July 08, 2025 Africa’s upstream oil and gas sector is undergoing a transformative shift. In recent years, majors have scaled back their exposure to mature, non-core assets across the continent, opening the door for a new wave of regional independents, traders, and non-African national oil companies (NOCs) to step in as consolidators and value creators. […]Read More
TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase. The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a significant contribution to Nigeria’s gas […]Read More
…Hosts Sensitisation Talkshop On Contract Financing Unveiling New Initiatives To Strengthen Nigerian Content. The Nigerian Content Development and Monitoring Board (NCDMB) has launched a sensitisation campaign aimed at educating contractors and stakeholders on the Nigerian Content Compliance Certificate (NCCC) system. The NCCC system is a key regulatory tool for ensuring compliance in the oil and […]Read More
… Delivered 1.9 billion cubic feet of gas to Bonny NLNG; Wins energy excellence award, champion collaboration                                                                 “Renaissance Africa Energy Company Limited in just 100 day has boosted Nigerian crude oil production level with over 200,000 barrels per day, and delivered 1.9 billion cubic feet of gas to Bonny NLNG.” This was disclosed by the company […]Read More
Leading energy and infrastructure conglomerate, Sahara Group, has said the second edition of Asharami Square, its flagship thought leadership platform, will explore important gas-related options as Africa seeks various opportunities to enhance energy access and security across the continent. Scheduled for Friday, July 11, 2025, at the Radisson Blu Hotel, Ikeja, Lagos, the event is […]Read More
July 6, 2025 The Dangote Petroleum Refinery has been recognised as capable of alleviating the ongoing inflation in Nigeria, following the recent report by the Financial Derivatives Company (FDC) Limited, a prominent economic policy researcher. In its July Executive Breakfast Presentation for the Lagos Business School (LBS), FDC emphasized that the refinery’s operations, particularly its […]Read More
The Federal Government (FG) has created 37 new evacuation routes for crude oil to tackle oil theft and spur production. Mr Gbenga Komolafe, Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this at the ongoing 2025 Nigeria Oil and Gas (NOG) Energy Week in Abuja. He said that protection of assets was also […]Read More
Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager, Neconde Energy Limited (OML 42), has called on the Federal Government to urgently address the numerous bottlenecks obstructing investment in Nigeria’s upstream petroleum sector. Emenike made the call on Wednesday in Abuja while speaking to newsmen after a panel session at the ongoing 2025 Nigeria […]Read More
The Organisation of Petroleum Exporting Countries (OPEC) says its research estimates a huge oil market deficit of 23 million barrels per day (bpd) by 2030, if investment in the global upstream industry stops. OPEC also said that global cumulative oil-related investments of 17.4 trillion dollars are required by 2050 to meet up the energy demand. […]Read More
Jul 03, 2025 U.S. electricity prices have risen faster than inflation since 2022 and are projected to increase by 13% from 2022 to 2025, driven by infrastructure costs and soaring demand. Rapid growth in energy consumption by data centers and electric vehicles is straining the grid and could soon surpass supply, exacerbating future price hikes. […]Read More
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