By Yunus Yusuf Dr Riverson Oppong, Chief Executive Officer of the Chamber of Oil Marketing Companies (Ghana) and Africa Regional Director, says Africa is set to become the next major growth frontier for the downstream oil and gas industry. He said that the market was projected to grow from 80.5Continue Reading
By Petpetua Onuegbu Civil Society Legislative Advocacy Centre (CISLAC) has called for a review of tax incentive policies in the fossil fuel industry. Executive Director of CISLAC, Auwal Rafsanjani, who made the call at the launch of a new report on fossil fuel industry on Tuesday in Abuja, warned thatContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to promoting ethical governance as the foundation for sustainable growth in Nigeria’s and Africa’s hydrocarbon industry. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, reaffirmed the commitment in Abuja at the 2025 International Conference on Hydrocarbon ScienceContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has recorded 1.61 million barrels per day (mbpd) of Crude and condensate production in September, slightly down from 1.65 mbpd recorded in August. This was disclosed in the NNPC’s Monthly Financial and Operations Report for September 2025, released onContinue Reading
By Emmanuella Anokam The Federal Government has welcomed Shell Nigeria’s $2 billion Final Investment Decision (FID) for a new offshore project in Nigeria’s HI Field, located in Oil Mining Lease (OML) 144, approximately 50 kilometres offshore. The significant investment was communicated to the Minister of State for Petroleum Resources (Oil),Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the Host Community Development Trust (HCDT) has risen to N373bn as of Oct. 13, 2025. This is just as it revealed that about 536 community projects are ongoing simultaneously. In a statement made available by its HeadContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is implementing polices that promote infrastructure expansion, access to facilities and investment in gas processing, storage, and transportation systems. The Authority Chief of the NMDPRA, Mr Farouk Ahmed, said this on Monday in Abuja, while speakingContinue Reading
By Shedrack Frank Nigerian vehicle manufacturers, Innoson Vehicles Manufacturing (IVM) Limited, has disclosed plans to establish a Compressed Natural Gas (CNG) assembly plant in Bayelsa. The Managing Director and Chief Executive Officer of the firm, Chief Innocent Chukwuma, stated this when he visited Gov. Douye Diri in Yenagoa on Monday.Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant rise in the country’s rig count, increasing from just eight in 2021 to 69. The commission said this in a statement by its Head, Media and Strategic Communication, Eniola Akinkuotu. Akinkuotu highlighted some of NUPRC’s highContinue Reading
By Joan Nwagwu The President of PENGASSAN, Mr Festus Osifo, says the union will resume strike action if Dangote Group defaults, following the suspension of its ongoing industrial action. Osifo stated this during a news conference at the end of the union’s National Executive Council (NEC) meeting, on Wednesday toContinue Reading
