FG deepens clean cooking drive as Akwa Ibom becomes second state in the decade of gas LPG nationwide rollout The Federal Government, through the Federal Ministry of Petroleum Resources (Gas) and the Decade of Gas Initiative, has launched the National Grassroots LPG Penetration Programme (NGLPP) in Akwa Ibom State, making the state the second…
Africa Has the Energy. But Who Will Finance It? More than 150 oil and gas projects are reportedly stalled amid tightening international finance and persistent investment risks across the continent. By Sola Adebawo Africa does not have an energy-resource problem. It has an energy-financing problem. The continent is estimated to hold about 125 billion barrels…
Resilient Power Grids Critical to Nigeria’s Energy Security – Minister The Minister of Power, Joseph Tegbe, has called for electricity grids to receive the same strategic priority traditionally given to fuel supplies in global energy security planning. Tegbe made the call on Tuesday while delivering a keynote address at the opening plenary of the…
From Policy to Project, NUPRC boss says PIA is Driving Capital into Nigeria’s oil & gas” Nigeria’s upstream regulator says the Petroleum Industry Act has moved the country “from policy to projects” and is already unlocking fresh capital into Africa’s largest oil and gas sector Nigerian Upstream Petroleum Regulatory Commission, Commission’s Chief Executive, Mrs…
AOW: Seplat Energy Eyes 500k BPD Production and $1B Dividend Payout in Aggressive Growth Independent energy giant Seplat Energy is launching an aggressive expansion strategy, promising to distribute $1 billion in shareholder dividends over the next four to five years and push production targets to 500,000 barrels of oil per day (bpd). The targets…
Africa’s $200bn Energy Gap Beckons Global Investors, says Adegbite Falade, IPPG Chairman …Identify gas infrastructure as another major investment frontier. Africa’s widening energy investment gap presents one of the continent’s biggest opportunities for global investors, with the continent requiring more than $200 billion annually in energy investment by 2030, according to the Chairman of the…
Ingentia Energies Unveils Victor Agbaroji as New Managing Director, Pledges Growth and Operational Excellence Indigenous oil and gas company, Ingentia Energies Limited, has announced the appointment of seasoned industry professional, Engr. Victor Agbaroji, as its new Managing Director/Chief Executive Officer, effective September 1, 2026, with a commitment to consolidate existing achievements and drive the…
NNPC Profit Falls 47.9% To N279 Billion In July Amid Lower Crude And Gas Output The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax (PAT) of N279 billion in July 2026, representing a 47.9% decline from the N535 billion recorded in June. The figure was contained in the company’s Monthly…
2026 AOW: ENERGY – OPENING CEREMONY INDUSTRY KEYNOTE ADDRESS BY IPPG CHAIRMAN Your Excellencies, Honourable Ministers, Distinguished Regulators, Members of the Diplomatic Corps, International Partners, Captains of Industry, Ladies and Gentlemen On behalf of the Independent Petroleum Producers Group (IPPG), it is my profound honour to deliver this keynote address at the opening ceremony…
NCDMB PARTICIPATES IN AFRICA OIL WEEK 2026, CHAMPIONS LOCAL CONTENT AND INDUSTRIAL GROWTH The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday participated actively in the Africa Local Content Programme, a key event at the ongoing Africa Oil Week held in Accra, Ghana. Africa Oil Week (AOW 2026) is a leading international conference, networking, and exhibition programme focused on…