Industry News

Industry News2026-02-08T14:24:52+01:00

Our industry news page curates and displays headlines along with brief descriptions of the latest developments in the oil, gas, and energy industry in Nigeria. The content is sourced from various media outlets across the country, offering a comprehensive overview of the sector’s current events and trends.

February 7, 2026

Lagos understudies NERC to strengthen power regulation
The Lagos State Electricity Regulatory Commission has begun a process of understudying the Nigerian Electricity Regulatory Commission as part of efforts to strengthen electricity market regulation in the state. Read more…

DisCos blame gas shortages for worsening outages
Electricity distribution companies have blamed persistent power outages across their networks on a sharp drop in gas supply to power plants, warning customers to brace for intermittent electricity supply until the situation improves. Read more…

Ex-militants threaten oil shutdown over amnesty programme exclusion
Ex-Niger Delta agitators have threatened to shut down oil facilities across the region in the coming days over alleged marginalisation, lack of transparency and unfair treatment in the Presidential Amnesty Programme. Read more…

Meter fraud: Govt seals 11 Rivers petrol stations
No fewer than 11 filling stations in Rivers State were sealed on Friday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority during an enforcement exercise. Read more…

NUPRC targets lower oil, gas operating costs
The Nigerian Upstream Petroleum Regulatory Commission has intensified efforts to reduce operating costs in Nigeria’s oil and gas industry as it moves to harmonize regulatory fees and rents in a bid to make the sector more competitive and attractive to investment. Read more…

NUPRC: PIA Encourages Host Communities to Safeguard Oil Facilities, Installations against Disruption 
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has advised oil host communities (HOSTCOM) to safeguard oil facilities and installations in their respective areas Read more…

Diezani Alison- Madueke’s Case: Story That No Longer Holds Its Shape
In London, prosecutors say Diezani Alison-Madueke was handed “a life of luxury” by oil barons: millions at Harrods, museum-grade furniture, and renovated townhouses in return for favorable treatment in Nigeria’s oil sector. Read more…

PETROAN: The Dark Knight on the Road to Ruin
Nigeria’s oil and gas sector has endured many seasons of noise masquerading as advocacy. From time to time, pressure is applied not in pursuit of reform, but in defence of habits that have outlived their usefulness. Read more…

Activist urges FG to review framework for pipeline surveillance
A Niger Delta stakeholder and human rights activist, Fejiro Oliver, has urged the Federal Government to decentralize pipeline surveillance operations by involving host communities Read more…

NNPC explores refinery partnership with Chinese firm
The Chief Executive Officer (CEO), Nigerian National Petroleum Company (NNPC) Limited , Bayo Ojulari says the company is in talks with a Chinese firm over a potential partnership involving one of Nigeria’s state-owned refineries. Read more…

Federal Govt Seeks Private Sector Involvement For World-class Energy Centre
The federal government has urged private organizations’ buy-in to the plan to build a world-class Energy Centre where the Nigeria International Energy Summit (NIES) and other global events would be hosted to bring the rest of the world to the country. Read more…

Nigeria Records Gas Milestone As Oilserv’s OB3 Segment Delivers 300 MMscf/d Capacity
Nigeria’s gas infrastructure improvement drive has recorded significant milestone with its commissioning of a segment of the Obiafu-Obrikom-Oben (OB3) gas, Read more…

Reciprocate Tax Incentives with Oil Output Surge, Lokpobiri Urges IOCs
The federal government has urged International Oil Companies (IOCs) operating locally to make use of the offered tax breaks and reforms to boost the oil and gas industry’s growth. Read more…

NUPRC, NNPC Deepen Collaboration to Boost Operational Efficiency
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Limited (NNPC) have pledged to deepen collaboration in order to boost operational efficiency. Read more… Read more…

Rite Foods Reaffirms Commitment To Clean Energy Adoption
Rite Foods Limited, has reaffirmed its commitment to sustainable manufacturing and clean energy adoption as it marked the 2026 International Day of Clean Energy Read more…

Nigeria’s Per Capita Oil Production Risks Cutback In 2030 
An energy communication researcher, Dr. Adeola Yusuf, has called on the Federal Government to demand strategic communication plans from oil producers and contractors, Read more…

Nigeria Suffers Periodic Energy Supply, Transmission Bottlenecks, Requires Urgent Infrastructure Fix- Report
Nigeria’s electricity supply crisis and transmission infrastructure gap has been highlighted in a 2026 International Energy Agency’s (IEA) Electricity report. Read more…

Youth training key to Nigeria’s Energy Security- PTI Chief
Stakeholders at the just-concluded 2026 Nigeria International Energy Summit (NIES) emphasized the importance of human capital and skills development in driving Nigeria’s oil, Read more…

Why Nigeria’s refineries failed – Bayo Ojulari
Bayo Ojulari, chief executive officer of Nigerian National Petroleum Company Limited (NNPC), says Nigeria’s state-owned refineries collapsed because successive managers prioritized financing and engineering contracts over the hard work of running the plants. Read more…

PTI becomes independent trainer, says Principal
The Petroleum Training Institute (PTI), Effurun, will soon commence the training independently without collaborating with its partner, JFD. Read more…

Cape Town convention signing will drive aviation growth – Osamo
An energy and aviation expert, Mr. Dare Osamo, has commended the Federal Government under President Bola Ahmed Tinubu for the recent signing of the Cape Town Convention, Read more…

Tinubu hails Waltersmith Petroman chairman, Abdulrazaq Isa, at 65
President Bola Ahmed Tinubu has congratulated Mr. Abdulrazaq Isa, co-founder and chairman of Waltersmith Petroman Oil Limited, on his 65th birthday, Read more…

Group knocks activist over call for fragmentation of oil pipeline surveillance
A group, Concerned Nigerians for Good Governance, has kicked against the fragmentation of oil pipeline surveillance along ethnic lines, saying it is inimical to national security and the country’s economy. Read more…

‘Epileptic power supply driving investors away from Kwara’
Stakeholders in businesses have linked the current spate of industrial development in Kwara state to inadequate and unstable power supplyRead more…

NUPRC working with OPTS to address multiplicity of fees, says Eyesan 
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Oil Producers Trade Section (OPTS) are working together to address multiplicity of fees and rents to make the countey’s oil and gas sector more competitive. Read more…

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