The Managing Director of Platform Petroleum, Engr. John Anim, has underscored the urgent need for Africa to build a self-sufficient and sustainable energy future. In his speech titled “Achieving African Energy Security – The Critical Role of Cross-Sector Collaboration,” during the Upstream E&P Forum session at the African Energy Week (AEW 2024) in Cape Town, […]

Nigerian multinational energy company Oando is targeting a production of 100,000 barrels per day (bpd) by 2028, following its landmark acquisition of Eni’s Nigerian Agip Oil Company (NAOC) earlier this year. The announcement, along with the company’s future expansion plans and role in Nigeria’s energy transition, was shared during an exclusive Fireside Chat at the […]

As part of the strategies to increase Nigeria’s crude oil production and enhance revenue accruing to the national treasury, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated for a week in each year to be dedicated to signing final investment decisions (FIDs) on new oil and gas projects. The Executive Secretary, NCDMB, Engr. […]

A multi-million dollar pipe threading and valve assembly facility built by Bell Oil & Gas was commissioned on Tuesday at Lekki Free Zone, Lagos State by the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe and the Governor of Lagos State, Mr. Babajide Sanwo-Olu. Speaking at the event, the Executive […]

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed Petroleum Mining Lease 52 (PML 52), containing the Agbami field, for a period of 20 years effective from November 24, 2024. The disclosure was made by Africa Oil as following its recent press release. The Nigerian Upstream Petroleum Regulatory Commission has also given clearance for the amalgamation […]

The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments, and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling Business Environment Council (PEBEC). In the ‘2024 Half Year Transparency and Efficiency Compliance Report (January 2024-June 2024),’ released on Tuesday […]

The Federal Government of Nigeria through the Minister of State for Petroleum Gas has reiterated its commitment towards deepening the natural gas infrastructural development and utilization in the country. The current stride to achieve this aspirational economic goal is coming from the plan to establish 650MW gas Powered Plant in the Ibom Solutions Gas Hub, […]

…Celebrates Three Years Of Transformation And Innovation Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially unveiled the Commission’s initiative project to increase Nigerian crude oil production by an additional one million barrels per day (1mbpd) within a short-term period. The project launching event, recently held in Abuja, Nigeria, was attended by the crème de la […]

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) on Thursday signed a Memorandum of Understanding (MOU) to implement the NCDMB-UBEC Smart Schools Development Initiative (NUSSDI). The MoU will enable the provision of educational infrastructure, particularly in areas with high rates of out-of-school children as well as underserved rural […]

In a bid to scale up investment in the Nigerian upstream sector, French Exploration and Production giant TotalEnergies EP has reiterated the company’s commitment to boost the nation’s crude oil production output through fresh investment in the Bonga North Offshore project and others.   The company’s President EP TotalEnergies made this latest investment disclosure, Mr. […]