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The International Energy Agency (IEA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its regulatory reforms. Specifically, the IEA Africa Programme Manager, Rita Maderia who paid courses visit to the NUORC headquarters in Abuja commended the embedding of decarbonization requirements into upstream project approvals. She further noted that the Commission’s policy of integrating green strategies ...
...projects 2mbpd oil production by 2030 By Sofiyyah Layole NNPC Limited has unveiled a $60 billion investment plan for the upstream, midstream and downstream value chain. The announcement was contained in a press release issued by the Company on Monday. According to the notice, the company reported a Profit After Tax (PAT) of ₦5.4 trillion for the ...
By Matthew Denis The Rural Electrification Agency (REA) has signed a Memorandum of Understanding (MOU) with Cross Rivers state. The MOU is aimed at enhancing energy integration in the state. The signing event which took place at Transcorp Hilton in Abuja, brought together federal officials, development partners, private-sector actors, and energy experts to review ongoing ...
The Niger Delta Power Holding Company (NDPHC) ha partnered with the Gombe state Government to power industrial clusters in the state. The Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije restated the company’s unwavering commitment to lighting up communities, energising industries, and accelerating Nigeria’s economic transformation through reliable and sustainable power ...
Savannah Energy Nigeria has won the “Best in Promoting People Leadership Practices (Medium Category)” award at the 2025 Great Place to Work Institute’s Best Practices Awards held in Lagos. This is as the company has also achieved a Great Place to Work® certification for 2025-6, further reinforcing its commitment to fostering an inclusive and high-performing work culture. ...
The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe has disclosed that the 2025 licensing round will set a new benchmark for transparency in the sector. Speaking at the closing of a two-day strategic media workshop for Energy correspondents in Lagos, Komolafe revealed plans for a new licensing round on December ...
The Managing Director/CEO of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, has restated the company’s unwavering commitment to lighting up communities, energising industries, and accelerating Nigeria’s economic transformation through reliable and sustainable power infrastructure. Adighije made the pledge at the groundbreaking ceremony of the 7.5MVA, 33/11kV Injection Substation and 2.5km 33kV line ...
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has revealed its intention to build 500 CNG refueling stations across Nigeria within the next 3 years. A statement by the Executive Director of MDGIF, Oluwole Adama, said the Federal Government had concluded discussions with a leading Chinese Manufacturer to embark on the construction of the stations. ...
By Olakunle Oke The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended Tamrose Limited for expanding its marine logistics fleet and extending its operations beyond Nigeria, following its successful utilization of the Nigerian Content Intervention Fund (NCIF). Speaking at the Nigerian Content Tower in Yenagoa, the Minister said he was delighted ...
Shell Companies in Nigeria (SCiN) were rewarded for their robust participation at the 43rd International Conference and Exhibition of the Nigeria Association of Petroleum Explorationists (NAPE) with corporate and individual awards at a dinner Thursday night which rounded off the four-day event in Lagos. SCiN was recognised for its Titanium sponsorship of the conference (the highest category) ...
The Petroleum Technology Association of Nigeria (PETAN) with other oil majors and service providers, like Shell, Total Energies, ExxonMobil has pledged their support for Nigeria’s oil production target. The gave their support at the recently held event by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) "Project 1MMBOPD Additional Production Investment Forum" in London, a strategic ...
By Sofiyyah Layole Seplat Energy Plc. has announced the official exchange rate applicable for the conversion of its Q3 2025 interim and special dividends. In a statement released on Thursday and signed by Eleanor Adaralegbe, Seplat’s Chief Financial Officer, the company confirmed that shareholders who will receive their dividends in Naira will be paid at ...
By Olakunle Oke The Federal Government and the Nigeria LNG Limited (NLNG) have agreed to strengthen collaboration on promoting scientific innovation and research in Nigeria following a high-level meeting between the Minister of Education and the leadership of NLNG. The Minister of Education received Prof. Bart Nnaji, former Minister of Science and Technology and Minister ...
By Olakunle Oke The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the proposed 15 percent ad-valorem import duty on imported Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel). In a statement signed by its Director of Public Affairs, George Ene-Ita, the Authority said the decision was taken to ...
By Olakunle Oke President of the Republic of Zambia, Mr. Hakainde Hichilema has commended the Dangote Group for for its investment footprint and contribution to Zambia’s economy. The President made this known when the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote paid a courtesy visit to the Zambian President. During the meeting held in ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to promoting peace, transparency, and fairness in Nigeria’s oil and gas industry through the adoption of the Alternative Dispute Resolution Centre (ADRC) as the preferred mechanism for resolving industry-related conflicts. Speaking at the Roundtable Consultative and Sensitization Forum on the ADRC, held at the ...
Energy, project and commercial legal advisory Ayodele Oni, has stated that Lagos State now has the legal authority and technical capacity to generate, distribute, and manage its own electricity supply independently, following reforms introduced by the Electricity Act of 2023. Speaking on TVC Breakfast on Wednesday, he explained that the Act empowers states to establish ...
Stories by Olakunle Oke Nigeria has for the third consecutive month failed to meet its allotted quota set by the Organization of the Petroleum Exporting Countries (OPEC), a persistent shortfall that is constraining national revenues and raising concerns over output reliability. According to the Organization of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report (MOMR) ...
By Olakunle Oke The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, which will officially begin on December 1, 2025. The Chief Executive of the Commission, Engr. Gbenga Komolafe, made the announcement at the NUPRC’s Project 1MMBOPD Additional Production Investment Forum held in London on Tuesday, November 11, ...
In the quest to build a prosperous Nigeria, Nigeria must target an affordable, reliable and accessible energy regime for all, Seplat Energy PLC has stated. The Chief Operating Officer, Seplat Energy, Samson Ezugworie, said this whilst giving a keynote at the Opening Ceremony of the 43rd Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference & Exhibition held ...
By Olakunle Oke Industry leaders and regulators recently convened at the Nigerian Association of Petroleum Explorationists (NAPE) Annual Conference, where a unified call was issued for greater regulatory clarity, enhanced operational efficiency, and the strategic deployment of technology to reposition Nigeria’s oil and gas sector for sustainable growth and renewed investment. Regulators, International Oil Companies ...
...as Minister says era of obtaining oil field license as souvenir is over By Olakunle Oke The Federal Government has approved 43 Field Development Plans (FDPs) in 2025 alone, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has disclosed. Speaking at the 43rd Annual International Conference and Exhibition ...
By Olakunle Oke Indigenous oil and gas firm Nestoil Limited has moved to overturn the receivership and asset-freezing orders issued by the Federal High Court, Lagos, describing them as unlawful, excessive, and obtained without proper jurisdiction. The controversial orders, granted on October 22, 2025, by Justice Dipeolu, arose from a $640 million syndicated loan dispute ...
