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FG declares 2025 licensing round to attract investments, boost national revenue
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, effective December 1, 2025, setting the stage for the award of new oil blocks expected to unlock fresh investments, enhance national revenue,…
COP30: Energy, climate advocates engage to strike balance
The 30th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) kicks off today with a babel of voices seeking to negotiate a middle ground that accommodates the economic interests of fossil energy producers and…
Seplat Energy Earns ISO 45001:2018 Certification for operational excellence
Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has achieved the ISO 45001:2018 certification in line with its strides towards operational excellence and employee wellbeing. The certification was officially…
NNPC adopts IJV model for govt refineries, shops operating partners
Sopuruchi Onwuka After pumping significant N4.5 trillion into failed rehabilitation of the nation’s three refineries and trialing several business strategies to jumpstart government’s four refining plants into life, the Nigerian National Petroleum Company (NNPC) Limited is said to be considering…
Nigeria’s New 15% Fuel Import Duty: Strategic Gamble or Economic Overload?
[By Sola Adebawo] The federal government’s decision to impose a 15% ad valorem import duty on Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) marks a decisive shift in Nigeria’s energy strategy. Scheduled to take effect from November 21,…
NUPRC’s Komolafe bags doctorate, leadership awards
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has bagged a professional doctorate in leadership (Energy Law) from the International Business School of Scandinavia. According to a statement from the media unit of…
Oriental Energy readies Emem FPSO for Okwok operations
Sopuruchi Onwuka Indigenous independent producer, Oriental Energy Resources Limited (OERL)is working on the final stages of converting a very large crude carrier (VLCC) into a floating production facility for deployment in operated Okwok oilfield offshore Niger Delta. The vessel conversion…
Heirs to inherit over $70trn in 10 years as global poverty worsens
G20 committee demands coordinated response to inequality Sopuruchi Onwuka Descendants of millionaires will inherit over $70 trillion from wealth dynasties in the next 10 years when nearly half of global population is also predicted to increasingly slip into severe food…
Chevron grabs 2 offshore exploration blocks in Guinea-Bissau
Chevron has officially entered Guinea-Bissau’s offshore oil and gas sector, securing exploration rights in two blocks within the MSGBC Basin — a key frontier region for West Africa’s energy development. Through its wholly owned subsidiary, Chevron Guinea Bissau Exploration I,…
Ghanaian govt sets industrial development agenda for energy industry
AOW 2025 delegated task governments on clear, stable policies Sopuruchi Onwuka Ghana has outlined an ambitious plan to harness its natural resources responsibly to achieve energy security, drive industrialization, and position itself as a leader in Africa’s economic transformation. The…
