Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. The award was presented on 3 June 2026 in…
Oritsemeyiwa Eyesan, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the 2026 oil licensing round will commence by the third quarter (Q3) of 2026, following approval by the minister of petroleum resources. Eyesan spoke on Wednesday when Meren Energy, formerly Africa Oil, visited the commission’s headquarters in Abuja. She said preparations…
Workers of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have embarked on an indefinite nationwide strike over welfare and other administrative grievances. It was further learnt that the industrial action commenced after efforts to resolve welfare and administrative grievances failed,…
TotalEnergies SE’s oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe’s majors. The comment comes as the company reported a 29% jump in its adjusted net income in the first…
The Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO). In a statement on Saturday, the company said the reduction reinforces its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria. Under the latest price…
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have pledged deeper collaboration to eliminate regulatory uncertainties and strengthen investor confidence across Nigeria’s petroleum industry. The commitment followed a courtesy visit by the new Authority Chief Executive of the NMDPRA, Rabiu Abdullahi Umar, to the headquarters of the NUPRC…
The NMDPRA disclosed this recently during a Stakeholder Sensitisation Workshop on the implementation of the HCDT framework and the operationalisation of the HCDT Digital Portal held in Port Harcourt. The Host Communities Development Trust is a framework mandated by Nigeria’s Petroleum Industry Act 2021 to ensure direct social, environmental, and economic benefits for petroleum-producing areas….
Multi-billionaire founder and chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026, as shareholders gather virtually for the company’s 13th Annual General Meeting. This is according to the energy company’s Notice of Annual General Meeting…
The University of Port Harcourt, represented by innovation Team PROTRONICS, and the University of Benin, by Team VHORDE, on Monday at the Nigerian Content Tower (NCT), Yenagoa, emerged winners from the South-South region in the Nigerian Engineering Olympiad (NEO). The competition is a nationwide engineering, innovation and entrepreneurship competition launched in 2025 by a non-profit…
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the 2026 Oil & Gas Midstream & Downstream Stakeholders Summit. The event is scheduled to hold from May 19–20, 2026, at Four Points by Sheraton Lagos, Victoria Island, Lagos. According to Obinna Ezeobi, PhD,Genaral Manager, Corporate Communications Division of the Board, thesummit is designed to bring together key decision-makers,…
