October 08, 2025 Crude Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output. As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by […]Read More
The NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd. have commissioned Nigeria’s first wholly owned 2.2 million-barrel capacity Floating Storage and Offloading (FSO) vessel, designed to drive sustained oil and gas production, energy reliability, security, and sustainability across Nigeria. The vessel is Nigeria’s first Crude Oil Terminal to be commissioned in 50 years. […]Read More
Lagos, Nigeria. October 7, 2025. Sahara Group Foundation, the corporate social impact vehicle of Sahara Group, has commissioned its 15th Sahara Go Recycling hub in Ijede, Ikorodu Local Government Area of Lagos State, further underscoring its commitment to sustainable waste management, environmental protection, and community empowerment in Nigeria. The new hub, strategically located opposite the […]Read More
October 06, 2025 Nigeria’s upstream oil sector is showing strong signs of recovery, with a 66% surge in active oil rigs reflecting renewed investor confidence and the impact of sweeping reforms aimed at revitalising production. According to OPEC data, the country operated 15 rigs in August 2025, up from 9 in May — the second-highest […]Read More
The Dangote Group has been hailed for its leading role in environmental sustainability as the company took centre stage at the E1GP Lagos Mangrove Restoration Programme held at the Eko Park Mangrove Sanctuary, Lagos. The event, which brought together top government officials, traditional rulers, community leaders, corporate sponsors, and international partners, was aimed at combating […]Read More
Seplat Energy Plc, leading Nigerian independent energy company, has recorded unprecedented growth since it was founded by acquiring divested assets, unlocking value from them, improving efficiency and safety performance of the assets, whilst driving the entire growth process with a world-class and resilient people (workforce). Roger Brown, Chief Executive Officer, Seplat Energy Plc, said this at […]Read More
Sahara Group, a leading global energy and infrastructure conglomerate is aggressively expanding its upstream capacity with a target of producing 350,000 barrels of oil per day within the next five years. This growth will be driven by a significant upgrade of its Exploration and Production service offerings, development of its execution capacity, and the acquisition […]Read More
Following the decentralisation of the Nigerian Electricity Market to allow State Governments to participate in the electricity market by creating electricity market and regulating same within the state territories, the Lagos State Electricity Regulatory Commission (LASERC) has officially issued distribution licences to Excel Distribution Company Limited and IE Energy Lagos Limited. Excel is a subsidiary […]Read More
October 2, 2025 The U.S. Department of Energy has canceled $7.6 billion in funding for previously approved energy projects on the grounds that they would not produce any palpable benefits for Americans. The canceled projects are 223 in total, approved by various agencies from the Department of Energy during the previous administration. However, “these projects did not […]Read More
Sahara Group, in collaboration with the Association of Energy Correspondents of Nigeria (NAEC), has announced its “Making A Difference: Workshop” aimed at Championing Excellence and Sustainability in Energy Reporting. Tagged “#M.A.DwithNAEC Workshop”, the annual initiative is designed to support energy reporters to hone both their journalistic craft to effectively drive Nigeria’s energy sector reforms and the […]Read More
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