Policymakers, Operators to Chart Nigeria’s Energy Future at NAEC 2025 Conference On October 9, 2025, Nigeria’s top policymakers, regulators, and operators in oil, gas, power, and solid minerals will gather at Eko Hotel, Lagos, for the Annual NAEC Energy Conference organised by the Association of Energy Correspondents of Nigeria. Themed “Nigeria’s Energy Future: Exploring Opportunities…
Dangote Urges Africa to Industrialise, Strengthen Intra-Continental Trade Africa’s richest man, Aliko Dangote, has urged African nations to prioritise industrialisation, strengthen regional value chains, and deepen intra-African trade to drive sustainable growth amid global uncertainties. Speaking at Dangote Industries Limited’s Special Day during the 4th Intra-African Trade Fair (IATF) in Algiers, Algeria, Dangote—represented by his…
Tanker Drivers Disown NUPENG Strike Threat, Demand Arrest of Union Leaders The Petroleum Tanker Drivers (PTD) branch has distanced itself from the nationwide strike threatened by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), describing the move as reckless, self-serving, and dangerous to national stability. In a statement on Sunday, PTD leaders accused…
Ex-Minister, Kachikwu Advocates Raise of NCI Fund to US$1bn, Timeline for Developing Oil Blocks The former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu has canvassed that the $450m Nigerian Content Intervention Fund (NCI Fund) be increased to US$1bn, to cater for the funding of mega of oil and gas projects, setting up…
DAPPMAN Calls for Calm, Dialogue to Prevent Fuel Supply Disruptions Amid Sector Tensions The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has raised the alarm over rising tensions in the downstream oil and gas sector, warning that any move towards industrial action could trigger widespread fuel shortages and threaten the nation’s fragile economic…
Oil Prices Set for Weekly Loss as Supply Expectations Weigh on Market Oil prices fell for a third consecutive session on Friday, positioning benchmarks for their first weekly decline in three weeks as traders weighed rising supply expectations and surprise builds in U.S. inventories. Brent crude futures slipped 35 cents, or 0.5%, to $66.64 a…
Putin Calls China Gas Pipeline a ‘Mutually Beneficial Project’ With Market-Based Pricing Russian President Vladimir Putin has reaffirmed his commitment to building the Power of Siberia 2 gas pipeline to China, describing the project as mutually beneficial and one of the largest energy initiatives in the world. Speaking at the Eastern Economic Forum in Vladivostok,…
Western Oil Price Cap Fails to Curb Russian Exports as Economy Holds Firm Western sanctions, including the much-publicized oil price cap, have fallen short of meaningfully reducing Russia’s oil revenues or crippling its economy, according to fresh data and market assessments. Russia’s GDP grew 1.1% in the second quarter of 2025 — slower than the…
Dangote Refinery Gasoline Outage May Extend Into November Amid Major Repairs Nigeria’s 650,000 barrels-per-day Dangote Refinery is facing an extended gasoline production halt that could last until November, after new assessments revealed deeper technical setbacks at its catalytic cracking unit. The refinery’s Residue Fluidized Catalytic Cracking Unit (RFCCU) — central to gasoline output — was…
OGTAN to Honour Industry Leaders at Prestigious Energy Awards in Lagos Lagos, Nigeria — The Oil and Gas Trainers Association of Nigeria (OGTAN) has announced plans to celebrate outstanding contributions to capacity building and human capital development in the energy sector at its upcoming awards ceremony on September 12 in Lagos. According to the association,…
