Category: Energy

1.8mbopd OPEC Quota; Nigeria Demands Human Capacity Devt Revamp From 54 Producers

ADEOLA YUSUF

  . ‘Aspiration to Execution,’ NCDMB’s Executive Secretary Gives Updates On Local Content Milestones At NOGOF 2025   Nigeria has demanded the revamp of human capacity development (HCD) by the 54 producers in the country to actualise the production aspiration incluing the 1.8 million barrels per day oil production quota given to the country by the Organisation of Petroleum Exporting Countries (OPEC). The Executive Secretary of the Nigeria Content Development and Monitoring Board (NCDMB), Engineer Felix Omatsola Ogbe, who said this in an address at the 2025 Nigeria Oil and…

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‘If Nigerian Content Fails, Africa Fails,’ Oil Minister Declares At NOGOF

Efe Wellington

. Says Youths not just the future but also already in the driver’s seat   Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has reaffirmed the Nigerian Government’s commitment to leveraging local content as a strategic tool for industrialization, innovation, and inclusive economic growth in Nigeria. Platforms Africa reports that Lokpobiri made this declaration while delivering his keynote address at the 2025 Nigerian Oil and Gas Opportunity Fair (NOGOF), ongoing in Yenagoa, Bayelsa State. The Minister stated that the Nigerian Content Development and Monitoring Board (NCDMB), has transitioned…

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‘7,000 Policymakers, Professionals From Over 85 Countries;’ Preps Heightened For NOG Energy Week 2025

ADEOLA YUSUF

  “Confab To Convene Global Energy Leaders In Nigeria To Advance Investment, Innovation, And Energy Security,” What Wemimo Oyelana wants oil industry stakeholders to know about Nigeria’s flagship oil and gas confab   7,000 oil industry leaders, policymakers, and professionals from over 85 countries have been confirmed for the NOG Energy Week 2025. This came as preparations were heightened for the conference airmed at Convening Global Energy Leaders In Nigeria To Advance Investment, Innovation, And Energy Security. “As the largest energy gathering in Sub-Saharan Africa, NOG Energy Week will bring…

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Electricity Subsidy Balloons Govt’s Debts To N800bn – Senate

Ganiyu Amodu

The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month. The committee disclosed that since this year, the government has not paid the power producers, and that this has raised the debt to about N800bn. The Chairman of the Committee, Senator Enyinnaya Abaribe, disclosed this while fielding questions from journalists during a retreat held in Ikot-Ekpene, Akwa Ibom State, on Saturday. The…

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Politics, Petroleum, and the Perpetual Northern Basin Search, By Wumi Iledare

Wunmi Iledare

    As Nigeria inches closer to the 2027 general elections, familiar patterns are beginning to emerge — not least of which is the renewed spotlight on oil and gas exploration in the Northern Basins. It is a recurring ritual, timed with uncanny precision to coincide with electoral cycles. The narrative is almost always the same: “historic discovery,” “untapped reserves,” and the promise of economic transformation. But a closer look reveals that these announcements often lack technical depth and regulatory backing. Under the Petroleum Industry Act (PIA), the Minister of…

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‘NOGIC Pathfinder,’ Jonathan Receives Book on Local Content Strategic Communication

Damilola Olonade

    . The ex-president and the Symbolism of presenting to him copies of the book on local content, a brainchild of NOGIC Act he signed into law in 2010 +What to Know About the 267-Page Book Authored By NCDMB’s Spokesperson, Obinna Ezeobi, Ph.D     Former President Goodluck Jonathan was on Thursday presented with copies of the trending book “Nigeria’s Local Content: A Journey of Strategic Communication and Economic Transformation, written by Dr Obinna Ezeobi. Platforms Africa reports that Ezeobi authored the book before his promotion by the board…

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Nigeria’s Renaissance Energy Halts Production On One Line Of Trans Niger Oil Pipeline

Ganiyu Amodu

Nigerian oil firm Renaissance Energy has halted production on one line feeding into the Trans Niger oil pipeline, a major oil artery transporting crude from onshore oilfields to the Bonny export terminal, following an operational incident, it said on Friday. An environmental rights group said on Thursday that the pipeline burst on May 6 and spilled oil into the local B-Dere community in Ogoniland, the second such incident affecting the pipeline in two months. The halted pipeline goes through B-Dere community to join the Trans Niger Pipeline. Nigerian oil consortium…

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Foreign Oil Giants Seek Re-entry Into Nigeria’s Oil Market, Eye Deepwater Prospects

Ganiyu Amodu

Petrobras, Brazil’s state-controlled oil company, is actively pursuing a return to Nigeria’s oil market, focusing on frontier deepwater exploration opportunities. Petrobas’ re-entry into Nigeria’s oil market marks a significant shift from its previous divestment strategy, reflecting a renewed commitment to expanding its international presence. The development was disclosed in a post by Nigeria’s Vice President, Kashim Shettima, on X (formerly Twitter) yesterday. Shettima attributed Petrobras’ renewed interest in Nigeria to the economic reforms introduced by the Tinubu-led administration. “As the economic reforms of the administration of President take root, the…

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Why Queues Hit CNG stations in Lagos, Abuja – IPMAN Ex-Secretary

Gbenga Adeoti

  “CNG initiative stalled by poor infrastructure,” what Mike Osatuyi wants Tinubu, Nigerians to know about gas infrastructure gaps, others   A former National Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Mike Osatuyi, has drawn attention to the long queues at stations dispensing Compressed Natural Gas (CNG) in Lagos and Abuja, blaming poor infrastructure and vehicles to stations ratio for the trend. Platforms Africa reports that Osatuyi who said this in an interview with journalists pointed out that despite plans to deploy 200,000 new CNG-powered buses…

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‘1000 Delegates, Over 50 Exhibition Stands,’ NCDMB Tops NOGOF 2025 Preparation

Aliyu Aliyu

  . Exclusive project opportunity presentations by some 25 industry resource persons, insightful panel sessions, and strategic networking sessions.” What to expect at Nigeria’s Biggest Oil industry’s opportunity Fair    About 1,000 delegates are expected at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025 to be hosted by the Nigerian Content Development and Monitoring Board (NCDMB), at the Nigerian Content Tower (NCT) in Yenagoa, Bayelsa State, between May 20 and 22, 2025. Platforms Africa reports that the biennial event which offers a unique platform to present upcoming project…

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