Nigeria Braces for Fresh Petrol Price Hike as Global Oil Market Faces Disruptions Nigerians may soon face yet another increase in petrol prices, with projections indicating that the pump price could climb close to ₦900 per liter. This anticipated hike is linked to recent global developments, particularly fresh sanctions imposed by the United States on…
Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential More than 600 million people across Africa still lack access to electricity, leaving the continent with an energy access rate of just over 40%—the lowest globally. Nowhere is this deficit more pronounced than in sub-Saharan Africa (excluding South Africa), where annual per capita electricity consumption is…
Afreximbank Unveils $1 Billion Oil Service Financing Facility for Guyana In a significant development for Guyana’s oil industry, the African Export-Import Bank (Afreximbank) has announced the launch of a $1 billion oil service financing facility aimed at bolstering local participation in the nation’s rapidly expanding energy sector. The announcement was made by Afreximbank President and…
Lokpobiri Calls for Regional Collaboration to Shape Africa’s Energy Future LAGOS – Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has called for stronger regional collaboration to drive Africa’s energy future. Speaking at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lokpobiri emphasized that African nations must work together—rather…
Nigeria’s Energy Future: Komolafe Showcases Investment Potential at SAIPEC 2025 LAGOS – At the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, reaffirmed Nigeria’s commitment to innovation, sustainability, and robust investment growth in the oil and gas sector….
Nigeria’s Oil Sector Faces Skilled Manpower Crisis Amid Migration and Retirement LAGOS – The Nigerian oil and gas industry is currently grappling with a significant shortage of skilled professionals as mass migration and retirement take their toll, according to Olu Verheijen, Special Adviser to President Bola Tinubu on Energy. Speaking at the 9th Sub-Saharan Africa…
PETAN Calls for Stronger Collaborations Among Stakeholders to Drive Africa’s Energy Development LAGOS – The Petroleum Technology Association of Nigeria (PETAN) has called for increased collaboration among industry stakeholders to accelerate Africa’s energy development. In his welcome address at the 9th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, PETAN Chairman Engr. Wole…
TotalEnergies Stresses Efficiency and Collaboration for Africa’s Energy Growth TotalEnergies E&P Nigeria Limited has reiterated the critical role of efficiency and collaboration in keeping Nigeria’s energy industry competitive and appealing to investors. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference in Lagos, Engr. Victor Bandele, Deputy Managing Director of TotalEnergies’ Deepwater Assets, emphasized…
Nigeria Attracts Billions in Oil and Gas Investments Amid Reforms Nigeria is witnessing a surge in oil and gas investments following a series of pro-investment reforms that have positioned the country as Africa’s leading destination for upstream energy ventures. With an estimated 37.5 billion barrels of crude oil and 209 trillion cubic feet of natural…
Global Climate Action at Crossroads: Challenges, Setbacks, and the Path Forward Evidence of climate change is undeniable, from rising sea levels to widespread desertification. Transitioning to a net-zero world represents one of humanity’s most pressing and complex challenges. Scientific consensus indicates that to prevent the most severe impacts of climate change and ensure a livable…