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Month: April 2026

US fighter jet downed over Iran; rescue effort intensifies for missing pilot

Ziggy Ojiegbe A U.S. F-15E fighter jet has been shot down over Iranian territory, leaving one pilot missing and prompting an active search and rescue operation, according to ABC News, which cited unnamed American officials. The two-seat aircraft was engaged…

Nigeria’s Oil Reserves Stand at 37.01bn Barrels, Gas at 215.19TCF – NUPRC

Sopuruchi Onwuka Nigeria’s total oil and condensate reserves stood at 37.01 billion barrels as of January 1, 2026, while total natural gas reserves reached 215.19 trillion cubic feet (TCF), the Nigeria Upstream Petroleum Regulatory Commission has declared. The Commission Chief…

Adeleye Falade takes ’s CEO’s seat at NLNG

Sopuruchi Onwuka  Mr Adeleye Falade, an engineer, has officially assumed office as the Managing Director and Chief Executive Officer of NLNG. In a statement issued to Oracle Intelligence in Lagos, the company’s spokesperson, Dr Sophia Horsfall, said Falade took up…

Chevron’s Noble takes FID on E. Guinea’s Aseng gas monetization project

Sopuruchi Onwuka Local affiliate of Chevron in Equatorial Guinea, Noble Energy EG Limited says that Chevron has penned Final Investment Decision (FID) on the country’s Aseng Gas Monetization Project. The FID, according to a statement from Chevron’s Mid-Africa office in…

Renaissance Targets 15 FDPs Annually, Hits 2.2bcf Gas Output

Sopuruchi Onwuka Renaissance Africa Energy Company Nigeria Ltd has outlined plans to ramp up development activity across its asset base, targeting up to 15 Field Development Plans (FDPs) annually, as it scales up gas production and expands operations. The company’s…

Business Economy Energy Industry & Commerce

NCDMB to drive high-impact Local Content delivery with NCCF overhaul

Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board has commenced a strategic overhaul of the Nigerian Content Consultative Forum, aimed at repositioning the platform to deliver more impactful outcomes in Nigeria’s oil and gas sector. The initiative was disclosed…

How Iran’s war threats are fracturing NATO military alliance

Ziggy Ojiegbe European countries are increasingly distancing themselves from the United States’ military campaign against Iran, as direct and indirect threats from Tehran reshape security calculations across the continent. Iran has warned that any country hosting U.S. military assets or…

Capacity deficits that stall Nigeria’s energy export boom

By Sopuruchi Onwuka Expectations that Nigeria and other African oil and gas producers would benefit from rising global energy prices are facing a reality check. Capacity limits and delayed projects are holding back the gains many had predicted. The ongoing…