Latest in
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, ...
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 ...
By Olakunle Oke As petrol prices continue their upward climb, a surging number of Nigerian motorists are making a strategic shift to Compressed Natural Gas (CNG), embracing it as a significantly more cost-effective and safer alternative. NewsDirect visitsd a busy conversion centre in Ikeja, Lagos where attendants confirmed the trend, highlighting the system's affordability, efficiency, ...
By Olakunle Oke The Nigerian Content Development and Monitoring Board (NCDMB) has outlined critical skill areas it will prioritize to boost local capacity and create jobs in Nigeria’s oil and gas industry, with underwater welding, subsea engineering, deep water operations, geosciences, and digitalization among its key focus. Executive Secretary of the Board, Engr. Felix Omatsola ...
By Olakunle Oke The Nigerian National Petroleum Company Limited (NNPCL) has revealed massive operational and financial losses following the three day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that the nation’s economy could face severe consequences if such disruptions persist. Group Chief Executive Officer, Bashir Ojulari, in a ...
The House of Representatives Committee on Safety Standards and Regulations has commended the Niger Delta Power Holding Company (NDPHC) for maintaining high safety standards at the Calabar Power Plant in Odukpani, Cross River State. The lawmakers gave the commendation during an inspection of the 565MW facility on Monday, describing it as one of the best ...
Seplat Energy Plc, leading Nigerian independent energy company, has recorded unprecedented growth since it was founded by acquiring divested assets, unlocking value from them, improving efficiency and safety performance of the assets, whilst driving the entire growth process with a world-class and resilient people (workforce). Roger Brown, Chief Executive Officer, Seplat Energy Plc, said this at ...
...As Union warns it will resume action if deal is breached ...Dangote agrees to recall sacked workers Nigeria on Wednesday narrowly averted a prolonged shutdown in the oil and gas sector after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) announced the suspension of its nationwide strike against the Dangote Petroleum Refinery, ...
By Olakunle Oke Nigeria’s electricity supply has taken a major hit, plunging to 3,200 megawatts following a nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which has crippled gas supply to power plants and paralyzed operations across the oil and gas sector. The Nigerian Independent System Operator (NISO) confirmed ...
By Olakunle Oke Over 2,000 individuals will lose their jobs as ExxonMobil Corporation embarks on a major restructuring effort designed to consolidate operations and boost competitiveness. The reduction, representing 3 to 4 percent of the oil major’s global workforce, was described by Chief Executive Officer Darren Woods as a "tough decision" intended to strengthen the ...
Africa's ambitious push toward integrating renewable energy is intensifying a critical struggle for utilities: maintaining grid stability. As the continent rapidly moves away from centralized, easy-to-manage fossil fuel plants, the variable and intermittent nature of solar and wind power is exposing foundational weaknesses in aging infrastructure. The failure to secure reliable balancing power poses a ...
By Olakunle Oke Residents of Enugu State Metropolis will experience a planned power outage today, October 1, 2025, the MainPower Electricity Distribution Company Limited (MEDL) has announced. In a statement signed by its Head of Communications, Emeka Ezeh, on Tuesday, the company said the outage will run from 8 a.m. to 5 p.m. to enable ...
Sahara Group, in collaboration with the Association of Energy Correspondents of Nigeria (NAEC), has announced its “Making A Difference: Workshop” aimed at Championing Excellence and Sustainability in Energy ReportingTagged “#M.A.DwithNAEC Workshop”, the annual initiative is designed to support energy reporters to hone both their journalistic craft to effectively drive Nigeria’s energy sector reforms and the ...
The Nigerian Content Development and Monitoring Board (NCDMB) has confirmed that the three Executive Orders issued by President Bola Ahmed Tinubu on the oil and gas industry in March 2024 did not weaken or negate the Nigerian Oil and Gas Industry Content Development (NOGICD) Act. This was contained in a statement signed by Dr. Obinna ...
By Olakunle Oke The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved a $510 million divestment by TotalEnergies, which will see the French oil major exit its 12.5 per cent stake in Oil Mining Lease (OML) 118 home to the offshore Bonga field with Shell and Agip taking over the interest. Under the deal, Shell ...
