Vaalco Energy Set to Re-Enter Nigeria’s Oil Industry with OML145 Acquisition Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has announced that US-based independent oil and gas exploration company, Vaalco Energy, is making moves to re-enter Nigeria’s oil industry with the planned acquisition of Svenska Petroleum’s Production Sharing Contract, PSC, interest in…
President Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea …Lauds Company’s Partners for Expanding Africa’s Role in Clean Energy President Bola Ahmed Tinubu says Nigeria is poised to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond. The President made the remarks today at the commissioning ceremony…
Lekoil Honoured with Change Maker Collaboration Award Lekoil Nigeria Limited, a leading indigenous oil and gas exploration and production company, has been honoured for its commitment towards empowering the next generation of Nigerians at the 2025 Enactus Nigeria National Competition held in Lagos. The honour was bestowed on the company in recognition of its support…
Tariff Order: Mainpower Files Formal Petition to EERC, Seeks Immediate Suspension Mainpower Electricity Distribution Company has filed a formal petition before the Enugu Electricity Regulatory Commission, EERC. The petition, dated 14th August, 2025, is fallout of the tariff reduction order by the EERC, which took effect from August 1, 2025. The EERC had in the…
Oil Subsidy Removal Freed up Resources for Infrastructure – Enugu Governor The Executive Governor of Enugu State, Peter Mbah, has attributed the financing of numerous infrastructure projects embarked by the state government to the oil subsidy removal policy of the President Bola Ahmed Tinubu administration. He made this declaration at the Govermment House, Enugu, during…
NCDMB, PETAN Share Local Content Insights at Namibia Conference Officials of the Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) shared insights on Nigeria’s local content implementation and lessons for other African nations on Wednesday, Day 2 of the Namibia Oil and Gas Conference, at Windhoek, Namibia. The…
NNPC Limited Secures Landmark Court Victory, Avoids ₦5 Billion Damages The Court of Appeal, Abuja Division, upheld NNPC Ltd.’s appeal against the Federal High Court’s April 2023 judgement that annulled Senator Ifeanyi Araraume’s removal as non-executive Chairman of the NNPC Board and awarded him ₦5 billion in damages. The Court of Appeal’s judgement spares NNPC…
NAPE @50: Pioneering the Future of Energy in Africa Founded in August 1975, the Nigerian Association of Petroleum Explorationists (NAPE) is the largest professional body for petroleum geoscientists and allied disciplines in Nigeria and Africa. The organization boasts a diverse and expanding membership exceeding 15,000 individuals and 173 corporate organizations while leading the advancement of…
SPE Nigeria Rallies Global Energy Leaders to Drive a Sustainable Future at NAICE 2025 The Society of Petroleum Engineers (SPE) Nigeria Council has ignited a united call for bold action toward a cleaner, more secure energy future, as it wrapped up the 2025 Nigeria Annual International Conference & Exhibition (NAICE). Over 2,000 delegates, 100+ exhibitors,…
The Oil Industry Needs Right Policy Guidance, Framework for Implementation- Prof. Oba Matemilola …Regulators and policy makers should work as partners to meet production. “Looking back at what has been achieved over the few decades I feel very proud. When I see indigenous stakeholders taking over the petroleum industry and competing with international oil companies…