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…
Honouring a Legacy: 22nd Aret Adams Memorial Lecture to Spotlight Impact on Nigeria’s Oil & Gas Sector The 22nd edition of the annual Aret Adams Memorial Lecture is scheduled to hold on May 15, 2025, at the Muson Centre (Agip Recital Hall), Onikan, Lagos, beginning at 11:00 a.m. This year’s theme, “Aret Adams – Legacies…
Dangote Packaging Targets Regional Markets After Major Production Boost Dangote Packaging Limited (DPL) is setting its sights on new African markets as it ramps up production capacity following the installation of state-of-the-art machinery at its manufacturing plants. At a recent strategic board meeting, the Chairman of DPL’s Board, Mr. Robert Ade-Odiachi, announced that the company…
Crude Oil Prices Waver as Trade Hopes Rise and Supply Worries Linger Crude oil prices fluctuated but managed a modest rebound, buoyed by renewed optimism over upcoming trade negotiations between the U.S. and China. Market sentiment received a boost after news broke that U.S. Treasury Secretary Scott Bessent is set to meet with China’s top…
Seplat Energy Champions Nigeria’s Gas-Powered Future with Bold Investments and Indigenous Leadership Seplat Energy PLC, a leading Nigerian independent energy company listed on the Nigerian Exchange and the London Stock Exchange, has reaffirmed its commitment to driving Nigeria’s indigenous gas revolution. The company says its vision is anchored on providing energy access for all, powered…
Africa is stepping into a new era — one defined not by scarcity, but by opportunity. As the world undergoes a profound transformation in how energy is produced, consumed, and financed, Africa is positioning itself at the center of a global energy realignment. Armed with vast reserves of natural resources, a young and dynamic population,…