Author: Ikenna Omeje

NEWS

NIPCO Celebrates Long-Serving Employees, Urges Commitment to Selfless Service Amid Industry Challenges
ByIkenna Omeje August 10, 2025

NIPCO Celebrates Long-Serving Employees, Urges Commitment to Selfless Service Amid Industry Challenges NIPCO Plc, a leading integrated downstream operator in Nigeria’s hydrocarbon sector, has reaffirmed its commitment to excellence by urging employees to continue delivering selfless service despite the evolving challenges in the oil and gas industry. This call came from the company’s Managing Director/CEO,…

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MARITIME

Nigeria, China Launch $2 Billion Maritime Strategy to Boost Local Shipping Industry
ByIkenna Omeje August 8, 2025August 8, 2025

Nigeria, China Launch $2 Billion Maritime Strategy to Boost Local Shipping Industry The Federal Government of Nigeria, in partnership with China, has unveiled a $2 billion maritime strategy aimed at transforming Nigeria into a leading maritime hub in West Africa. The strategy, presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the…

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OIL AND GAS | NEWS

Shell Maintains Technology Edge as Staff Win Best Technical Paper Award at SPE Conference
ByIkenna Omeje August 8, 2025

Shell Maintains Technology Edge as Staff Win Best Technical Paper Award at SPE Conference Shell staff have won the highly regarded 1st Place Technical Paper Award at the annual International Conference and Exhibition of the Society of Petroleum Engineers (SPE), which concluded last night in Lagos. Well engineers Augustine Okosun, Osehojie Ojeh-Oziegbe, Oluwatobilola Aribike, and…

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NEWS | Sustainability

Bako Ambianda, CEO of Backbone Capital Ventures, Honoured with Forty Under 40 Africa Award in Environmental & Climate Sustainability
ByIkenna Omeje August 6, 2025August 7, 2025

Bako Ambianda, CEO of Backbone Capital Ventures, Honoured with Forty Under 40 Africa Award in Environmental & Climate Sustainability Accra, Ghana – Bako Ambianda, the Cameroonian-born entrepreneur, investor, and author, has been named a recipient of the Forty Under 40 Africa Award, securing the accolade in the Environmental & Climate Sustainability category. Ambianda, who serves…

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OIL AND GAS | Sustainability

Nigeria, Africa Must Define Their Own Energy Transition Path – NNPCL GCEO
ByIkenna Omeje August 5, 2025August 5, 2025

Nigeria, Africa Must Define Their Own Energy Transition Path – NNPCL GCEO Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has called on Nigeria and other African countries to chart their own unique energy transition pathways—tailored to their local needs, resources, and socio-economic realities—rather than adopting externally imposed models. Ojulari…

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OIL AND GAS

Renaissance Boosts Oil Production by 40% Within Four Months of Acquiring Shell Assets
ByIkenna Omeje August 5, 2025

Renaissance Boosts Oil Production by 40% Within Four Months of Acquiring Shell Assets Renaissance Africa Energy Company Limited has achieved a 40% increase in oil production just over four months after acquiring a 100% equity stake in Shell Petroleum Development Company (SPDC) — a milestone that marks a significant advancement for Nigeria’s oil and gas…

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OIL AND GAS

Shell Highlights Role in Nigeria’s Energy Industry at SPE Conference
ByIkenna Omeje August 5, 2025

Shell Highlights Role in Nigeria’s Energy Industry at SPE Conference Shell is showcasing its contributions to Nigeria’s oil and gas sector at the annual international conference of the Nigeria Section of the Society of Petroleum Engineers (SPE), which opened today in Lagos. The company also received recognition for its recent Final Investment Decision (FID) on…

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POWER

AfDB Approves $1.2 Million Grant to Power Nigeria’s Battery Energy Storage Roadmap
ByIkenna Omeje July 31, 2025

AfDB Approves $1.2 Million Grant to Power Nigeria’s Battery Energy Storage Roadmap Nigeria’s efforts to transform its electricity sector have received a major boost as the African Development Bank (AfDB) has approved a $1.2 million grant to support a feasibility study on Battery Energy Storage Systems (BESS). The move is aimed at enhancing grid stability,…

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NEWS | Sustainability

Nigeria Attracts $791 Million CNG Investment in Two Months as Clean Transport Shift Accelerates
ByIkenna Omeje July 31, 2025

Nigeria Attracts $791 Million CNG Investment in Two Months as Clean Transport Shift Accelerates Nigeria’s transition to cleaner transport energy has gained fresh momentum with over $791 million in private sector investments pouring into the country’s Compressed Natural Gas (CNG) ecosystem between May and June 2025 alone. This surge, announced by the Presidential Compressed Natural…

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OIL AND GAS

Security Challenges Drive Nigeria’s Oil Production Costs to $30 Per Barrel — NNPC Chief
ByIkenna Omeje July 11, 2025

Security Challenges Drive Nigeria’s Oil Production Costs to $30 Per Barrel — NNPC Chief Nigeria’s crude oil production costs have soared to between $25 and $30 per barrel — more than twice the global average — due largely to escalating security expenses in the Niger Delta, according to the Group CEO of the Nigerian National…

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