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PCTS calls for pan-industry collaboration on performance-based local content
Sopuruchi Onwuka International oil service contractors operating in Nigeria have called for stronger pan-industry collaboration to unlock full local capacity, improve efficiency, deepen technology transfer, and ensure consistent utilization of in-country investments across the petroleum sector. Chairman of the Petroleum…
FG projects gas as immediate pathway to Industrialization
Sopuruchi Onwuka The Federal Government has said the ongoing Decade of Gas program holds strong potential to transform Nigeria’s economy into a major industrial hub driven by local capacity, fuel diversification, and modern production technology. The Minister of State for…
PETAN companies invested N225 bn in asset capacity in 2025
Sopuruchi Onwuka Indigenous oilfield services contractors in the upstream petroleum industry have in the in 2025 collectively invested significant $10 million or N225 billion inbuilding capacity for fast and efficient execution of industry jobs. Chairman of the contractors known as…
NCDMB says only local industrial performance drives economic growth
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB) has declared significant milestones in strengthening the capacity, competence, and global competitiveness of Nigerian companies, reinforcing local content as a catalyst for industrialization and economic development. Executive Secretary, Engr. Felix…
Slow regulatory approvals threaten oil output targets __ PETAN
NCDMB proves exception with rapid response Sopuruchi Onwuka Industry players in Nigeria’s upstream petroleum sector have warned that slow regulatory approvals and prolonged contracting cycles are undermining efforts to ramp up crude oil production by over one million barrels per…
UN demands government’s response to Nigeria’s worsening humanitarian crisis
Sopuruchi Onwuka United Nation’s humanitarian office in Nigeria has stated that the current security crisis in the country is rapidly transcending regional and religious lines while spreading deadly conflicts across neighboring communities. The UN is now urging Nigerian federal and…
NNPC Ltd to drive infrastructural expansion with new gas masterplan
Sopuruchi Onwuka Nigerian National Petroleum Company Limited (NNPC Ltd) weekend officially unveiled its Gas Master Plan tagged NGMP 2026, saying the measure is part of ongoing efforts to reposition Nigeria’s gas sector to drive national industrialization, guarantee energy security, and…
Nigeria’s oil output up in December; inflation down as CBN changes methodology
Sopuruchi Onwuka Nigeria’s oil production rose slightly in December, increasing to 1.50 million barrels per day (mbpd) from 1.49 mbpd in November. Output therefore matched the country’s OPEC+ quota of 1.50 mbpd. For 2025 as a whole, oil production averaged…
NUPRC lowers entry barriers, tightens rules for 2025 licensing round
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified key requirements for the ongoing 2025 oil licensing round, stressing that only bidders with strong technical and financial capacity will progress in the process. The Commission’s Chief Executive, Mrs….
NIES: Ojulari to lead investor-focused fireside chat on Nigeria’s energy future
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, will headline a high-level, investor-focused fireside chat at the 9th edition of the Nigeria International Energy Summit (NIES) 2026, reinforcing Nigeria’s commitment to energy security, market…
