Skip to content
Low oilfield activity level threatens petroleum production targets – PETAN
Says weak project pipeline, capacity redundancy, funding gaps challenge targets Despite commitments by major international oil companies to invest an estimated $45 billion in Nigeria’s upstream petroleum sector, low oilfield activity and underutilisation of existing industry capacity continue to threaten…
NERC blames court ruling for ₦2tn electricity subsidy burden
ays 2016 judgment constrained regulatory powers, deepened subsidy exposure • Lagos begins implementation of independent electricity market under new law Nigerian Electricity Regulatory Commission (NERC) has disclosed that a court ruling in 2016 contributed to government’s subsidy exposure currently valued…
Nigeria, UNDP, REA launch first phase of Africa Minigrids Programme for rural communities
Nigeria has launched the Africa Minigrids Programme (AMP), a renewable energy initiative aimed at expanding electricity access to underserved communities, stimulating rural economies and accelerating the country’s transition to clean energy. The Africa Minigrids Programme is being implemented through a partnership involving…
Doku takes a bow, Angela steps in as GM Corporate Affairs at WAPCo
Sopuruchi Onwuka The West African Gas Pipeline Company Limited has announced the end of the tenure of Dr. Isaac Adjei Doku in the leadership of its Corporate Affairs Division, and subsequent appointment of Mrs. Angela Yasmin Heymann as the new…
Amid distribution shortfalls, DisCos recover N597.6bn electricity debts from customers
Amid erratic service supply to customers nationwide, the country’s electricity distribution companies (DisCos) have reported the second-highest quarterly revenue collection over the past five quarters, in the first quarter of 2026. According to data from the sector’s regulator, the revenue boost…
Shell, 9 banks launch $3bn Contract Finance facility to support Nigerian contractors
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has launched a $3 billion Contract Finance facility in partnership with nine leading Nigerian banks to support contractors. The facility launched, Thursday, which represents a major step towards empowering Nigerian contractors is…
Saudi Arabia to slash oil prices, as market edges to post- COVID-19 era
Saudi Arabia is expected to slash the official selling prices of its crude loading for Asia in August, as Middle East’s crude benchmarks crashed amid the tentative reopening of the Strait of Hormuz and the oil supply increase from the region….
NCDMB, NLNG drive Train 7 near completion, creates 16,000 jobs
The Nigerian Content Development and Monitoring Board (NCDMB) and NLNG Ltd have reaffirmed their commitment to strengthening collaboration aimed at deepening local content participation, increasing in-country value retention and expanding the economic benefits of Nigeria’s gas industry, as the ongoing…
NCDMB, SNEPCo, LADOL launch capacity building for supply base ervices
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has launched a 12-month Human Capacity Development (HCD) programme designed to equip young Nigerians with specialised…
NCDMB to launch petroleum industry trainers certification
The Nigerian Content Development and Monitoring Board (NCDMB) is set to commence the issuance of the Nigerian Content Trainers Registration Certificate (NCTRC), as part of its commitment to strengthening local competencies and promoting professional standards within Nigeria’s oil and gas…
