN ENERGY, OIL AND GAS SUMMIT (IAEOG) NAMIBIA 2025
INVITATION TO ATTEND THE 4th EDITION OF THE INTERNATIONAL AFRICAN ENERGY, OIL AND GAS SUMMIT, AWARDS/EXHIBITION AND CHARITY GOLF TOURNAMENT HOLDING IN NAMIBIA We bring you compliments from the Chairman Hon. Justice Suleiman Galadima JSC, CFR, OFR (Rtd.) and the Management of African Peace Magazine UK. African Peace Magazine UK, has been publishing for well […]