Industry News

Seplat Energy Champions Responsible Operations, Net-Zero Pathways at NGX Climate Roundtable
Seplat Energy Plc has reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, while stressing the need for operators to conduct their activities responsibly, Read more… Read more…

Five Years of Heirs Energies: How African Capital Repositioned OML 17 for Growth, Safety and National Impact
Five years after assuming operatorship of Oil Mining Lease (OML) 17, Heirs Energies is marking a milestone defined not merely by time, but by delivery, Read more…

African Heads of State Confirm Attendance at Nigeria International Energy Summit (NIES) 2026
The Nigeria International Energy Summit (NIES) has announced the confirmation of distinguished African Heads of State for its 2026 edition, Read more…

NUPRC Eulogizes Comrade U.M Okoro On 20th Remembrance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stands in solidarity with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on the commemoration of the 20th anniversary of the passing of its former President, Read more… Read more…

Pinnacle Oil And Gas Limited Launches Fully Synthetic Lubricant
Pinnacle Oil and Gas Limited has announced the launch of its flagship fully synthetic lubricant product, PIBREUM SN-9000 5W-30, designed to deliver superior engine performance and protection. Read more…

Ekpo Hails NDPHC Boss Reforms  At The Company
The Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, has commended the Managing Director of the Niger Delta Power Holding Company (NDPHC), Engr. Jennifer Adighije, for what he described as remarkable achievements since she assumed leadership of the company. Read more…

Nigeria’s oil output drops 8.3% to 1.544m bpd
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 Read more…

62.5% rise in electricity sector debt threatens FG’s N1.2trn bond
Efforts by the Federal Government (FG) to address debts owed electricity generation companies (GenCos) may be facing increasing challenges as the debt burden rose 62.5% to N6.5 trillion at end 2025, Read more…

Nigeria’s US crude oil imports rise to 42m barrels in 10 months
Nigeria’s crude oil imports from the United States in the first 10 months of 2025 rose to more than 42 million barrels. According to data from the US Energy Information Administration (EIA), Read more…

On Nigeria’s plan to supply electricity to more neighbouring countries
Following a recent proposal by the Federal Government of Nigeria to expand the exportation of electricity to neighbouring countries, a familiar national debate may be in the offing. Read more…

Abuja DisCo Transitions To Holding Company With New Subsidiaries In Niger, Kogi
Abuja Electricity Distribution Plc (AEDC) announced its shift to a Holding Company (Holdco) structure, creating new subsidiaries for Niger and Kogi states to adapt to Nigeria’s decentralized electricity market, Read more… Read more…

Gombe, Commission Roll Out Interventions For Dam-host Communities
The National Hydroelectric Power Producing Areas Development Commission (N-HYPPADEC) has reaffirmed its commitment to addressing ecological challenges and improving livelihoods in hydroelectric power–producing communities in Gombe State. Read more…

RMB advises Helios Investment Partners on Axxela exit plan
Rand Merchant Bank (RMB) has acted as Exclusive Financial Adviser to Helios Investment Partners on the completed sale of its 75 per cent equity interest in Axxela Limited to BlueCore Gas InfraCo Limited. Read more…

Over 4,600 tricycles, 100,000 vehicles run on CNG in Nigeria – Official
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles says over 4,600 tricycles and 100,000 vehicles in Nigeria now use CNG as an alternative or complementary fuel. Read more…

Obat Oil plans 200 retail stations nationwide – GMD
In a conversation with DARE OLAWIN, Obat Oil’s Group Managing Director, Akinfemiwa Akinruntan, discusses the company’s strategic advantages, operational improvements, Read more…

Petrol war: Importers outpace domestic refineries with 62% supply in 2025
Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for 62.47 per cent of the country’s total Premium Motor Spirit consumption, The PUNCH reports. Read more…

Ogidigben Gas Industrial Park secures $24.6bn Chinese deal
The Ogidigben Gas Revolution Industrial Park (GRIP) in Delta State has emerged as the largest single recipient of construction contracts under China’s Belt and Road Initiative in 2025, Read more…

Nigeria can unlock gas potentials if reforms were executed – Falade 
Nigeria’s vast gas reserves, long overshadowed by the country’s oil industry, are finally drawing investor interest, but their commercial potential will depend on the execution of recent reforms, Read more…

How Venezuela’s Oil Comeback Would Undermine Global Climate Goals
Following the United States unilateral intervention in Venezuela at the beginning of January, President Trump has discussed the potential for exploiting the South American country’s vast oil reserves. Read more…

U.S. Intervention in Venezuela Has Shored Up Guyana’s Oil Ambitions
Oil production in South America’s Guyana has gone from strength to strength in recent years, as international oil majors develop several new oil-producing regions. Read more…

Oil’s Problem Isn’t Iran or Russia — It’s Too Much Oil
Crude oil prices are in retreat after rising on the possibility of U.S. strikes on Iran. Before the retreat, however, Brent crude and WTI had jumped to the highest in months, countering bearish forecasts for the year— Read more…

Cuba’s Energy Crisis Will Worsen Without Venezuelan Oil
Cuba has been experiencing a worsening energy crisis for several years, which has led it to rely heavily on Venezuela for its fuel. Following the United States’ intervention in Venezuela earlier this month, Read more…

Inside Brazil’s Race to Secure Gas Supply
TAG is the gas transmission operator responsible for the main transport corridor connecting Cabiunas, Brazil (Point I), the biggest gas injection point in the country, located from Rio de Janeiro to Ceara (Point O). Read more…

China’s Coal and Gas Power Output Falls for the First Time in a Decade
Power generation from coal and gas-fired plants in China last year went down for the first time in a decade, driven lower by alternative energy sources such as wind and solar, official data revealed today, as reported by Reuters. Read more…