Upstream

U.S. President Donald Trump signed an executive order on Monday repealing former President Joe Biden’s efforts to block oil drilling in the Arctic and along large areas off the U.S. coasts, according to the White House. Biden this month banned new offshore oil and gas development along most U.S. coastlines ahead of Trump taking office. Biden’s move had been considered ...

Seplat Energy Plc, Nigeria’s leading indigenous oil and gas producer, has expressed its commitment to partnering with the Akwa Ibom State Government for sustainable development. This was disclosed during a courtesy visit to the State Governor, His Excellency, Pastor Umo Eno, by a Seplat delegation led by the Board Chairman, Senator Udo Udoma, in Uyo. The Seplat delegation used the ...

Nigeria has reclaimed its position as Africa’s leading oil upstream investment destination, overtaking Angola despite the latter’s continued investment in major deepwater developments. Data sourced from Wood Mackenzie, Nigeria topped the continent’s upstream capital expenditure (capex) rankings in 2024, driven by a series of incremental deepwater projects and sustained activity in its rich offshore basins. The country outpaced Angola, which ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) reports that the fire incident at its Buguma Wellhead 008, operated by its subsidiary, NNPC Eighteen Operating Ltd (NEOL), was directly caused by the activities of pipeline vandals attempting to compromise the Christmas Tree and steal crude oil. This unfortunate act of sabotage, which also resulted in severe damage to the well’s back pressure valve, reflects ...

Indigenous energy giant, Seplat has made significant progress towards aligning its production strategy after gainfully increasing asset acquisition and eying crude oil production expansion in the next six months. Seplat is building on new strategic development projects to double its crude oil production capacity within six months after moving in to fill the gap following ExxonMobil’s retreat from Nigeria’s onshore ...

The Democratic Front (TDF) says the announcement of a $5 billion Bonga North Deep Offshore Field Final Investment Decision (FID) by Shell is a sign that Nigeria remains an investment-friendly destination. In a statement signed by its Chairman, Malam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, TDF noted that the investment was an indication that International Oil Companies (IOCs) still ...

The Nigerian National Petroleum Company Limited (NNPC Ltd), under the leadership of Mele Kyari, has introduced the Production Monitoring Command Centre (PMCC) as a transformative step in hydrocarbon operations. This initiative, driven by NNPC Upstream Investment Management Services (NUIMS), builds on the success of the Command and Control Centre to enhance monitoring, operational efficiency, and production within the oil and ...

A consortium led by Saipem and two Nigerian companies has clinched offshore contracts worth $1 billion for Shell’s Bonga North deepwater oil and gas project. The development is part of Shell Nigeria Exploration and Production Company Limited’s (SNEPCo) continued efforts to bolster Nigeria’s energy sector. The contract entails the Engineering, Procurement, Construction, and Installation (EPCI) of risers, flowlines, subsea umbilicals, ...

…….by Ben Ndubuwa…. The energy sector in Nigeria is witnessing a transformative shift, driven by proactive government policies and investments aimed at bolstering national economic growth. Recent developments highlight the growing optimism within the industry, with major players such as Shell Nigeria making substantial commitments to expand production. In a significant move, Shell Nigeria Exploration and Production Company Limited (SNEPCo) ...

The 2024 oil licensing bid round in Nigeria has concluded with significant shifts in the oil industry, highlighted by the absence of major international oil companies (IOCs) in the bidding process. This year’s bid round has been described as a landmark event, marking a clear departure from previous years when IOCs were at the forefront, especially in bidding for deepwater ...