In pursuit of the Petroleum Industry Act (PIA), TotalEnergies has handed over the OLO Oilfield Host Community Development Trust (HCDT) to Aradel Holdings Plc. This transition follows Aradel’s earlier acquisition of the Olo and Olo West marginal fields (formerly part of OML 58) from the TotalEnergies/NNPCL Joint Venture. The handover, which took place in Abuja…
The Nigerian National Petroleum Company Limited (NNPCL) has stated that the Ajaokuta-Gwagwalada segment of the Ajaokuta-Kaduna-Kano Gas Pipeline (AKK) is projected to be commissioned, with first gas flowing by July 2026. Speaking during a Stakeholders’ Workshop on Emerging Opportunities in Compressed Natural Gas CNG organised by Portland Gas Limited yesterday in Abuja, NNPCL’s Executive Vice…
The Nigerian Content Development and Monitoring Board (NCDMB) has enjoined operators in the midstream segment of the oil and gas industry to comply with the Nigerian Oil and Gas Industry Content Development (NOGICD) Act 2010, or risk attracting sanctions, including project withdrawal, suspension and criminal prosecution. The Board also reaffirmed that obtaining the Nigerian Content…
The revenue of Seplat Energy Plc for the 2025 financial year surged 144.2 per cent to $2.73bn (N4.14tn) compared to $1.12bn (N1.65tn) in 2024, reflecting what the company called a full year of contribution from its offshore assets. This was disclosed in its audited results for the year ended 31 December 2025, filed with the…
NUPRC sets Friday deadline for 2025 licensing round applicationsOritsemeyiwa Eyesan, CEO, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a final call to prospective investors, announcing that the window for pre-qualification applications for the Nigeria 2025 Licensing Round will officially close on Friday The Commission, in a public…
A United States court has sentenced a former senior official of the Nigerian National Petroleum Corporation (NNPC), Paulinus Okoronkwo, to 87 months (seven years and three months ) in federal prison for receiving a $2.1 million bribe linked to oil drilling rights in Nigeria. Mr Okoronkwo, 58, was sentenced by the US District Judge John…
The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily across the country, in a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed this in…
Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has described the Dangote Refinery as a world-class facility equipped with modern technology and capable of making significant impact on Nigeria’s economy and the global energy market. Ojulari made the remarks while addressing journalists after inspecting several sections of the refinery, including the master control room,…
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to meet growing domestic demand The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, stating that its subsidiaries—NNPC Upstream Investment Management Services (NUIMS)…
The Managing Director, TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has reaffirmed the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Mr Bouyer made the remarks during a panel session titled “Capitalising on Africa’s Global Upstream Momentum” at the 9th Nigeria International Energy Summit (NIES 2026), held on Wednesday,…
