Cost of Services in Nigeria’s Oil and Gas Industry is Cheapest in Africa – PETAN President The President, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya on Wednesday declared that the cost of providing services in Nigeria’s oil and gas industry is relatively the cheapest on the African continent. He spoke at a Townhall…
NCDMB Unveils $100m Equity Investment Scheme as Nigerian Content Hits 61% in 2025 The Nigerian Content Development and Monitoring Board (NCDMB) has unveiled a $100 million Equity Investment Scheme among a raft of fresh initiatives to bolster indigenous capacity and participation in the oil and gas industry. The Executive Secretary of the NCDMB, Engr. Felix…
FG Pledges Stronger Gas Sector Growth Through Investment, Local Content Expansion Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has reiterated the Federal Government’s commitment to strengthening Nigeria’s gas sector through strategic investments, expanded local content, and increased energy production. Speaking in Yenagoa, Bayelsa State, at the Nigerian Content Development and Monitoring…
Nigeria Leads Africa in Upstream Investment, Secures Three of Four Major FIDs in 2024 Nigeria emerged as a leading destination for upstream investment in Africa, securing three out of four major Final Investment Decisions (FIDs) on the continent in 2024, Olu Arowolo Verheijen, Special Adviser to the President on Energy, has revealed. Speaking at the…
Nigeria Content Hits 61% as NCDMB Unveils $100m Equity Fund The Nigerian Content Development and Monitoring Board has announced that Nigerian Content levels in the petroleum industry have risen to 61 per cent, marking a significant step towards the national target of 70 per cent by 2027. The Executive Secretary of the Board, Engr. Felix…
Nigeria’s Renewables and Energy Transition Soars …Nigeria’s Energy Transition Plan aims for net-zero emissions by 2060, with major renewable investments, job creation targets, and gas positioned as a transition fuel. For decades, Nigeria’s oil industry has faced a multitude of challenges. Despite having vast quantities of crude, the mismanagement of revenue, weak agreements with international…
Ukraine’s Oil Strikes are Hurting Russia’s War Economy …Ukraine’s deep-strike drones have hit half of Russia’s major oil and gas facilities, reducing refining capacity and fueling domestic fuel shortages. Ukraine’s deep-strike drone campaign targeting Russia’s oil and gas production facilities has already cost its enemy 10 percent of its refining capacity, according to industry experts…
NNPC Foundation Emerges as the Most Responsible Organisation in Africa at SERAS 2025 The Nigerian National Petroleum Company (NNPC) Foundation Limited by Guarantee has been crowned Most Responsible Organisation in Africa at the 2025 SERAS Sustainability Awards, clinching the overall continental prize at the 19th edition of Africa’s leading sustainability event held Saturday night in…
Dangote Refinery to Supply 1.5bn Litres of Petrol Monthly …Writes NMDPRA, Engages Marketers to Stabilise Fuel Market Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel…
Energia Launches Graduate Trainee Programme to Empower Nigeria’s Next Generation of Energy Professionals Energia Limited, a leading Nigerian independent energy company has announced the launch of its Graduate Trainee Programme, a structured development initiative designed to accelerate the career growth of young Nigerian professionals in the energy sector. The programme offers graduates the opportunity to…