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…
Nigeria First Policy: NCDMB Mandates Local Preference in Oil & Gas Procurement In a bold move to strengthen Nigeria’s energy independence and stimulate local enterprise, the Nigerian Content Development and Monitoring Board (NCDMB) has introduced a game-changing directive — the Nigeria First Policy. Announced at the 24th NOG Energy Week Conference and Exhibition in Abuja,…
Accelerating Global Energy Progress with Africa at the Forefront of Investment and Innovation In a year marked by record-breaking global energy investment and mounting climate urgency, the world finds itself at a critical crossroads—one defined by both unprecedented progress and widening disparities. The International Energy Agency’s (IEA) World Energy Investment 2025 report forecasts that global…
Nigeria’s Oil and Gas Sector Reawakens: Fresh Reserves, Frontier Prospects, and Billions in New Investments Signal Opportunity Nigeria’s Oil and gas sector is witnessing a resurgence as growing reserves, strategic infrastructure projects, and renewed investment commitments by global energy players converge to create unprecedented opportunities. Recent data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)…
Austria Unveils Revolutionary Green Energy Technology That Transforms Used Batteries into Clean Fuel In a groundbreaking development that could shift the balance in the global green energy race, researchers in Austria have unveiled a new technology that turns toxic battery waste into a powerful tool for sustainable fuel production, reports Union Rayo. Developed by scientists…