Category: Oil & Gas

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

ADEOLA YUSUF

    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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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

ADEOLA YUSUF

  “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

ADEOLA YUSUF

  . 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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NCDMB Promotes Obinna Ezeobi PhD Ag. GM Corporate Communication

ADEOLA YUSUF

  ‘Profile: The Rise And Rise of Ezeobi, Energy Communication Scholar, And Foundation Staff At NCDMB’s Corporate Communications Department Since May 2010′   The Nigerian Content Development and Monitoring Board (NCDMB) has announced the promotion of Obinna Ezeobi, Ph.D. as the acting general manager, Corporate Communications Division. Platforms Africa, which exclusively gathered this, reported that Ezeobi’s promotion was announced in a letter in Wednesday, May 7, 2025, as a part of the move to build on the achievements by the board in the area of strategic communication. His predecessor, Esueme…

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I’ll Fight Oil Traders, Marketers Frustrating Tinubu’s Reforms – Dangote

ADEOLA YUSUF

President of Dangote Group, Aliko Dangote, said he would fight to a standstill some major oil marketers and traders who were bent on frustrating the efforts on President Tinubu in revamping the nation’s economy. Dangote,who said this during his visit to President Tinubu gave the clarification on the heels of his earlier statement to fight the cabal in the oil sector in order to guarantee the survival of his $20bn refinery. He said his statement was not in any way connected to the new leadership of the Nigerian National Petroleum…

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N80bn Found In P’Harcourt, Warri, Kaduna Refineries MDs’ Bank Accounts

ADEOLA YUSUF

. Lies uncovered As EFCC deepens probe of Kyari, 13 senior ex-NNPCL officials In $3bn refinery fraud   The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation is $2,956,872,622.36. Findings by Saturday PUNCH showed that the EFCC is probing the sum of $1,559,239,084.36 allocated…

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Nigeria Headlines World Gas Conference As Gas Minister Leads NGA, Country Delegations To Beijing

ADEOLA YUSUF

The Nigerian Gas Association (NGA) has confirmed that Nigeria’s presence at the World Gas Conference (WGC) 2025 would be headlined by strong government and energy industry leaders. Leading the strong Nigeriadelegationon to the triennial event that hosts the world’s largest gathering of gas experts and policymakers is the Honourable Minister of State for Petroleum Resources (Gas), H.E., Rt. Hon. Ekperikpe Ekpo, PhD. He would also join global energy thought leaders as a distinguished speaker at the world event. Accompanying the Honourable Minister are Engr Farouk Ahmed, Chief Executive of the…

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NOG Energy Week 2025: Driving Africa’s Energy Future Through Investment, Innovation, Global Partnerships

ADEOLA YUSUF

As the world navigates a rapidly evolving energy landscape, NOG Energy Week 2025 will convene world leaders, policymakers, and industry stakeholders to explore pathways for accelerating global energy progress through investment, partnerships, and innovation serving as a catalyst for discussions on energy security, economic resilience, and sustainable growth in Africa and beyond. Recent remarks from the United States Secretary of Energy, Chris Wright, have sparked renewed conversations about Africa’s energy future. Wright underscored the urgency of pragmatic energy policies that balance economic growth with environmental considerations, emphasising the importance of…

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