ExxonMobil’s Esso Nigeria and its OML 138 partners have launched the $1 billion Usan Infill Project, a fast-track deepwater development expected to add 40,000 barrels of oil per day and generate $1.2 billion in new revenues for Nigeria
NUPRC Issues 19 Petroleum Prospecting Licences to 12 Firms Under 2024 Bid Round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally issued Petroleum Prospecting Licences (PPLs) to successful bidders in Nigeria’s 2024 oil licensing round, completing another phase of the country’s efforts to stimulate investment in the upstream petroleum sector. The licences…
FG, REA Launch 42 Renewable Energy Projects in Adamawa, Kebbi: 30.5MW to Power 40,000 Households, 6000 Businesses Under $750m DARES Programme
Nigeria has commenced 42 renewable energy projects across Adamawa and Kebbi, delivering 30.5MW of clean electricity, backed by a $750 million DARES programme to expand electricity access, power 40,000 households, support 6,000 businesses, and reduce energy poverty.
NOG 2026: Renewables Alone Can’t Industrialise Nigeria, Seplat CEO Says; Calls for Harmonised Gas Laws and Investment Beyond $60bn
Says Nigeria cannot achieve reliable electricity or industrial transformation on renewable energy alone Nigeria must harmonise its gas sector legislation, strengthen regulatory coordination and mobilise investment well beyond the current $60 billion target if it is to fully unlock…
NNPC Signs $20bn Gas Agreements, Crude Production Hits Five-Year High as Ojulari Unveils One-Year Performance Scorecard
The Nigerian National Petroleum Company (NNPC) Limited has announced landmark gas agreements expected to unlock more than US$20 billion in investments, while Nigeria’s crude oil production has climbed to 1.71 million barrels per day (mbpd), its highest level in five…