Highlights of the 2025 Budget of Restoration: Securing Peace, Rebuilding Prosperity President Bola Ahmed Tinubu earlier today presented Nigeria’s N49.8 trillion 2025 budget, marking a 35% increase from the 2024 budget of N28 trillion. The budget, dubbed the “Budget of…
Aradel Holdings Acquires 5.14 Percent Stake in Chappal Energies Mauritius
Aradel Holdings Plc (“Aradel” or the Company) has announced its decision to acquire a 5.14% equity stake in Chappal Energies Mauritius Limited (“Chappal”), an energy company focused on investments in deep value and brownfield upstream opportunities across Africa. This strategic…
PETAN Pays Tribute to Dedicated Supporters – Marks 30th Anniversary
The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector.…
Oriental Energy Resources Inaugurates $315 Million FPSO – Signifying Landmark Achievement for Nigeria’s Energy Industry
Nigeria’s energy sector has reached a new milestone with the inauguration of a $315 million Floating Production Storage and Offloading (FPSO) vessel. The inauguration, which took place at Drydocks World in Dubai, was attended by Vice President Kashim Shettima, who…
50MW MEPP Fully Operational in 2025 – Minister of State for Gas Lauds NNPCL for Achievement
The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has commended NNPC Ltd. for successfully implementing the vision of the President by delivering impactful initiatives like the Maiduguri Emergency Power Project (MEPP). The Minister made this…
UK Issues First-Ever Carbon Storage Permit
The UK government has issued the country’s first-ever carbon storage permit to a group led by BP, the North Sea Transition Authority (NSTA) said on Tuesday. The permit was issued to the Northern Endurance Partnership (NEP), which comprises BP (45%),…
Egbin Power Re-affirms Commitment to SDG 3 with Annual Medical Outreach
L-R: Team member, Live Well Initiative, Pharmacist, Olukoya Taiwo;Community Liaison Officer (CLO), Ipakan Community, Tajudeen Yinusa; Head, Corporate Communications & Branding, Egbin Power, Felix Ofulue; Managing Director, Live Well Initiative, Dr. Bisi Bright, and Brand, Events & CSR Specialist, Egbin Power,…
TotalEnergies completes acquisition of Malaysia’s SapuraOMV
TotalEnergies said on Tuesday it has finalised its acquisition of Malaysia’s SapuraOMV, first announced earlier this year. In April, the company unveiled a USD 530-million agreement with Sapura Upstream Assets to acquire its 50% stake in SapuraOMV. The deal follows…
Africa Needs $200bn Annually to Achieve Energy and Climate Goals – NLNG MD
The Managing Director of the Nigeria Liquified Natural Gas Ltd (NLNG), Philip Mshelbila has highlighted Africa’s need for a minimum of $200 Billion in annual investments to meet its energy and climate goals. The NLNG Boss, who spoke at a…
NMDPRA To Review 0.5% Gas Infrastructure Fund for PIA Compliance Amid Stakeholder Concerns
* To Halt Gas Supply To GENCOS Over N2trillion Debt The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to reassess the 0.5% levy associated with the Midstream Downstream Gas Infrastructure Fund (MDGIF) to ensure compliance with…
