Eyesan Urges Global Investors to Seize Opportunities in 2025 Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities…
Nigeria’s state-owned NNPC records $4.2 billion after-tax profit in 2025
Nigeria’s state oil firm NNPC booked after-tax profits of 5.760 trillion naira ($4.26 billion) last year, it said, as Africa’s biggest oil producer recorded average crude and condensate output of 1.62 million barrels per day. Total revenue was 60.517 trillion naira, with statutory payments to government agencies and partners amounting to 14.706 trillion naira for…
NNPC warns of power dip as Seplat shuts gas plant
The Nigerian National Petroleum Company Limited has announced that its joint venture partner, Seplat Energy Plc, will shut down its gas production facilities for four days for routine maintenance, a development expected to temporarily reduce gas supply to power generation companies and moderately impact electricity output nationwide. In a statement issued on Thursday by the…
Key players in the oil and gas industry reaffirm commitment to indigenous capacity
The Group Managing Director of NNPC Ltd., Mr Bayo Ojulari, has reaffirmed the company’s commitment to strengthening partnerships, building indigenous capacity, and promoting gas as a key driver of Africa’s industrialisation. Ojulari gave the assurance on Tuesday in Lagos at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC 2026). The conference, with the…
Eyesan Urges Global Investors to Seize Opportunities in 2025 Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, emphasising that recent reforms under the Petroleum Industry Act 2021 provide a predictable, transparent, and investor-friendly framework for upstream development. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, made this known at the opening of the…
Shell Nigeria Exploration and Production Company Limited (SNEPCo) Gets Award of Best Oil Development Project
The award highlights the company’s leadership in Nigeria’s deep-water sector, having commenced production in 2005 at Bonga field, Nigeria’s first development in water depths of more than 1,000 meters. There have been further developments in the field including the Bonga Northwest project which came on stream in 2015. The NIES award comes as work progresses…
Energy Expert Calls for Strategic Plan for Nigeria’s 3m bopd Oil Production Target*
An energy communication researcher, Dr. Adeola Yusuf, has called on President Bola Tinubu to demand strategic communication plans from oil producers and contractors, detailing phase-by-phase progress on the 3 million barrels oil production target set for 2030. Yusuf, who doubles as the Team Lead of Platforms Africa, made this call during a plenary session at…
NMDPRA condemns low pace of power generation in 20 years
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has condemned the slow progress made in the country’s electricity generation in the last 20 years, lamenting that it has only increased from 4,500MW to 5,000MW in two decades. In his regulatory address on the “National Gas Day: Unlocking Nigeria’s Gas Advantage for Power, Industry and…
NCDMB webinar unlocks AfCFTA market access for energy sector.
provides roadmap to $3.4tn continental market The Nigerian Content Development and Monitoring Board has outlined a practical framework for positioning Nigeria’s energy sector to access the African Continental Free Trade Area, following a strategic webinar focused on meeting rules-of-origin requirements for continental trade. The Board held a pre-conference webinar on Wednesday ahead of the Nigeria…
NUPRC Boss identifies inconsistent regulations as bane of the oil and gas
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has emphasized the need for consistent and harmonized regulatory policies as a critical tool for attracting investments into the petroleum industry. According to Eyesan, investors are not deterred by African geology, but by inconsistent rules. Eyesan who was represented by Edu…
NNPCL Boss under fire over comment on Nation’s Refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has criticised Bayo Ojulari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, over his comments about the Port Harcourt refinery. PETROAN asked the NNPC executive not to use the failure of the state-owned asset as a basis for praising…
