March 25, 2026
Facebook Twitter Linkedin
AEW 2024

Oil & Gas

Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse

Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse

Leave a Comment / Business, Oil & Gas /

Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse The 3rd Namibia Oil and Gas Conference (NOGC 2025), themed “From Exploration to Action – Positioning Namibia as the Next Energy Frontier,” runs from 12–15 August in Windhoek. With Namibia emerging as a rising force in Africa’s energy landscape, the event is set to attract global industry leaders, […]

Namibia Sets the Stage to Become Africa’s Next Energy Powerhouse Read More »

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025

Leave a Comment / Business, Oil & Gas /

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025 The Society of Petroleum Engineers (SPE) Nigeria Council is proud to announce its flagship 48th Nigeria Annual International Conference and Exhibition (NAICE) under the theme: “Building a Sustainable Energy Future: Leveraging Technology, Supply Chain, Human Resources, and Policy”. NAICE 2025 will take

SPE Nigeria Council to champion a tech-driven, inclusive energy future at NAICE 2025 Read More »

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually ...To Lift 42 Million MSMEs ...Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save Nigerians more than ₦1.7 trillion annually in logistics and fuel distribution costs. The privately-owned refinery is set to absorb over ₦1.07 trillion each year in fuel distribution expenses, drastically reducing operational costs for over 42 million Micro, Small, and Medium Enterprises (MSMEs). The move is expected to lower pump prices, reduce inflation, and increase profitability for businesses across Nigeria. Starting August 15, Dangote will begin direct delivery of petrol and diesel to filling stations, industrial sites, and other high-volume consumers. This eliminates intermediaries and transportation bottlenecks, a move that experts say could transform the energy supply chain. According to the refinery, its production capacity will meet Nigeria’s daily consumption of 65 million litres of refined petroleum products — including 45 million litres of PMS, 15 million litres of diesel, and 5 million litres of aviation fuel. With logistics costs averaging ₦45 per litre, the cost-saving impact of free distribution is estimated at ₦1.07 trillion annually. The investment includes not only the CNG trucks but also a network of nationwide ‘mother and daughter’ CNG stations and related infrastructure. A Strategic Shift for Nigeria’s Economy Dangote Group’s intervention aligns with its broader commitment to: Eliminate logistics inefficiencies Promote energy sustainability Support MSME growth Revive dormant filling stations and stimulate job creation The initiative is expected to create over 15,000 direct jobs within the logistics chain — including drivers, station managers, and CNG station attendants. Additionally, the direct-to-retail delivery system is set to curb petroleum product smuggling, ensuring a more secure and environmentally friendly distribution framework. Presidential and Industry Endorsements The Presidency has praised the initiative as a pivotal step in transitioning Nigeria toward gas-powered transportation. Tosin Coker, Commercial Coordinator of the Presidential CNG Initiative (PCNGI), called it a “milestone achievement,” highlighting the scale and strategic value of the move. “It signals that CNG is no longer a distant goal but a practical, current solution,” he stated. Similarly, the Independent Petroleum Marketers Association of Nigeria (IPMAN) welcomed the development. According to Chinedu Ukadike, National Publicity Secretary, the initiative addresses a long-standing challenge in Nigeria’s downstream sector: “For years, we've relied on costly transport from coastal depots due to non-functional pipelines. Dangote’s direct delivery will ease this burden immensely.” Expert Reactions Prof. Ken Ife, a development economist, noted that the initiative would help bring down the price of PMS, with ripple effects on other sectors. Bismarck Rewane, CEO of Financial Derivatives Company, dismissed monopoly fears, instead applauding the elimination of middlemen and the provision of credit facilities at the retail level. “Middlemen extract margins without adding value. Dangote is investing, distributing, and offering credit — a game-changer,” Rewane remarked. Kelvin Emmanuel, energy expert and co-founder of Dairy Hills, described the absorption of logistics costs as a turning point that would allow citizens to truly benefit from local refining. Ibukun Phillips, an energy analyst, called the move revolutionary, especially in its potential to improve access and affordability in rural communities: “Rural consumers stand to benefit greatly. This could revive abandoned filling stations and ensure fairer, more equitable distribution.”

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually

Leave a Comment / Oil & Gas, News /

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually …To Lift 42 Million MSMEs …Presidency, IPMAN, Experts Hail Bold Move Dangote Petroleum Refinery has announced a landmark investment of over ₦720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide distribution of petroleum products. This initiative is projected to save

Dangote’s N720bn CNG Truck Investment to Save Nigerians N1.7trn Annually Read More »

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments

Leave a Comment / Oil & Gas /

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has reaffirmed its commitment to supporting Nigerian businesses, encouraging them to seize expanding opportunities in offshore and shallow water oil and gas projects. Unlocking Potential in Deepwater Projects Speaking at the 5th Nigerian Oil and Gas

Shell Foresees Bright Future for Nigerian Companies in Offshore Oil Developments Read More »

L-R: Adviser, Community Relations, NNPC Upstream Investment Management Services (NUIMS), Usman Mohammed; Head, Social Investment and Performance , Shell Nigeria Exploration and Production Company Limited (SNEPCo) Elohor Abu ; SNEPCo’s Health Manager and Transformation, Dr. Ajike Oladoyin; Deputy Manager, External Relations, Edith Lawson and Dr. Benjamin Olowojebutu during the donation.

NNPC-SNEPCo donates medical equipment to support medical surgeries in Nigeria

Leave a Comment / Oil & Gas /

NNPC-SNEPCo donates medical equipment to support medical surgeries in Nigeria   The Nigeria National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) today donated medical equipment to the Benjamin Olowojebutu Foundation (BOF) to enhance healthcare outreach in underserved communities across Nigeria’s  South-West, North-Central, and South-South regions. This initiative will enable

NNPC-SNEPCo donates medical equipment to support medical surgeries in Nigeria Read More »

How NUPRC’s professionalism, transparency, others drive Nigeria’s 2024 oil licensing round

How NUPRC’s professionalism, transparency, others drive Nigeria’s 2024 oil licensing round

Leave a Comment / Oil & Gas /

How NUPRC’s professionalism, transparency, others drive Nigeria’s 2024 oil licensing round By Mohammed Musa There were indications that the just-concluded Nigeria’s 2024 Oil Licensing Round, organized by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, regulator of the upstream petroleum sector, was very successful. The reasons were not farfetched. First, the exercise, which took place at

How NUPRC’s professionalism, transparency, others drive Nigeria’s 2024 oil licensing round Read More »

NUPRC issues regulation to promote energy sustainability in oil, gas industry

NUPRC issues regulation to promote energy sustainability in oil, gas industry

Leave a Comment / Oil & Gas /

NUPRC issues regulation to promote energy sustainability in oil, gas industry   THE Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has issued the Upstream Petroleum Decarbonisation Template (UPDT), targeted at promoting energy sustainability and environmental stewardship in the upstream sector of Nigeria’s oil and gas industry. The Commission said the “UPDT aligns the upstream petroleum industry

NUPRC issues regulation to promote energy sustainability in oil, gas industry Read More »

Nigeria’s oil output rises 13% to 1.7m bpd as NUPRC initiatives yield fruits

Nigeria’s oil output rises 13% to 1.7m bpd as NUPRC initiatives yield fruits

Leave a Comment / Oil & Gas /

Nigeria’s oil output rises 13% to 1.7m bpd as NUPRC initiatives yield fruits By Ibrahim Musa There are indications that the innovative initiatives of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, have continued to bear fruits as the nation’s oil output, including Condensate increased year-on-year, YoY, by 13.3 per cent to 1.7 million barrels per

Nigeria’s oil output rises 13% to 1.7m bpd as NUPRC initiatives yield fruits Read More »

UTM FLNG signs Global Compact on Human Rights, Labour, Environment and Anti-Corruption

UTM FLNG signs Global Compact on Human Rights, Labour, Environment and Anti-Corruption

Leave a Comment / Oil & Gas /

UTM FLNG signs Global Compact on Human Rights, Labour, Environment and Anti-Corruption By Olakunle Salami Ahead of its projected 2.8 million tons per annum (MTPA) gas production, UTM FLNG Ltd, owner of Nigeria’s first Indigenous Floating Liquified Natural Gas (FLNG), has signed the United Nations Global Compact (UNGC) on Human Rights, Labour, Environment, and Anti-Corruption.

UTM FLNG signs Global Compact on Human Rights, Labour, Environment and Anti-Corruption Read More »

Scroll to Top