Industry News

NUPRC denies withholding frontier exploration funds from NNPCL
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has dismissed claims that it is withholding the Frontier Exploration Fund, FEF, from the Nigerian National Petroleum Company Limited, NNPCL, Read more…

Chevron targets expansion, confirms entry into 2025 bid round
Chevron Nigeria Limited has declared its intention to participate in the 2025 oil and gas licensing round, signaling renewed investment confidence in Nigeria’s upstream sector and reaffirming the country’s attractiveness to global operators. Read more…

European researchers developed energy-efficient machine vision
Drawing inspiration from human eyesight, a European research project led by VTT has developed machine vision mimicking the cooperation of the eye and nervous system, implemented as edge-computing circuits. Read more…

Nigeria expands LPG rollout, targets 5m clean-cooking homes
The Federal Government has launched the South-East phase of its Liquefied Petroleum Gas, LPG, Penetration Programme, marking the completion of nationwide rollout under President Bola Ahmed Tinubu’s Decade of Gas Agenda. Read more…

Tinubu unveils new blueprint to monetize Nigeria’s blue economy potential
President Bola Ahmed Tinubu has announced a wide-ranging security and economic framework aimed at unlocking Nigeria’s marine and aquatic wealth, Read more…

Nigeria launches power sector debt reduction programme
Nigeria has formally launched the Presidential Power Sector Debt Reduction Programme, a major financial intervention aimed at restoring liquidity and rebuilding investor confidence in the nation’s electricity supply industry. Read more…

NSC launch Enterprise Content Management System
The Nigerian Shippers’ Council, NSC, has officially unveiled its Enterprise Content Management System, ECMS, marking a milestone in the Federal Government’s drive to modernize public‑service delivery and improve the ease of doing business in Nigeria’s maritime  sector. Read more…

Stakeholders Flay Neglect of South-south Region Despite Powering Nigeria 
Stakeholders have raised fresh concerns over the environmental and economic state of the Niger Delta, describing it as the circulatory system of Nigeria’s economy that continues to suffer the harsh effects of degradation, Read more…

World anti-corruption day: Why transparency and accountability are sustainability drivers in the petroleum sector
On Tuesday, December 9, the world marked the 2025 International Anti-Corruption Day. While the theme focuses on uniting youths against corruption, Read more…

Keyamo: Ekiti Airport Marks New Era in Nigeria’s Aviation Sector
The Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has described the Ekiti Agro-Allied International Cargo Airport as a “new era of aviation development in Nigeria,” Read more…

Dangote Refinery Raises In-country Petrol Supply by 5.5m Litres Daily Amid 11.48m Deficit
The Dangote Refinery raised in-country petrol supply by about 5.5 million litres per day in November, up from 18.03 million litres in October to 23.52 million in November, despite a pledge of 35 million litres per day average, Read more…

West Africa’s Regional Body Wades Into Troubled Flagship Electricity Market Platform
The ECOWAS Commission is taking a comprehensive review of the West African Power Pool, a flagship regional electricity market platform, that is currently facing challenges on account of debts owed by national electricity companies. Read more…

DMCA Energy To Progress Energy Delivery Across Critical Industries 
A leading energy firm, DMCA Energy Nigeria Ltd has highlighted how the firm intends to establish itself beyond power generation by redefining how energy drives progress across industries. Read more…

U.S. power consumption to hit record highs in 2025 and 2026, says EIA
U.S. power consumption is projected to reach record levels in the next two years, according to the Energy Information Administration’s short-term energy outlook released Tuesday. Read more…

Minister woos investors with $50m lithium processing plant, others 
THE Minister of Solid Minerals Development, Dr. Dele Alake, yesterday, wooed investors in London, United Kingdom, UK, with a $50 million lithium processing plant along with seamless transfer of profits and duty waiver on imported mining machinery, and other  incentives. Read more…

Domestic supply of Premium Motor Spirit (PMS), commonly known as petrol, rose by 37.7 percent in November 2025 to 23.52 million litres per day, up from 17.08 million litres per day in October, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Read more…

Oil settles higher after US seizes tanker off Venezuela’s coast – Reuters
Oil prices settled higher on Wednesday after officials said the U.S. seized an oil tanker off the coast of Venezuela, adding to concerns about immediate supplies. Read more…

Nigeria’s November Petrol Supply: Imports Still Dominant Despite Dangote Ramp-up
Nigeria’s petrol market saw a notable increase in supply in November 2025, but imported fuel remained the backbone of national availability even as Dangote Petroleum Refinery stepped up deliveries. Read more…

Shell Nears $3 Billion Deal to Acquire LLOG Exploration, Boosting Gulf of Mexico Portfolio
Shell is in advanced negotiations to acquire LLOG Exploration Offshore in a transaction valued at more than $3 billion, a move that would significantly expand the oil major’s upstream footprint in the U.S. Gulf of Mexico. Read more…

TotalEnergies Takes Charge of Namibia’s Biggest Offshore Oil Finds in Strategic Deal with Galp
TotalEnergies has moved to solidify its leadership in one of Africa’s most promising new oil frontiers after signing a landmark agreement with Portuguese energy firm Galp Read more…

IEA lowers 2026 oil glut forecast for first time since May
The International Energy Agency trimmed its forecast of next year’s global oil supply glut for the first time since May on Thursday, flagging higher demand prospects due to a stronger world economy and lower supply from nations under sanctions. Read more…

South Sudan says its troops are guarding strategic Heglig oil field in Sudan
South Sudan has sent its troops to neighbouring Sudan to guard the strategic Heglig oil field near the border, its military head said on Thursday, days after the paramilitary Rapid Support Forces (RSF) took control of it. Read more…

Singapore’s Sembcorp to acquire two Australian energy firms
Sembcorp Industries (SCIL.SI), opens new tab will buy two Australian energy entities for an enterprise value of A$6.5 billion ($4.32 billion), giving it control of integrated energy firm Alinta Energy, Read more…

Italy’s Snam tightens grip on LNG terminal as liquefied gas imports rise
Italy’s Snam (SRG.MI), opens new tab will buy a 48.2% stake in the liquefied natural gas terminal offshore the Tuscan city of Livorno, tightening its grip on key infrastructure to import the superchilled fuel, Read more…