Nigeria Seeks $25 Billion Investment for Undersea Gas Pipeline to Europe The Federal Government of Nigeria is seeking $25 billion in investment for the ambitious Nigeria-Morocco undersea gas pipeline, aimed at delivering Nigerian gas to Europe via the West African coast. The proposal was presented during a meeting between Vice President Kashim Shettima and top…
Shell Loads First Crude Shipment from Nigeria’s Otakikpo Terminal Shell has officially lifted the inaugural crude oil cargo from the newly built Otakikpo onshore terminal in Nigeria, signalling the commencement of exports from the $400 million facility developed by marginal field operator Green Energy International, according to a report by Argus on Monday. Situated within…
Nigeria’s Energy Future and Investment in Focus as NAEC Announces 2025 Confab The Nigerian Association of Energy Correspondents (NAEC) has scheduled its 2025 annual conference for October 9, with the theme: “Nigeria’s Energy Future: Exploring Opportunities, Addressing Risks for Sustainable Growth.” The event will be held at the Eko Hotel & Suites in Lagos. In…
Minister Ekpo Urges Gas Producers to Boost Output by 1 BCF Annually Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has called on Nigeria’s leading gas-producing companies to ramp up production by at least one billion standard cubic feet (BCF) per year from 2025 through 2030. This push aims to support the country’s…
NEITI Launches Energy Transition Framework, Applauds NUPRC’s Licensing Efforts The Nigeria Extractive Industries Transparency Initiative (NEITI) has introduced a new Energy Transition and Climate Accountability Framework, while also commending the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its progress in recent licensing rounds. In a statement released on Sunday, NEITI praised the NUPRC for…
Africa Energy Bank to Boost Funding Access for Indigenous Oil Firms – NCDMB The Nigerian Content Development and Monitoring Board (NCDMB) has said the upcoming Africa Energy Bank (AEB) will significantly expand funding opportunities for indigenous oil and gas companies amid a rapidly evolving global energy landscape. Speaking at the 2025 Nigerian Oil and Gas…
NIQS Calls for Transparency and Accountability in Oil, Gas Sector The Nigerian Institute of Quantity Surveyors (NIQS) has reiterated the vital role of quantity surveyors in promoting transparency and accountability within the oil and gas industry. Speaking at the 33rd Engineering Workshop held in Lagos, the Chairman of the NIQS Lagos Chapter, Rilwan Balogun, emphasized…
Tinubu Approves Licences for Kolmani Integrated Oil Project to Boost National Production. President Bola Ahmed Tinubu has approved the issuance of all critical regulatory licences for the Kolmani Integrated Development Project, a landmark multibillion-dollar oil exploration initiative situated between Bauchi and Gombe States. The announcement was made by the Minister of State for Petroleum Resources…
$700m CVFF Set to Lower Freight Costs – Shipowners Nigerian shipowners have expressed optimism that the long-awaited disbursement of the $700 million Cabotage Vessels Financing Fund (CVFF) will significantly reduce freight costs across the country’s maritime sector. In separate interviews with maritime industry leaders said the fund—intended to support indigenous ship acquisition and ownership—could unlock…
Petrobras Eyes Return to Nigeria’s Oil Sector as Strategic Ties with Brazil Deepen Brazil’s state-owned oil giant, Petrobras, is actively exploring a return to Nigeria’s oil and gas sector, with renewed interest in frontier deepwater acreage as part of its global expansion strategy. The move was revealed during an interministerial review meeting held Wednesday at…
