Nigeria’s Gas Reserve Hits 215 TCF from 210.54 in January 2025 Nigeria’s official gas reserves have climbed to 215.19 trillion cubic feet (TCF) as of January 1, 2026, up from 210.54 TCF in January 2025, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported. The Commission’s latest assessment also puts the country’s 2P crude oil…
Afreximbank Backs Dangote Refinery With $2.5bn in Landmark $4bn Loan Deal African Export-Import Bank (Afreximbank) has underwritten $2.5bn of a $4bn senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE, in a move aimed at strengthening the financial position of Africa’s largest refinery. The bank announced that it partnered with Access Bank as…
Lokpobiri: Nigeria Ready to Partner with Senegal to Strengthen Energy Sector Nigeria is reinforcing its ambition to be West Africa’s safest and most reliable energy supply hub, Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated in a recent X post. In the post, the minister highlighted a meeting with the Senegalese Ambassador…
Nigeria Accelerates Gas Production, Targets 12bcf Daily by 2030 Nigeria is steadily advancing its ambition to make natural gas the cornerstone of its energy transition, with daily production rising from 6.8 billion cubic feet (bcf) in 2023 to 7.5 bcf in 2025. Mr. Ed Ubong, Coordinating Director of the Decade of Gas Secretariat, revealed the…
Ekpo Seeks Regional Action to Unlock Africa’s 600tcf Gas Reserves The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has called for stronger regional coordination, infrastructure development, and collective action to unlock Africa’s more than 600 trillion cubic feet of proven natural gas reserves and tackle widespread energy poverty across the continent….
NCDMB leads NCCF overhaul, sets path for high-impact delivery The Nigerian Content Development and Monitoring Board (NCDMB) has commenced a strategic reset of the Nigerian Content Consultative Forum (NCCF), a key platform for facilitating information sharing and collaboration among key industry stakeholders and proposing interventions and policy changes. The goal of the reset is to…
LOYZ Builds Competence, Capacity and Compliance Aligning with Industry Practice- Adie The Women in Maritime and Energy (WIME) Awards marked a significant milestone with its 5th edition, celebrating outstanding individuals who continue to shape, transform, and advance Nigeria’s maritime and energy sectors. In a fireside chats at the 2026 WIME Awards, Mrs. Bassey Adie, Managing…
SPE Port Harcourt to Host Well Intervention Summit Amid Push to Optimize Nigeria’s Oil Production The Society of Petroleum Engineers (SPE) Port Harcourt Section 103 will host the Well Intervention Summit (WIS) 2026 from March 31 to April 1, 2026, at the Dr. Obi Wali International Conference Centre. Speaking ahead of the event, Dr. Pringle…
WIME Awards marks 5th Anniversary, Honors Industry Titans, Allies and Rising Stars The Women in Maritime and Energy (WIME) Awards marked a significant milestone with its 5th anniversary edition, celebrating outstanding individuals who continue to shape, transform, and advance Nigeria’s maritime and energy sectors. The 2026 edition convened industry leaders, professionals, and stakeholders in a…
NCDMB Lauds ESSO on $23m new logistics base at LADOL The Nigerian Content Development and Monitoring Board (NCDMB) has applauded ESSO Nigeria on the groundbreaking of its permanent shorebase facility at the LADOL Deep Offshore Logistics Base, describing the project as a major demonstration that Nigeria has become a prime hub for global oil and…