Namibia Aims to Become Africa’s Fifth Largest Oil Producer Namibia is positioning itself to become one of Africa’s top five oil producers by 2035, with a target of producing an average of 500,000 barrels of oil per day, surpassing Egypt in the continent’s oil production rankings. According to Ebson Uanguta, interim managing director of the…
IYC Calls for Lokpobiri’s Redeployment to Rescue Petroleum Industry The Ijaw Youth Council (IYC) Worldwide has clarified that its call for the redeployment of Dr. Heineken Lokpobiri, the Minister of State for Petroleum (Oil), is driven by a genuine concern for the issues affecting the petroleum sector, rather than parochial interests. The apex Ijaw Youth…
NLNG@35: Pioneering Progress and Building a Better Nigeria As Nigeria Liquefied Natural Gas (NLNG) celebrates its 35th anniversary, it stands as a beacon of progress, significantly contributing to Nigeria’s economy through the utilization of natural gas. Since its incorporation on May 17, 1989, NLNG has transformed Nigeria into one of the world’s leading gas-producing nations,…
NDPHC Strengthens Human Capacity through Internship Program The Niger Delta Power Holding Company (NDPHC) Limited is making significant strides in developing the next generation of engineers in Nigeria through its Internship Program, a key part of the company’s Corporate Social Responsibility (CSR) initiative. This program is designed to provide practical, hands-on experience to young Nigerian…
Platform Petroleum Targets Billion-Dollar Investment, Announces Bold Expansion Plans Platform Petroleum has unveiled an ambitious strategic plan to secure a billion-dollar investment as it sets its sights on bringing three marginal fields into production by 2025. The company aims to achieve a daily output of 10,000 barrels of oil and at least 50 billion standard…
NNPC Ltd, JV Partners, and NDDC Commission N24.5 Billion Ogbia-Nembe Road, Paving the Way for Sustainable Development In a landmark event commemorating the first anniversary of President Bola Ahmed Tinubu’s administration, the Nigerian National Petroleum Company Limited (NNPC Ltd) and its joint venture partners—Shell Petroleum Development Company (SPDC), TotalEnergies, and Nigeria Agip Oil Company (NAOC)—in…
Electricity Market Panel Concludes Activities, Submits Landmark Report to NERC In a significant development for Nigeria’s electricity sector, the inaugural Stakeholder Advisory Panel (iSAP) for the Nigerian Electricity Supply Industry (NESI) has officially concluded its activities and submitted a comprehensive report to the Nigerian Electricity Regulatory Commission (NERC). The panel, established in 2021, was tasked…
Nigeria Customs Service Intensifies Efforts Against Petrol Smuggling with ‘Operation Whirlwind’ In an assertive bid to stem the tide of petroleum product smuggling, the Nigeria Customs Service (NCS) has launched a groundbreaking initiative known as “Operation Whirlwind.” Spearheaded by the Comptroller-General of Customs, Adewale Adeniyi, this specialized tactical operation is designed to clamp down on…
Oando PLC Completes $783 Million Acquisition of Eni’s Subsidiary, NAOC Oando PLC, Nigeria’s leading energy solutions provider, has successfully completed the acquisition of 100% of the shareholding interest in Nigerian Agip Oil Company (NAOC) from the Italian energy giant, Eni. The transaction, valued at $783 million, includes both the asset consideration and reimbursement, marking a…
Axxela and NGML Commission First Gas Pipeline in Lagos, Connecting Eko Atlantic City Axxela Limited, a leading gas and power company in sub-Saharan Africa, in partnership with NNPC Gas Marketing Limited (NGML), has successfully commissioned a 5km natural gas pipeline network in Lagos. This newly completed segment, which connects Eko Atlantic City to piped natural…
