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Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, and its joint venture partner, Sunlink Energies and Resources Limited, have signed a Final Investment Decision (FID) on the HI Gas Project offshore Nigeria. In a statement issued on Tuesday, Shell confirmed that the project, upon completion, will supply 350 million standard ...
By Olakunle Oke Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas has stated that the success of the downstream sector depends on improved infrastructure, stable policy frameworks, and increased local investments, especially in Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) facilities. Speaking on Monday at the First Annual Downstream Petroleum Week, organised by ...
...cites ambiguities in Presidential order Pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa has called on stakeholders not to blame the local content policy implementation for stifled investments in the oil and gas industry in previous years. Speaking at the Nigerian Content Academy Lecture Series organised by the Nigerian Content Development and Monitoring Board (NCDMB) on ...
Sterling Oil Exploration and Energy Production Company (SEEPCO) Ltd has declared that its commitment to sustainability initiatives is beyond mere compliance. The company made this known when it received the Sustainability Company of the Year award at the 2025 Annual Energy Conference of the Association of Energy Correspondents of Nigeria held at the Eko Hotels and Suites, ...
A leading indigenous oil and gas service company, Tamrose Limited has completed the repayment of a $10 million facility obtained from the Nigerian Content Intervention Fund (NCI Fund), a dedicated financing scheme managed by the Nigerian Content Development and Monitoring Board (NCDMB) to strengthen capacity in Nigeria’s oil and gas sector. The Board confirmed that the final ...
The Nigerian Content Development and Monitoring Board has bagged the Local Content Champion of the Year Award at the 2025 Annual Energy Conference of the Association of Energy Correspondents of Nigeria held at the Eko Hotels and Suites, Victoria Island, Lagos recently. Representing the Executive Secretary, Engr. Felix Omatsola Ogbe, the General Manager, Corporate Communications, Dr. ...
By Olakunle Oke Nigeria’s total crude oil and condensate production experienced a decline in September 2025, falling to an average of 1.581 million barrels per day (bpd), according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The September output comprised 1.39 million bpd of crude oil and 191,373 bpd of condensates. The ...
The Dangote Petroleum Refinery has dismissed reports alleging that it imported premium motor spirit (PMS) with high sulphur content into Nigeria, describing the claims as “false, malicious, and misleading.” In a statement issued on Friday, the refinery clarified that the cargo being referred to in the reports was not finished petrol but an intermediate feedstock ...
Solewant Group has announced that the 9th edition of its annual Energy Summit will hold from November 27 to 28, 2025, at the Solewant Industrial Park, Alode-Onne, Port Harcourt, Rivers State. The event, themed “Emerging Technologies and the Future of Sustainable Energy Development in Africa,” will examine how Artificial Intelligence (AI), robotics, automation, data analytics, ...
By Sodiq Adelakun The Lagos State Government has issued a traffic advisory ahead of the six-week repair of the Adeniji Adele Interchange–CMS corridor, scheduled to commence on Sunday, October 12, 2025, and end on Sunday, November 23, 2025. According to a statement released on Wednesday by the Lagos State Ministry of Transportation, the rehabilitation project ...
In the pursuit for improved corporate governance, enhanced performance and effective service delivery to the nation and citizens, the Nigerian Content Development and Monitoring Board (NCDMB) and the Niger Delta Development Commission (NDDC) on Tuesday held a knowledge exchange session, leading to a strong committing to inter-agency collaboration, peer review of operations. The session held ...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that it has exceeded its revenue targets substantially within four years of its existence. This was disclosed in a comprehensive report detailing 12 significant achievements since the enactment of the Petroleum Industry Act (PIA) on the Commission's Facebook page. The Commission highlighted major successes in revenue generation, investment attraction, ...
By Olakunle Oke President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM),Oladapo Olatunbosun has attributed the hike in the price of cooking gas to temporary supply disruptions caused by the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), alongside opportunistic pricing by some marketers. Recently, Nigerians have expressed concern ...
Former President Dr. Goodluck Ebele Jonathan, pioneer Executive Secretary of NCDMB, Dr. Ernest Nwapa, Special Adviser on Energy, Mrs. Olu Arowolo Verheijen, Executive Chairman of AA Holdings and former Chief Executive Officer of Seplat Ltd, Mr. Austin Avuru, among other distinguished industry leaders are set to headline the maiden edition of the Nigerian Content Academy ...
By Olakunle Oke The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a major progress report on local content and security, confirming that Host Community Development Trusts (HCDTs) have remitted a total equivalent of ₦358.67 billion as of October 2025. The total remittance comprises ₦122.34 billion in Naira and $168.91 million in U.S. Dollars. The ...
Sahara Group, a leading African energy and infrastructure conglomerate, has unveiled plans to significantly ramp up its upstream crude oil production to 350,000 barrels per day (bpd) within the next five years. This ambitious target will be achieved through a major upgrade of its exploration and production (E&P) services, enhanced execution capacity, and the acquisition ...
...we must support Dangote to succeed By Olakunle Oke Vice President Kashim Shettima has said the Dangote Refinery must be protected at all costs describing it as a national asset and a symbol of investor confidence in Nigeria’s economy. Speaking at the 31st Nigerian Economic Summit (NES31) in Abuja, themed “The Reform Imperative: Building a ...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared Senator Adams Oshiomhole, former President of the Nigeria Labour Congress (NLC), persona non grata for his recent comments on the strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The declaration followed Oshiomhole’s televised remarks criticising the PENGASSAN ...
The Renaissance Africa Energy Company Limited has showcased its Pan-African operational strategy at the just concluded Africa Energy Week (AEW), at Cape Town in South Africa. Newsmen recalls that Renaissance, which acquired onshore and shallow water assets hitherto operated by Shell Petroleum Development Company is currently the operator of Nigeria’s largest upstream oil and gas ...
By Olakunle Oke The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have agreed to a modest oil output increase of 137,000 barrels per day for November, following a compromise between Saudi Arabia and Russia after weeks of internal disagreement. OPEC+ announced the decision in a statement on Sunday, describing it as a ...
Dangote Petroleum Refinery has expressed profound appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company. The company, in a statement, said the President’s leadership, through his ministers and senior government officials, ensured the restoration of order and stability to the ...
Seplat Energy Plc, a leading Nigerian independent energy company aims to significantly scale its production, with plans to take its operated gas output to over 1bcf/d by 2030. The Energy company has firmly linked Africa’s prosperity to the robust development of its domestic gas market, arguing that gas is critical for powering homes, fueling industry, and providing a ...
