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…
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…
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…
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…
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…
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…
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…
State governments are now to bear the cost of electricity subsidy, along with the Federal Government, President Bola Tinubu, has directed. Vanguard gathered that funding for payment of the subsidy will now come from Power Assistance Consumers Fund, PCAF. PCAF is a government-backed financial pool designed to subsidise electricity bills for low-income and vulnerable households…
Dangote Industries Limited (DIL) has signed gas supply agreements with the Nigerian National Petroleum Company (NNPC) Limited for three of its subsidiaries. The move is said to be part of efforts to meet the growing energy needs of DIL’s expansion projects. The agreements, according to a statement on Sunday, were signed during the unveiling of…
The Minister of Federal Capital Territory (FCT), Chief Nyesom Wike, has inaugurated 9.4-kilometre Ogu Community Road Network and a 1,500-seater Royal Hall built by the Niger Delta Development Commission (NDDC) in Ogu, Ogu-Bolo Local Government Area of Rivers State. Speaking at the inauguration of the two projects, Wike said they were further demonstrations of the…
