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Nigeria has initiated its inaugural split-site PhD program in oil and gas at the College of Petroleum and Energy Studies, Kaduna. This move signifies a commitment to foster local expertise and institutional growth amidst challenges in the region.
Several African petroleum ministers have withdrawn from the Africa Energies Summit 2026 in London, protesting a perceived lack of inclusion and inadequate attention to local content in the sector. The move, backed by the African Energy Chamber, signals a significant shift in the continent's approach to international energy platforms.
The Nigerian Content Development and Monitoring Board (NCDMB) has lauded ESSO Nigeria (an ExxonMobil affiliate) on the inauguration of its new $23 million shorebase facility at the LADOL Deep Offshore Logistics Base in Lagos. NCDMB hailed the project as a significant milestone, positioning Nigeria as a key center for international oil and gas logistics.
The Attorney-General of the Federation has refuted claims made by Atiku's camp regarding the OPL 245 deal, asserting that the resolution averts a $2 billion liability and promotes Nigeria's economic growth.
The Federal Government has temporarily suspended the enforcement of helicopter landing fees for oil and gas operations for the next two months, addressing concerns from industry stakeholders.
The federal government asserts that resolving the OPL 245 dispute represents a critical shift for Nigeria's economy, bolstering its oil and gas sector and enhancing its global investment appeal. The settlement is expected to unlock numerous investment opportunities and improve fiscal stability.
The Nigeria Customs Service has confiscated 14,375 litres of Premium Motor Spirit valued at approximately N14.4 million in response to rising petrol prices across the country. This operation, carried out by Operation Whirlwind, targeted smuggled petrol originally intended for Cameroon.
The Nigerian Content Development and Monitoring Board (NCDMB) has approved 1,417 out of 1,603 requests for expatriate quotas, while rejecting 186 due to non-compliance with local content laws. The regulations aim to prioritize local employment within the oil and gas sector.
The Nigerian Navy has introduced a 326-member Marine Force focused on protecting $16.6 billion worth of offshore oil and gas investments in the Niger Delta. This specialized unit aims to enhance internal security in coastal and riverine areas.
Seplat Energy has recorded a significant revenue increase of 150.4%, reaching N4 trillion for the year 2025, despite a moderate rise in profit. The company, listed on both the Lagos and London stock exchanges, also declared dividends for the fourth quarter.
The Nigerian government has introduced the Nigeria Beyond Oil and Gas Alliance Fund Programme, a two-year project aimed at evaluating economic opportunities within the changing energy sector. This initiative seeks to promote long-term economic diversification in rural areas throughout the country.
The Federal High Court in Lagos has determined that AMNI International Petroleum Development Company is unable to fulfill a debt of $15.3 million owed to Cenroc. Consequently, a lawyer, Sam Aiboni, has been appointed as the administrator to oversee the company’s assets.
Olabode Sowunmi emphasizes the necessity for Nigeria to focus relentlessly on enhancing its local capacity in the oil and gas sector, pointing out the dangers of continued reliance on foreign expertise.
The book, 'Diary of a Link Man: Reflections on a Life of Service and Connections', offers a glimpse into Salem A. Sallam's experience in managing government relations at Nigeria Liquefied Natural Gas (NLNG). This account discusses the complexities of navigating government interactions while adhering to ethical standards.
A group of international lenders has initiated legal action against First Bank Trustees, alleging unauthorized receivership and the wrongful creation of security over Neconde's OML 42 oil asset.
