Category: Oil and Gas

SEO Riders: – SPE praises Shell $5bn Bonga North FID – Nigeria deep-water energy investment praised – Petroleum engineers endorse Shell Bonga North funding At the 2025 SPE Nigeria Annual International Conference and Exhibition (NAICE) in Lagos on August 5, the Society of Petroleum Engineers (SPE) lauded Shell’s $5 billion Final Investment Decision (FID) on the Bonga…

SEO Riders: – International investment accelerates Africa gas growth – Africa natural gas infrastructure expansion – Global partnerships unlocking African gas potential Africa’s gas industry is gaining traction through a wave of international partnerships that are transforming the sector’s trajectory. Global investors and energy firms are channeling capital into exploration, production, and infrastructure projects—especially in…

SEO Riders: – NUPRC and NNPC sustainable energy strategy – Nigeria upstream decarbonisation plans – NNPC leadership calls for Africa-led energy transition At the 48th Nigeria Annual International Conference and Exhibition on August 4, 2025, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reaffirmed its mandate to drive innovation across the upstream oil and gas sector,…

SEO Riders: – NOGASA warns Dangote’s direct supply model risks destabilizing Nigeria’s fuel distribution network. – Marketers cite threats to over 50,000 fuel outlets and thousands of downstream jobs. – Calls for compliance with Petroleum Industry Act and sustainable engagement with independent marketers. At its recent Annual General Meeting in Abuja, the Natural Oil and…

SEO Riders: – Chevron denies involvement in recent oil spill allegations in Bayelsa and Ilaje regions. – Company emphasises compliance, JIV protocols, and collaboration with NOSDRA and DPR. – Stakeholders demand transparent investigation as environmental groups decry persistent oil pollution. Chevron Nigeria Limited (CNL) has unequivocally denied responsibility for recent oil spill allegations, including claims…

SEO Riders: – Highlights that tariff system fails to cover industry costs, fuelling ₦1.1 trillion subsidies and growing sector debt. – Advocates cost-reflective tariffs to restore liquidity, attract investment, and ensure power-sector sustainability. At the Orient News Nigeria 2025 Conference held in Lagos on July 24, Prof. Barth Nnaji, Chairman of Geometric Power, called on…

SEO Riders: – Dangote refinery importing millions of barrels of U.S. WTI crude monthly, relying on foreign feedstock due to domestic shortages. – Nigeria potentially losing billions annually to imported substandard fuel amid supply gaps and rising imports. – Transition plan underway: refinery aims to shift to 100% domestic crude by end of 2025. Dangote…

SEO Riders: – The Green Connection denounces EIA approval for Shell’s 300 km‑offshore Northern Cape Ultra Deep project. – Coastal fishers and civil society warn of threats to marine ecosystems, livelihoods, and cultural heritage. – Activists argue new gas drilling undermines climate targets, pointing to methane’s high warming potential. In July 2025, South Africa’s Department of…

SEO Riders: – Minister Adelabu pledges full cost-reflective tariffs and sector debt resolution. – Reforms include grid expansion, corporate governance overhaul, and green energy integration. Nigeria’s Power Minister, Adebayo Adelabu, reaffirmed the Federal Government’s commitment to transforming the power sector through deep reforms aimed at achieving sustainability and bankability. At a Mission 300 stakeholder meeting in…

SEO Riders: – Draft bill designates hydrogen pipelines and storage as “overriding public interest” to fast-track development. – €19–24 bn core network across ~9,000 km by 2032 backed by KfW support & federal amortisation fund. – Fixed tariffs, capped fees, and infrastructure financing aim to enable industrial decarbonisation and cross-border imports. Germany’s Economy Ministry has unveiled a…