The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a comprehensive Gas Development Roadmap aimed at unlocking over 55 trillion cubic feet of uncommitted gas reserves and attracting billions of dollars in new investments across Nigeria’s gas value chain. According to the Commission, the initiative has already attracted about $4.9 billion in capital expenditure (CAPEX)…
Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
The Transmission Company of Nigeria announced a four-day blackout in Lekki, Ikoyi, Jakande, and surrounding parts of Lagos State. TCN’s spokesperson, Ndidi Mbah disclosed this in a statement on X on Wednesday. The outage, which is expected to take effect on October 11, 12, 18, and 19, 2025, would last for eight hours daily. According…
This growth will be driven by a major upgrade of our exploration and production services, enhanced execution capacity, and the acquisition of seven brand-new rigs to accelerate and improve production efficiency, Leste Aihevba, Chief Technical Officer, Asharami Energy, a Sahara Group Upstream Company said. Aihevba made this disclosure while addressing investors and stakeholders during a…
The Nigerian National Petroleum Company Limited, NNPCL, has attributed the recent rise in cooking-gas prices to a temporary disruption to loading and distribution during the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The Group Chief Executive of NNPCL, Mr Bayo Ojulari, disclosed this while speaking to State House correspondents on…
The Nigerian government is reportedly in discussions with China’s Export-Import Bank for a $2 billion loan to construct a new “super grid” aimed at resolving the country’s persistent electricity challenges. Minister of Power, Adebayo Adelabu, said on Monday that the new transmission line would serve both the eastern and western regions of Nigeria, where many…
On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, is confident that the nation’s oil production will hit 1.8 million barrels per day crude benchmark before the year ends. According to Channels Tv report, Ojulari stated this after visiting President Bola Tinubu in Lagos. The NNPCL boss was in…
The House of Representatives Committee on Safety Standards and Regulations has commended the Niger Delta Power Holding Company (NDPHC) for upholding high safety standards at the Calabar Power Plant in Odukpani, Cross River State. In a statement, the Head, Corporate Communications & External Relations of NDPHC, Emmanuel Ojor, said the Committee gave the commendation after…
The tension in Nigeria’s oil and gas sector seems to have come to an end as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reached an agreement to suspend two days action against Dangote Refinery. This comes as the oil company agreed to recall its workers dismissed for belonging to PENGASSAN….
