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…
Dangote Refinery boosts PMS supply to 40.1 million litres daily – NMDPRA
reducing Nigeria’s dependence on imported PMS. In December 2025, the refinery projected it could supply up to 50 million litres of PMS daily between December 2025 and January 2026. Management has optimized its Crude Distillation Unit and Motor Spirit production block, stabilizing steady-state operations. A 72-hour performance test run is underway with technology licensor UOP…
Nigeria to benefit from AU MoU on Nuclear Energy with OECD
The African Union (AU), the African Commission on Nuclear Energy (AFCONE) and the OECD Nuclear Energy Agency (NEA) have signed a memorandum of understanding (MoU) to advance the peaceful application of nuclear science and technology for Africa’s socio-economic development. The NEA is an intergovernmental agency under the Organisation for Economic Cooperation and Development (OECD) that…
Nigeria did not meet its OPEC daily quota for six months
Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries in the first month of 2026, extending its streak of underperformance to six consecutive months. According to OPEC’s Monthly Oil Market Report, Nigeria produced about 1.46 million barrels of crude oil…
Dangte Refinery Hits full Capacity of 650,000 Barrels per day
The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation Unit and Motor Spirit production block, marking what the company describes as a global first for a single-train refinery of its scale. In a statement on Wednesday, the firm said the…
Siemens revives $2.3 billion Nigeria power deal stalled under previous administration
Germany’s Deputy Head of Mission in Nigeria, Johannes Lehne, said on Wednesday that the $2.3 billion Siemens power agreement between Nigeria and Germany remained largely dormant until President Bola Tinubu’s administration revived it after taking office. Speaking at the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, Lehne said the bilateral partnership had…
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…
