oil and gas sector
N341tn oil reserves lie undeveloped in Nigeria
Nigeria is sitting on crude oil reserves valued at a staggering N341 trillion, locked away in undeveloped fields across the country’s oil basins, according to a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report revealed that more than 3.5 billion barrels of oil and condensate reserves remain idle, even as the […]
Family Feud Puts Oriental Energy’s Leadership Under Fire
A fierce legal battle between the children of Nigerian oil magnate Alhaji (Dr.) Muhammadu Indimi and Oriental Energy Resources Limited has thrown the spotlight on the company’s governance structure—raising serious concerns about corporate accountability, transparency, and shareholder rights in Nigeria’s oil and gas sector. Court filings obtained by ireport247news.com and corroborated by several industry insiders […]
Ojulari Begins Tenure as NNPCL CEO
Bashir Ojulari has officially taken over as the new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), succeeding Mele Kyari. This development comes about 48 hours after his appointment, marking a significant milestone in the company’s history. The CEO handover ceremony took place at the NNPCL Towers. Ojulari assumed the reins […]
NNPCL Names New 8-Man Management Team
The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man senior management team. This team will oversee the company’s operations. They will also set the strategic direction. This move is aimed at driving growth, efficiency, and profitability in the organization. New Management Team Members:– Rowland Ewubare: Group Chief Operating Officer– […]