Chevron Nigeria Limited has reduced gas flaring by 98 per cent over the past decade as part of efforts to promote cleaner energy production and environmental sustainability. The company’s General Manager, Corporate Affairs, Oduselu Olusoga, disclosed this on Monday at Asaba, Delta State, during a one-day oil and gas reporting workshop organised in partnership with…
By Seun Ibiyemi The Federal Government has pledged to facilitate the remobilisation of exploration activities at the Kolmani Oil Field in Bauchi State, following concerns over the suspension of work at the project. The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Muhammad Bello, made the commitment on Monday during a verification visit…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) and partners in the OML 118 joint venture have signed key agreements expected to accelerate the development of the long-delayed Bonga Southwest/Aparo (BSWAp) deepwater project towards Final Investment Decision (FID). The agreements include the Addendum to the OML 118 Production Sharing Contract (PSC) and…
By Seun Ibiyemi The Rural Electrification Agency (REA) is seeking to reposition electricity access as a driver of economic growth, with its Managing Director, Dr Abba Aliyu, proposing a new model that links power supply directly to businesses, jobs and investment. Aliyu, in the second part of his two-part article on electrification in the age…
Dangote Petroleum Refinery & Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa states, in a move aimed at reducing distribution costs and creating greater room for lower petrol prices. The initiative, which previously covered Lagos, Ogun, Rivers, Kaduna, Abuja and Delta states, is designed to bring refined petroleum…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given the 31 companies that emerged provisional winners of 37 oil and gas blocks in the 2025 licensing round 60 days to complete payment of signature bonuses and other post-award requirements. The commission issued the directive as part of the next stage of the licensing process, warning…
The Federal Government has announced plans to sanction underperforming electricity distribution and generation companies as part of a broader reform programme aimed at improving power supply and driving industrial growth. Minister of Power, Joseph Olasunkanmi Tegbe, disclosed the plan in a policy brief presented by his Special Adviser, Martins Olajide, at the Nigerian Economic Summit…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that regulatory uncertainty, overlapping mandates and slow approval processes could undermine investment and further weaken Nigeria’s oil and gas industry. PENGASSAN President, Festus Osifo, raised the concern on Wednesday at the fifth PENGASSAN Energy and Labour Summit (PEALS) 2026 in Abuja, urging…
The Managing Director of TotalEnergies Exploration and Production Nigeria Limited, Matthieu Bouyer, has identified policy stability, faster project approvals, improved security, industrial harmony and investment in human capital as critical conditions for unlocking greater investment in Nigeria’s oil and gas industry. Bouyer spoke on Wednesday at the 5th PENGASSAN Energy and Labour Summit in Abuja,…
By Seun Ibiyemi Dangote Petroleum Refinery and Petrochemicals is moving to deepen Nigerian and African ownership of the multibillion-dollar refinery as it prepares for a proposed initial public offering (IPO) on the domestic capital market. The refinery’s financial advisers, Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, announced on Tuesday that the company…
