Industry News

Nigeria’s $20bn Zabazaba, Bonga Southwest projects near final investment decisions
Nigeria is positioning for a major crude oil production boost as two offshore oil projects valued at about $20 billion move closer to Final Investment Decisions, FIDs, with the potential to add 150,000 barrels per day to the country’s production capacity. Read more… Read more…

Schlumberger backs Nigeria’s energy reforms 
Global oilfield services giant, Schlumberger, has expressed confidence in Nigeria’s ongoing  oil and gas sector reforms, highlighting emerging investment opportunities and the growing attractiveness of the country’s energy industry. Read more…

Seplat Energy names Tony Elumelu Chairman in leadership transition to drive growth
Seplat Energy has announced a planned leadership transition that positions the company for its next phase of growth, while maintaining continuity in strategy, governance and execution. Read more…

Nigeria targets Europe with expanding gas infrastructure, courts global capital
Nigeria has intensified efforts to attract foreign investment into its gas sector, positioning itself as a major global gas hub and future supplier to European markets through strategic infrastructure projects and investor-friendly reforms. Read more…

Nigeria must expand gas infrastructure to unlock economic potential — SNG
Shell Nigeria Gas, SNG, has identified the expansion of gas distribution infrastructure as a critical requirement for accelerating industrial growth, deepening domestic gas utilisation and unlocking the full economic value of Nigeria’s vast natural gas resources. Read more…

Uzodimma offers investors tax holidays, 24-hour power supply
Imo State Governor, Hope Uzodimma, has intensified efforts to attract local and foreign investments, unveiling a package of incentives that includes a 10-year tax holiday for startups, elimination of multiple taxation, Read more…

NERC reviews DisCos’ metering progress, stresses zero-tolerance for regulatory violations
The Nigerian Electricity Regulatory Commission, NERC, has reinforced its zero-tolerance stance on regulatory violations in the power sector, launching a fresh review of compliance performance, Read more… Read more…

NERC unveils net billing scheme for solar power producers
The Nigerian Electricity Regulatory Commission, NERC, has commenced implementation of the Net Billing Regulations 2026, Read more..

Oil block commercial, technical bid round closes in 72 hours
The submission of technical and commercial bids for the 2025 oil licensing round will close on Friday, June 12, 2026, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), announced yesterday in a statement on its official “X” handle. Read more…

Fed Govt will make mineral sector yield more revenue than oil, says Alake
Solid Minerals Development Minister Dele Alake has said the Federal Government is poised to overhaul the solid minerals sector to make it yield more revenue to the country than the oil sector. Read more…

Senate orders Kyari’s arrest as Oshiomhole clashes with Ajiya
The Senate Public Accounts Committee (SPAC) yesterday ordered the arrest of former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over his repeated failure to honour invitations over audit queries involving trillions of naira. Read more… Read more…

Falcon’s 32 Years in Nigerian Energy Sector Signals Stability, Growth and Market Expansion
Falcon Corporation Limited, one of Nigeria’s longest-operating indigenous gas and energy infrastructure companies, is marking over three decades of unbroken operations, using the milestone not just as a moment of reflection, Read more…

‘Feedstock issues cut Dangote petrol production capacity’
The Dangote Petroleum Refinery has reduced operations at its gasoline-producing unit by about 34 per cent since May 21 due to a combination of feedstock constraints and technical issues, Read more…

NIMASA strengthens maritime security amid regional hub push
It felt like a scene from an American movie when fresh graduates of the Deep Blue Maritime Security Unit demonstrated a rescue mission involving a pirate attack vessel at Navy Town, Read more…

Stakeholders push solar generators as fuel costs rise
Renewable energy stakeholders have intensified calls for the widespread adoption of solar generators in Nigeria, describing the technology as a practical and cost-effective alternative to the millions of petrol and diesel generators powering homes and businesses across the country. Read more…

Dangote may benefit from Russia’s jet fuel export ban
The Dangote Petroleum Refinery could gain stronger positioning in the global aviation fuel market following Russia’s decision to extend its ban on jet fuel exports until 30 November 2026, Read more…

Nigeria eyes 209,000MW, $11bn solar power projects — Report
Nigeria is targeting a major expansion of its electricity generation capacity, with plans to achieve 209,000 megawatts of power generation by 2050, especially with 53 large-scale renewable solar power projects valued at about $11bn underway, Read more…

Shell attributes rising gas output to pricing reforms
Shell Nigeria Gas has attributed the growth in domestic gas production and investment to reforms that introduced clearer pricing frameworks and reduced policy uncertainty in the sector. Read more…

Heirs Energies gets recognition for $750m oil deal
Heirs Energies Limited has won international recognition after its landmark $750m dual-tranche senior secured reserve-based lending facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. Read more…

Power crisis fuels Inflation, job losses — consumer group
A consumer rights and power sector advocacy group, PowerUp Nigeria, has blamed the country’s persistent electricity crisis for rising inflation, escalating production costs, Read more…

Unreliable electricity threatens Africa’s digital future — Expert
Africa’s ambition to build a robust digital economy is being slowed by unreliable electricity supply, particularly as demand grows for edge computing, artificial intelligence, and data-driven infrastructure, Read more…

How Fake News Became the Most Dangerous Force in Energy Markets
We live in a dangerously synthetic world. Scalper-style traders reportedly generated significant profits on suspiciously timed oil trades surrounding Iran war developments in Q2. Read more…

Energy Prices Drive U.S. Inflation To Three-Year High
U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher, with the Consumer Price Index rising 0.5% from April and 4.2% from a year earlier, Read more…

Scientists Create Giant Fire Tornadoes To Clean Up Oil Spills
Oil spills are some of the most destructive forms of marine pollution known to man, thanks to their acute toxicity and ability to devastate marine habitats. Read more…