Nigeria’s 215 TCF Gas Reserves Position It at Energy Ambitions …Indigenous Producers, Local Service Providers Strengthen Upstream Performance” Nigeria’s gas sector is entering a decisive phase of expansion, with proven reserves rising to 215.19 trillion cubic feet (tcf) as of January 1, 2026, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The latest figures…
Global War, Oil Shock and a Continental Awakening: Why Africa Must Seize Its Energy Sovereignty Moment The unfolding conflict involving the United States, Israel and Iran is not just another geopolitical flashpoint—it is a defining rupture in the global energy system, with far-reaching implications that stretch well beyond the Middle East. What began on February…
Powering Africa from Within: How ALCO Plans to Drive Local Content Across Borders With a vision that challenges the status quo, the African Local Content Organisation (ALCO) is emerging as a driving force for deeper industrial participation and cross-border collaboration across Africa’s resource-rich sectors. At the center of this push is Mr. Ibrahima Talla, ALCO’s…
Rural Nigerians Pay Up to ₦280 for Electricity – REA Highlights Mini-Grid Tariff Gaps The Rural Electrification Agency (REA) has revealed that while millions of rural Nigerians are now enjoying stable electricity supply through completed mini-grid projects, many are paying significantly higher tariffs than urban customers on the national grid. Speaking on The Morning Brief…
NNPCL Boss Raises Alarm on Global Syndicates Behind Crude Oil Theft in Africa The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has sounded the alarm over the growing involvement of sophisticated international and continental syndicates in crude oil theft across Africa. Speaking at the opening session of the…
Oil Prices Edge Higher on U.S. Demand Signals and Ukraine War Uncertainty Oil prices inched up on Thursday, supported by signs of strong U.S. demand and lingering uncertainty around efforts to end the war in Ukraine. Brent crude futures rose 11 cents, or 0.2%, to $66.95 a barrel by 13:35 GMT after hitting a two-week…
NAPE Celebrates 50th Anniversary, Honours Industry Leaders and Partners Lagos, Nigeria – August 2025: The Nigerian Association of Petroleum Explorationists (NAPE) has marked its 50th anniversary with a grand celebration, recognising industry leaders, professionals, and corporate partners who have made significant contributions to the growth of Nigeria’s oil and gas sector. From 10 Pioneers to…
Chevron Reaffirms Long-Term Commitment to Nigeria’s Oil and Gas Industry Chevron Nigeria Limited (CNL), operator of the joint venture with the Nigerian National Petroleum Company Limited (NNPCL), has restated its commitment to strengthening Nigeria’s oil and gas sector during a high-profile visit by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri. Over…
Partnership & Corporate Governance Identified as Keys to Nigeria’s Oil and Gas Future …Stakeholders Urge Indigenous Operators to Prioritize Energy Security As the Nigerian Association of Petroleum Explorationists (NAPE) marked its 50th anniversary in Lagos under the theme “Pioneering the Future of Energy in Africa,” industry stakeholders emphasized that partnership, strong corporate governance, and human…
NUPRC to Go Live on Advance Cargo Declaration – Komolafe The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will commence implementation of the Advance Cargo Declaration (ACD) system in the coming weeks, marking a major step in Nigeria’s efforts to curb crude oil theft and improve transparency in upstream petroleum operations. The Commission Chief Executive (CCE),…