Oil Industry Contracting: NCDMB Issues NCEC Guidance Notes, Rules Out Transfer of Certificate Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from…
Shell honoured for “Best Oilfield Development Projects” at Abuja energy summit Shell Nigeria Exploration and Production Company Limited (SNEPCo) was recognised for its pioneering role in oilfield development projects at the 9th Nigeria International Energy Summit (NIES) which held in Abuja last week. The award for “Best Oilfield Development Projects” applauds SNEPCo’s leadership in Nigeria’s…
Sterling HoldCo’s Total Assets Nears ₦4 Trillion, Records 99% Profit Rise Sterling Financial Holdings Company Plc’s (“Sterling HoldCo”) interim, unaudited full-year 2025 financial results has revealed a growth in its stature, with the Group’s total assets approaching ₦4 trillion at the close of the year, marking an 11% year-over-year (YoY) increase. This growth in assets…
NCDMB webinar unlocks AfCFTA market access for energy sector ….. provides roadmap to $3.4tn continental market The Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a strategic webinar focused on meeting rules-of-origin requirements for continental trade. The Board…
Savannah Energy Provides Unaudited FY 2025 Operational and Financial Update with 12% Increase in Cash Collections in Nigeria Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, has released its financial and operational update on its Nigerian operations and other markets in Africa, including up-to-date cash collections in…
TotalEnergies Reaffirms Commitment to Local Content Development-Ojum TotalEnergies has reaffirmed its commitment to continuously improve initiatives that will improve on its local content delivery. Speaking at the 9th Nigerian International Energy Summit, Mr. Cyprian Ojum, Deputy General Manager, Nigerian Content, TotalEnergies, emphasized that local content is a strategic priority, not just a compliance checkbox. He…
Bouyer, TotalEnergies MD says Company Plan to Maximize Existing Onshore and Offshore Assets Managing Director of TotalEnergies E&P, Matthieu Bouyer says company has revealed a bold dual strategy at the ongoing Nigerian International Energy Summit, NIES2026, balancing operational expansion with sustainability. Speaking during a panel session on the theme “Capitalizing Africa’s Global Upstream Momentum,” Bouyer…
NCDMB Pledges Enduring Support for APPO, Africa Energy Bank The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its strong support to the African Petroleum Producers Organisation (APPO) and its newly established financial institution – the Africa Energy Bank (AEB). The Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe made the pledge on Thursday…
Renaissance Africa Scoops Energy Deal of the Year at NIES 2026 for $2.4B Shell Acquisition Renaissance Africa Energy Company has been named the winner of the Energy Deal of the Year for 2025 at the Nigeria International Energy Summit (NIES) 2026 awards, held in Abuja. The accolade recognises the company’s landmark $2.4 billion acquisition of…
MEMAN Chairman Calls for Competition and Transparency to Strengthen Nigeria’s Downstream Sector At the Nigeria International Energy Summit (NIES), industry stakeholders highlighted persistent challenges in Nigeria’s downstream sector, including regulatory hurdles and operational inefficiencies that have affected both operators and public perception. Speaking at a panel on the downstream industry, the Chairman of the Major…