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…
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…
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,…
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…
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…
Nigeria Charts Industrial Growth Through Strategic Gas Turbine Deployment In a landmark move towards transforming Nigeria’s energy and industrial sectors, key stakeholders, policymakers, and energy leaders gathered in Abuja for the 2025 Gas Turbine Asset Management Conference, themed “Powering the Future – One Upgrade at a Time.” The high-impact event, hosted by Thomassen Energy and…
NUPRC Will Not Relent Until NGFCP is Fully Implemented – Komolafe The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has reaffirmed the Commission’s unwavering commitment to the full implementation of the Nigerian Gas Flare Commercialisation Programme (NGFCP), warning that producers and awardees who frustrate the government’s climate…
Nigeria’s Oil Sector Reform at Critical Phase, Says IPPG Chair The Chairman of the Independent Petroleum Producers Group (IPPG), Mr. Abdulrazaq Isa, has said that Nigeria’s oil and gas sector is currently undergoing a critical phase of reform, marked by the formulation of favourable industry policies and accelerating implementation of the Petroleum Industry Act (PIA)….
Reduce Frequent Summons of IOCs, Others, Minister Tells National Assembly The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has called on the National Assembly to reduce the frequency of invitations extended to international oil companies (IOCs) and other key players in the oil and gas industry, saying such actions could hinder investment…
Shell Confirms Plan to Acquire TotalEnergies Stake in Nigeria’s Deepwater Bonga Field Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell Plc, on Monday confirmed plan to acquire TotalEnergies’ 12.5 % stake in deepwater Bonga Field. Consequence upon this, an agreement has been signed by the two parties. Shell confirmed the divestment in…