Approved FDPs Can Unlock 1.7bn Barrels, 7.7tcf of Gas — Komolafe The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has said that the 43 Field Development Plans (FDPs) approved in 2025 have the potential to unlock 1.7 billion barrels of crude oil and 7.7 trillion cubic feet of…
Delta Gov Flags Off Kwale Free Trade Zone, Vows to Drive State’s Industrial Transformation Delta State Governor, Rt. Hon. Sheriff Oborevwori, on Tuesday, launched the Kwale Free Trade Zone (KFTZ) project in Ndokwa West Local Government Area, marking a major milestone in his administration’s bid to industrialise the state. The KFTZ, a key component of…
FG Warns Against Diversion of Frontier Exploration Fund The Federal Government has expressed alarm over the alleged diversion and mismanagement of Nigeria’s Frontier Exploration Fund, emphasizing that the money—administered by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)—must be used strictly for its intended purpose. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, issued the…
Tinubu Pledges to Revolutionize Nigeria’s Power Sector with Siemens President Bola Tinubu has reaffirmed his administration’s commitment to transforming Nigeria’s electricity supply, assuring Siemens Energy of full government support for the Presidential Power Initiative (PPI). Speaking on Monday at the State House in Abuja during a meeting with a delegation from Siemens Energy, led by…
NDPHC Urges More Industrial Firms to Join Direct Power Purchase Scheme The Niger Delta Power Holding Company (NDPHC) has urged high-energy-consuming businesses across Nigeria to subscribe to its Eligible Customer Programme (ECP), which enables direct electricity purchases from NDPHC and other generation companies. In a statement, the company explained that the ECP—originally launched in 2017…
Nigeria’s New 15% Fuel Import Duty: Strategic Gamble or Economic Overload? -By Sola Adebawo The federal government’s decision to impose a 15% ad valorem import duty on Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) marks a decisive shift in Nigeria’s energy strategy. Scheduled to take effect from November 21, 2025, the policy, endorsed…
Seplat Energy Secures ISO 45001:2018 Certification, Reinforces Commitment to Safety and Excellence Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has earned the ISO 45001:2018 certification—an international standard for occupational health and safety management systems—underscoring its dedication to operational excellence and employee wellbeing….
NAPE 43rd Conference to Deliberate on Transition Fuel, Accelerate Gas Development, Industrialization and Economic Growth Speaking at a press conference and media parley in Lagos, Johnbosco Uche, President of Nigerian Association of Petroleum Explorationists (NAPE), pointed out that this year’s conference which is themed “Revitalizing the Nigerian Petroleum Exploration and Production Strategies for Energy Security…
MEMAN Says 15% Tariff on Imported Petrol; Other Petroleum Products will Impede the Industry The Major Energy Marketers Association of Nigeria (MEMAN) said the 15 per cent import tariff on fuel products could raise pump prices, burden consumers and impede the progress of the downstream industry. If the tariff is implemented , it will increase…
NAPE Calls for Reignition of Mature Basin Exploration to Attract Increased Investment The Nigerian Association of Petroleum Explorationists (NAPE) has called for the reignition of exploration activities in Nigeria’s mature basins as part of efforts to attract increased investment and strengthen the country’s energy security. Speaking at a media parley in Lagos on Thursday ahead…