May 7, 2026

OIL AND GAS

Nigeria’s oil and gas industry needs urgent human capital development to sustain long term visibility- Eyesan.

Shaka Braimah07 mins

This warning came from the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyewa Eyesan, who urged indigenous operators to urgently invest in human capital development or risk undermining the industry’s long-term viability. She charged the Independent Petroleum Producers Group to uphold industry standards, strengthen human capital development, and promote good corporate governance. This…

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Atta Predicts Merger of Operators, Outlines Funding Instruments for Projects

Shaka Braimah010 mins

The Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that many indigenous oil and gas operators in Nigeria will within the next decade consolidate strategically and form consortiums to take advantage of emerging opportunities. He stated this when he made a presentation at the Nigerian Content Academy Lecture on Thursday,…

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Nigeria’s total Oil Reserve stands at 37.01 barrels as at January, 2026- NUPRC

Shaka Braimah03 mins

In keeping with its mandate, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is committed to improving upstream sector performance, enhancing the growth of oil and gas reserves, and ensuring stable production for shared prosperity via operationalisation of the Petroleum Industry Act, 2021 (PIA), and implementation of the strategic pillars of the Commission. The commission’s spokes…

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Afreximbank leads $4bn Dangote Refinery loan with $2.5bn commitment

Shaka Braimah06 mins

The African Export-Import Bank (Afreximbank) said Tuesday it has underwritten $2.5 billion of a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE. Afreximbank and Access Bank were appointed co-mandated lead arrangers for the five-year facility to consolidate existing financing, optimise its capital structure, and align with the refinery’s operational status…

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Ojulari backs Executive Order 9, says it will transform the Energy sector.

Shaka Braimah04 mins

The Nigerian National Petroleum Company (NNPC) Limited has thrown its weight behind Executive Order 9, arguing that it will improve financial transparency in the energy sector. NNPC Limited’s Group Chief Executive Officer (GCEO), Bayo Ojulari, said this on the sidelines of the CERAWeek by S&P Global in Houston, United States. “Regarding Executive Order 9, the…

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ExxonMobil’s Nigeria unit bets on first IOC-funded shore base in Lagos.

Shaka Braimah06 mins

Esso Exploration and Production Nigeria Limited, an affiliate of ExxonMobil, broke ground Tuesday on a permanent Shore Base facility at the Lagos Deep Offshore Logistics Base, becoming the first international oil company to fully fund the construction of such infrastructure within Nigeria’s premier deepwater logistics hub. The ceremony at LADOL’s Apapa Port complex drew senior…

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