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Dangote Refinery reaches 87% installed capacity in March
As debate rages over fuel pricing in Nigeria Sopuruchi Onwuka Nigeria’s largest refining facility, the Dangote Petroleum Refinery, reached 87 percent capacity utilization in March, marking its highest operational level since commencing production and signaling a major shift in efficiency…
Nigeria’s 2025/26 licensing round unfolds Africa’s global energy role
Sopuruchi Onwuka Nigeria’s planned 2025/26 licensing round is shaping up to be one of the most closely watched upstream opportunities in recent years, both for the scale of assets expected and for what it signals about Africa’s evolving role in…
Oil chiefs demand Trump to reject Iran’s toll on Hormuz
Ziggy Ojiegbe Senior oil industry executives have reportedly urged the administration of Donald Trump to oppose Iran’s proposal to impose tolls on vessels passing through the Strait of Hormuz, a critical global energy corridor. According to U.S. media reports, executives…
Capital Goes Where Value Is Clear: Bayo Ojulari’s Bold One-Year Transformation of NNPC
[Kunle Odusola-Stevenson] One year after his appointment on April 2, 2025, Bashir Bayo Ojulari has recast the trajectory of NNPC Limited with a blend of commercial discipline, institutional integrity, and global strategic clarity. At a time when energy markets are…
ExxonMobil engages NUPRC on over $25bn deepwater development plans
Sopuruchi Onwuka ExxonMobil, the world’s largest publicly traded oil company by market capitalization, has unveiled plans to invest more than $25 billion in a series of deepwater oil developments and enhanced recovery projects in Nigeria. The company’s Senior Vice President…
Oil prices rise after attacks hit Saudi energy infrastructure
Ziggy Ojiegbe Global oil prices climbed after attacks on Saudi Arabia’s energy infrastructure disrupted production and transport capacity, raising fresh concerns about supply in already tight markets. International benchmark Brent crude settled at $95.92 per barrel on Thursday, before jumping…
Seplat JV advocates sustainability with more STEAM laboratories in Edo schools
The NNPC Exploration and Production Limited (NEPL)/Seplat Energy Joint Venture has commissioned two Science, Technology, Engineering, Arts and Mathematics (STEAM) laboratories built at the Ogbe and Uselu Secondary Schools in Oredo and Ikpoba Okha Local Government Areas of Edo State…
Local Content Funding: Players must show institutional readiness __Tony Attah
Sopuruchi Onwuka Players in the upstream petroleum industry who seek initial funding must advance propositions that demonstrate institutional readiness and commercial bankability in order to secure immediate cash, short-term equity investments and long-term capital support from the stock market. Managing…
Eni discovers 2 Tcf gas field in Egypt’s Mediterranean maters
Eni S.p.A. has announced a significant gas and condensate discovery offshore Egypt, reinforcing the Eastern Mediterranean’s position as a growing energy hub. The discovery was made at the Denise W-1 exploration well, located within the Temsah Concession about 70 kilometres…
Shell, NNPC boost respiratory care with equipment donation to LUTH
Shell Nigeria Exploration and Production Company Limited and Nigerian National Petroleum Company Limited have strengthened Nigeria’s healthcare capacity with the donation of advanced respiratory diagnostic equipment to University of Lagos Teaching Hospital, marking a significant step toward improving pulmonary care…
