NUPRC Emphasises Technical, Financial Strength in 2025 Licensing Round The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that only companies with strong technical and financial capacity will advance in the ongoing 2025 oil and gas licensing round, as interest builds around the 50 blocks currently on offer. Speaking at the 2025 licensing round pre-bid…
Standard Bank Seals $250m Financing to Power Aradel Energy’s Expansion Standard Bank has reached financial close on a landmark $250 million financing facility for Aradel Energy Limited, marking a major boost to the Nigerian indigenous oil and gas company’s growth strategy. The transaction was executed through Stanbic IBTC Capital Limited, Stanbic IBTC Bank Limited, and…
Chevron Nigeria Honored for Outstanding Corporate Social Responsibility at NIES 2026 Chevron Nigeria Limited has been recognized for its exceptional Corporate Social Responsibility (CSR) initiatives, receiving a prestigious award during the 2026 Nigeria International Energy Summit (NIES) held at the State House, Aso Villa, Abuja on Tuesday, February 3, 2026. The award was presented by…
Ikeja Electric Refutes Allegations, Threatens Legal Action Over Online Defamation Ikeja Electric has dismissed what it described as a false and malicious publication circulating across social media platforms, particularly WhatsApp, accusing the company and its top executives of wrongdoing. The electricity distribution company said the publication targeted its Chief Executive Officer, Mrs. Folake Soetan, and…
NCDMB Boss Says Strong Local Content Driving Growth of Indigenous Energy Firms The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Ogbe, has highlighted the growing impact of local content policies in strengthening the technical and operational capacities of indigenous oil and gas companies across Nigeria and beyond. Speaking during…
PENGASSAN Disowns Report Linking Union to Allegations Against TotalEnergies The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has distanced itself from a media report alleging that the union accused TotalEnergies Nigeria Limited of maltreating Nigerian employees and breaching local content regulations. In a statement issued by its National Secretariat, PENGASSAN expressed concern…
Nigeria Positions Gas as Catalyst for Africa’s Energy Transformation — NNPC Boss Nigeria has reaffirmed its commitment to leveraging its vast natural gas resources to drive Africa’s energy development and strengthen global energy security, the Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, has said. Ojulari made this known while delivering remarks at…
Chevron Backs Cross-Border Gas Development as Cameroon, Equatorial Guinea Seal Yoyo-Yolanda Deal Chevron has reaffirmed its commitment to advancing the Yoyo-Yolanda gas project following the signing of a unitization agreement between the Republic of Equatorial Guinea and the Republic of Cameroon. The agreement, signed on February 3, 2026, allows Noble Energy EG Ltd. and Noble…
Consistent Regulations Key to Unlocking Oil and Gas Investments – NUPRC Boss The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has stressed that consistent and harmonized regulatory frameworks are crucial for attracting investments into Africa’s petroleum industry. Speaking at the Nigerian International Energy Summit in Abuja on Monday, Eyesan, represented…
Oando Records 10% Rise in Profit After Tax to N241.3bn on Strong Upstream Performance Oando Plc has reported a 10 per cent increase in profit after tax to N241.3 billion for the financial year ended December 31, 2025, driven largely by a strong rebound in upstream production, impairment reversals and favourable tax adjustments. The energy…