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RAEC JV welcomes new partners as Vaaris closes $800m TotalEnergies deal
Sopuruchi Onwuka, Editor French energy giant, TotalEnergies, has completed the sale of its 10 per cent equity interest in 15 oil licences operated by Renaissance Africa Energy Company (RAEC) Limited in Nigeria to Vaaris for $800 million. Italian oil major,…
OTL 2026: How Nigeria’s petroleum can fuel industrialization, build energy hub
Sopuruchi Onwuka Nigeria is seeking to reposition itself from a country struggling with domestic energy supply deficits and dependence on imported petroleum products into a regional energy hub capable of supplying West Africa with gas, refined petroleum products and associated…
KPMG, WEN partner to track women’s inclusion in energy sector
Africa’s leading gender equity advocate in the energy sector, the Women in Energy Network (WEN) has struck partnership with KPMG Advisory Services to institute the first ever industry benchmark and standards on diversity, equity and inclusion (DEI), a process that…
PETAN seeks innovative funding to unlock Nigeria’s 3mbpd oil target
Sopuruchi Onwuka Nigeria’s aspiration to boost oil and gas production must go beyond setting targets to addressing critical funding crunch inhibiting investments in exploration and development drilling in the oil and gas industry, the Petroleum Technology Association of Nigeria (PETAN)…
NDPHC strengthens network to boost power supply in Kaduna community
The Niger Delta Power Holding Company Limited (NDPHC) has commenced a major electricity distribution project in Rigasa, Igabi Local Government Area of Kaduna State, to address nearly 15 years of inadequate power supply and improve electricity access for residents and…
NMDPRA unveils 2030 roadmap to make Nigeria West Africa’s energy hub
Sopuruchi Onwuka The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has declared an ambitious roadmap to transform Nigeria into West Africa’s energy hub, targeting $30 billion to $50 billion in fresh oil and gas investment by 2030 through regulatory…
Sahara Group Foundation commissions 23rd recycling hub in Lagos
Sahara Group Foundation, the social impact vehicle of Sahara Group, has commissioned its 23rd Sahara Go Recycling Hub at Sam Ethnan Air Force Base in Ikeja, Lagos, as part of efforts to promote environmental sustainability, create livelihood opportunities and strengthen…
LNG supply risks mount as Europe enters winter with low gas reserves
Oracle Intelligence reports that rising attacks on commercial vessels in the Strait of Hormuz, falling temperatures across parts of Asia and Europe’s limited gas storage cushion are heightening risks to global liquefied natural gas (LNG) supplies, with market analysts warning…
Appeal Court unfreezes Achimugu’s 124 bank accounts, dismisses EFCC’s prayers
The Court of Appeal sitting in Port Harcourt, Rivers State, has ordered the immediate lifting of restrictions imposed by the Economic and Financial Crimes Commission (EFCC) on 124 bank accounts operated by businesswoman Aisha Achimugu and companies associated with her….
Nigeria’s crude output up 2.34% to 1.72 mbd in September
Output remains above OPEC quota for fifth consecutive month as improved operational stability and uninterrupted crude evacuation support upstream performance Nigeria’s average daily crude oil and condensate production rose by 2.34 per cent to 1.717 million barrels in September 2026,…
