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Digital initiatives can save petroleum industry over $320 bn _Rystad
Sopuruchi Onwuka Digital innovation is becoming a defining force for the oilfield services (OFS) sector as it adjusts to shifting market realities. According to a new analysis from global energy advisory firm Rystad Energy, the next five years could bring…
AltBank takes non-interest banking solutions to Delta State
Sopuruchi Onwuka The Alternative Bank (AltBank), Nigeria’s non-interest bank, has opened its flagship branch in Effurun, Delta State in a plan to reshape how people across the Edo and Delta region experience banking. The bank stated in a media release…
UK, Nigeria launch joint reforms for economic stability and growth
Sopuruchi Onwuka The British High Commission in Abuja has launched two major economic reform programs, the Nigeria Economic Stability and Transformation program and the Nigeria Public Finance Facility to propel stable growth in the country. The initiatives, according to the…
NCF debts: NCDMB, NASS chase Sahara Energy, others
Sopuruchi Onwuka More trouble is underway for indigenous Sahara Group as both the National Assembly and petroleum industry value regulator, the Nigerian Content Development and Monitoring Board (NCDMB) vowed on Tuesday to deal decisively with upstream petroleum players evading mandatory…
Dangote Refinery mobilizes market for 1.5 bn-litre monthly fuel supply
Dangote Petroleum Refinery says it will supply one billion five hundred million litres of Premium Motor Spirit each month in December 2025 and January 2026 to ensure steady nationwide fuel availability through the festive season and into the New Year….
PNC: NCDMB summons industry to Local Capacity and Energy Transition debate
Sopuruchi Onwuka The 2025 Practical Nigerian Content Forum will today launch off with a welcome reception that brings government officials, industry leaders, and energy stakeholders to Yenagoa for four days of discussions on the future of Nigeria’s oil and gas…
OPEC+ to maintain current oil supply volumes into Q1, 2026
OPEC and its non-member partners agreed over the weekend to maintain current oil supply volumes through the first quarter of 2026, confirming a pause on production hikes as the global market moves toward a major surplus. The group signaled that…
Dangote deploys SAIPEM, others in fertilizer plant expansion
Dangote Group is announcing a set of new technical partnerships that support the next phase of its fertilizer expansion in Nigeria and the development of new plants in Ethiopia. These agreements move the Group closer to its long term goal…
Chevron farms into PPLs 2000, PPL 2001 to partner TotalEnergies, Sapetro
American multinational energy company, Chevron, says it has signed an agreement to acquire a 40% Working Interest (WI) in Petroleum Prospecting Licenses (PPLs) 2000 and 2001 from TotalEnergies EP Nigeria. Chevron stated in a statement issued in Nigeria that the…
IEA pledges collaboration with NUPRC low emission regulations
Sopuruchi Onwuka Nigeria and the International Energy Agency (IEA) agreed to deepen cooperation on data integrity, energy transition planning, and upstream sector governance following a high-level meeting between the Agency’s delegation and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in…
