PETAN Deepens Nigerian Content Footprint Across Oil and Gas Value Chain —-4th Quarter General Meeting had group review organisation’s strategy ahead of 2026, admit new members. —-Association recommits to 1MMBOPD drive with IOCs —-Engr. Ogunsanya begins pivotal role in continental energy diplomacy as the Chairman of the African Local Content Organisation (ALCO), unveils strategy. …
Aradel Holdings Completes Acquisition of Additional 40% Stake in ND Western, Consolidates Upstream Portfolio Aradel Holdings Plc, a leading indigenous integrated energy company, has announced the successful completion of its acquisition of an additional 40 per cent equity interest in ND Western Limited (NDW) through its wholly owned subsidiary, Aradel Energy Limited. The completion follows…
Heirs Energies Completes $500 Million Acquisition of 20.07% Stake in Seplat Energy, Deepens Indigenous Ownership Heirs Energies, Africa’s leading indigenous integrated energy company, has completed the acquisition of the entire 20.07 per cent equity stake—representing 120.4 million ordinary shares—previously held by French energy company Maurel & Prom S.A. in Seplat Energy Plc, in a transaction…
Egbin Power Deepens Community Cohesion, Youth Empowerment through Sustained Social Investment Programme Egbin Power Plc has reaffirmed its commitment to sustainable development, social inclusion, and strong community relations through its Personal Corporate Social Responsibility (PCSR) initiatives, with a renewed focus on youth empowerment and social cohesion across its host communities. One of the most prominent…
Nigeria’s Oil Output Averages 1.46mbpd in 2025, Falling Short of OPEC and Budget Targets Despite Condensate Boost Nigeria’s crude oil production averaged 1.46 million barrels per day (mbpd) between January and October 2025, falling short of the country’s output benchmark set by the Organisation of Petroleum Exporting Countries (OPEC), according to newly released data from…
Heirs Energies Completes $500 Million Acquisition of Seplat Energy Shares in Landmark Indigenous Energy Deal Heirs Energies Limited has completed the acquisition of the entire 20.07 per cent equity stake previously held by French energy company Maurel & Prom S.A. in Seplat Energy Plc, in a transaction valued at approximately US$500 million, marking one of…
NCDMB Kickstarts Nigerian Content Research, Innovation and Technology Challenge, Promises Awards The Nigerian Content Development and Monitoring Board (NCDMB) in December 2025 commenced the Nigerian Content Research, Innovation and Technology Challenge 2025/2026 with a call on interested individuals, research institutions, academia, oil and gas industry suppliers, and members of the public with research innovations, to…
Savannah Announces Relationship Agreement with NIPCO …Share Buyback Termination Agreement Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, has announced the intended entry into a relationship agreement (the “Relationship Agreement”) with its largest shareholder, NIPCO Plc (“NIPCO”), a diversified Nigerian energy conglomerate, in connection with…
NNPC Signals Major Asset Divestment Drive, Invites Investors to Bid for Select Oil and Gas Interests The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to divest interests in selected oil and gas assets as part of its ongoing strategy to attract investment, optimise its portfolio, and strengthen operational efficiency. The move was…
MA’AM Energy Assumes Majority Control of Geregu Power as Ownership Restructuring Ends Otedola’s Indirect Stake MA’AM Energy Limited has emerged as the new controlling shareholder of Geregu Power Plc, Nigeria’s largest listed power generation company by market capitalisation, following a major restructuring of the ownership of its majority shareholder. The development effectively ends the indirect…
