Tag: #EnergyTransition
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NNPC POSTS N60.5TRN REVENUE, N5.7TRN PROFIT IN 2025
Despite operational hiccups, Nigeria’s oil giant stays profitable. The Nigerian National Petroleum Company Limited has announced N60.5 trillion in revenue and N5.76 trillion profit after tax for 2025, according to its December report. Average crude oil output was 1.54 million barrels per day, while natural gas production averaged 6,914 mmscfd, peaking mid-year at over 7,500…
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FG EYES 10BSCFD GAS PRODUCTION BY 2030
Nigeria ramps up gas output to power industrial growth, energy security, and economic prosperity. At the Nigeria International Energy Summit 2026 in Abuja, Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, revealed that Nigeria is targeting 10 billion standard cubic feet per day (BSCFD) of gas production by 2030, with domestic supply already…
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FG PUSHES PERFORMANCE-DRIVEN LOCAL CONTENT FOR AFRICA’S GAS BOOM
From box-ticking to real industrial power — Nigeria wants local content that delivers jobs, tech and global competitiveness. The Federal Government is calling for a major rethink of Africa’s local content strategy, urging a shift from compliance-based rules to performance-driven frameworks that can truly power industrial growth in the gas sector. Speaking at the 2026…
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ADIPEC 2025 IN ABU DHABI UNITES GLOBAL ENERGY LEADERS FOR INTELLIGENT IMPACT
Energy leaders, policymakers, investors, and innovators have gathered in Abu Dhabi, UAE, for the 41st Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s largest energy event. Running from November 3 to 6 at the Abu Dhabi National Exhibition Centre, this year’s conference, themed “Energy. Intelligence. Impact,” focuses on decarbonisation, artificial intelligence, and local…
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SHELL TAKES BIG STEP WITH FINAL INVESTMENT IN NIGERIA OFFSHORE GAS PROJECT
Shell Nigeria Exploration and Production Company Limited (SNEPCo), together with Sunlink Energies, has greenlit the HI gas project offshore Nigeria, aiming to supply 350 million standard cubic feet of gas daily to Nigeria LNG before the decade ends. This move reinforces Shell’s commitment to Nigeria’s energy future, bolstering its Integrated Gas portfolio and supporting Nigeria’s…
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NIGERIA POWER SECTOR EXPERTS APPLAUD NEW ELECTRICITY ACT
The Electricity Act promises more power, private investment, and state empowerment. Nigeria’s 65th Independence Day also marks a turning point in the power sector, as stakeholders celebrate the transformative Electricity Act. The Act liberalizes power generation and distribution, empowering states to regulate electricity and encouraging private sector growth, boosting stability and affordability. Industry leaders commend…
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UN CLIMATE CHIEF CALLS FOR ACCELERATED CLEAN ENERGY ACTION IN DECADE OF DELIVERY
Tenfold surge in clean energy investment signals hope, but faster, fairer progress is crucial. UN Climate Exec Secretary Simon Stiell highlights $2 trillion clean energy growth since Paris Agreement but warns benefits remain uneven. He urges nations to ramp up implementation, leveraging technology like AI and clean industry to create jobs and resilience. Stiell stresses…
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NNPCL AIMS FOR $60BN INVESTMENT TO EXPAND NIGERIA’S GAS INFRASTRUCTURE
Nigeria targets major gas expansion to boost industrialisation and cement its role in global energy. NNPCL CEO Bayo Ojulari announced plans to attract $60 billion in investment over the next 5-7 years to scale natural gas production to 12 billion cubic feet per day and increase refinery capacity. Key projects include the AKK pipeline, LNG…
