vc.web.local

twitter Facebook linkedin acp

Top Stories

Grid List

NUPRC appoints new chief executive.

Industry

The Nigerian Upstream Petroleum Regulatory Commission announces fresh ambitions with the appointment of the new commission chief executive, Oritsemeyiwa Eyesan, who delivers clear message to advance the country’s upstream oil and gas sector in line with the Petroleum Industry Act (PIA) 2021 

While conducting her first town hall meeting with the Commission management and staff, the new executive disclosed plans to give the Commission a shake up and boost investments in the upstream sector. 

As she is giving special emphasis on production optimisation and increased gas output from Nigeria, Eyesan said, "The goal is that we must enable the industry, we are regulators. We must enable the industry from our interactions with the stakeholders, from our interactions with everybody.

“My main objective is to ensure that we make a difference. I believe the NUPRC is at the Center of the industry.”

The chief executive brings an extensive experience for more than three decades in the oil and gas sector, which she will be leveraging to increase digitalisation, transparency and efficiency in operations.

The CCE said with the support of staff and management, the NUPRC will become the gold-standard regulator in Africa. She also promised capacity development, stronger technical depth and sustained engagement with stakeholders, unions and professional teams.

On leadership style, the CCE promised an open-door policy and frequent staff engagement. Eyesan also solicited for support and cooperation as the industry embarks on the next phase of transformation.

“If we work together we can unleash opportunities, I don’t see impediments only opportunities,” she said.

 

TGS work is backed by modern seismic and aeromagnetic library. (Image source: TGS)

Geology & Geophysics

Energy intelligence firm, TGS, has extended its agreement with the Ministry of Petroleum and Mineral Resources (MOPMR) to the continued rights to market and license geophysical data covering Somalia’s offshore basins

The agreement will support TGS' vision to aid the progress of underexplored regions with its comprehensive regional data library for the evaluation of significant exploration potential. The company assures operators of the reliability of its datasets in assessing investment opportunities across numerous available offshore blocks.

In Somalia, TGS is exclusively offering valuable insights into more than 46,000-line kms of modern 2D seismic data and beyond 50,000 kms of aeromagnetic data. The data reflecting the region's geological framework and prospectivity is backed by the company's cutting-edge acquisition technology and advanced imaging solutions.

“This extension further underscores our long-term commitment to the Federal Republic of Somalia and its offshore licensing programme,” said David Hajovsky, executive vice president multi-client at TGS. “With access to our exclusive, modern seismic and aeromagnetic library we are ready to support the Ministry of Petroleum & Mineral Resources as they open up one of the world’s last frontier hydrocarbon provinces.”

 

The company will deploy technologies integrated with LOGIX automation. (Image source: Halliburton)

Technology

Nigeria's HI gas field development will be supported by Halliburton by the way of an integrated drilling services contract for Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies

The HI gas field development, which is part of OML 144, will see Halliburton's services for advancing feed gas supply to the Nigeria LNG Train 7 facility.

"This contract reflects our dedication to deliver integrated solutions that improve performance and efficiency in offshore environments. The company will deploy technologies integrated with LOGIX automation and remote operations to help improve drilling precision, efficiency, and safety in offshore operations. Our collaboration with SNEPCo and Sunlink Energies advances the HI gas field and contributes to the future of the energy industry in Nigeria," said Shannon Slocum, president, Eastern Hemisphere at Halliburton.

Halliburton’s project management team will support the drilling execution and provide integrated services to deliver end-to-end solutions. The company's advanced technology solutions combined with its strong presence in Nigeria will advance the HI Project’s operational and production goals.

 

The partnership aims to eliminate routine flaring. (Image source: Heirs Energies)

Gas

The Nigerian National Petroleum Company and Heirs Energies have signed the Gas Flare Commercialisation Agreements as part of the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks

This marks a shift from regulatory approvals to practical application, whereby flare gas volumes across OML17 will be captured and channelised for productive use, including power generation, industrial applications, LPG and CNG. 

With an aim to eliminate routine flaring, this significant cause brings together Heirs Energies, as operator of the OML 17 Joint Venture, and approved flare gas offtakers - AUT Gas, Twems Energies, Gas & Power Infrastructure Development Limited (GPID), PCCD and Africa Gas & Transport Company Limited (AGTC).

Representing NNPC while speaking at the ceremony, the chief upstream investment officer of NUIMS, Seyi Omotowa, said, “For us at NNPC Limited and NUIMS, flare gas commercialisation is not a compliance exercise; it is a strategic pathway to improving energy availability, deepening gas-based industrialisation and strengthening Nigeria’s position as a responsible energy producer. OML 17 has become a practical model of this vision, moving decisively from approval to delivery.”

Ojo Olalekan Ezekiel, Senior Manager, NUPRC, said, “This ceremony demonstrates Heirs Energies’ commitment to eliminating routine gas flaring across OML17 and aligns fully with the Commission’s Gas Flare Commercialisation Programme and national energy and emission-reduction objectives.”

“Gas sits at the heart of Nigeria’s development journey. Through disciplined investment, partnership with regulators and credible offtakers, and a clear execution focus, we are converting waste into value, strengthening domestic energy supply and supporting responsible operations across OML 17,” said Heirs Energies’ Chief Executive Officer, Osa Igiehon.

 

Major refinery projects are underway in Africa. (Image source: Adobe Stock)

Downstream

Major refining projects  are set to transform Africa’s energy landscape and boost self-suffciency

Africa is set to add 1.2mn barrels per day (bpd) of new refining capacity by 2030, representing one of the fastest downstream expansions globally, according to the newly released 2025 OPEC World Oil Outlook.

At the forefront of Africa’s refining expansion is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and is already reshaping regional fuel trade dynamics. Further developments include the 200,000-bpd Akwa Ibom Refinery, also in Nigeria, and Angola’s state-driven push to bring online the 200,000-bpd Lobito Refinery and 100,000-bpd Soyo Refinery by 2030.

Uganda’s refining ambitions are taking shape with a 60,000-bpd facility in Hoima, part of the country’s broader Lake Albert basin development plan, while modular refinery projects in Ghana, Guinea-Conakry, the Republic of Congo and additional sites in Nigeria are buiding capacity in markets where infrastructure and financing hurdles persist. In North Africa, Algeria (Hassi Messaoud), Libya (Ubari) and Egypt (Soukhna) are all advancing refinery projects aimed at capturing higher margins, improving domestic supply security and reducing dependency on imports of refined petroleum products.

According to OPEC, Africa will need over US$40bn in refining investments by 2030 to meet its mid-decade objectives, and beyond that, an additional US$60+ billion for refinery construction, modernisation and secondary processing capacity upgrades. This opens a US$100 billion investment opportunity for project developers, institutional investors, sovereign wealth funds and energy-focused private equity.

Africa’s rising domestic consumption of crude – forecast to reach 4.5 million bpd by 2050 from just 1.8 million bpd in 2024 – further underlines the need for investing in downstream infrastructure.
If the continent seizes this momentum, it can move beyond being a raw crude exporter to becoming a competitive, resilient and integrated energy producer.

The 2025 edition of African Energy Week (AEW): Invest in African Energies in Cape Town will provide a platform for governments, operators and financiers to align on next-phase refinery projects, policy incentives and deal pipelines, as countries seek to reduce costly imports and capture more value from domestic crude,

The theme for ADIPEC 2025, "Energy. Intelligence. Impact." (Image source: dmg events)

Event News

ADIPEC 2025 will take place in Abu Dhabi, UAE, from 3-6 November 2025, with an expanded conference and exhibition programme aimed at addressing the challenges facing the global energy sector

The event will focus on two critical imperatives: building resilience in the energy system and scaling transformative solutions to accelerate global progress.

The theme for ADIPEC 2025, "Energy. Intelligence. Impact.", underscores the need for secure energy to drive inclusive growth, the intelligence to navigate the complexities of today's energy landscape, and the impact that translates vision into tangible progress for markets, people, and the planet. Over the course of four days, the event will explore four key themes, from new energy technologies and geopolitics to digital transformation and building a resilient, future-ready energy system.

This year, the ADIPEC conferences have been streamlined into two comprehensive programmes: the Strategic Conference and the Technical Conference. The event will feature over 380 sessions, with more than 1,800 speakers, including ministers, CEOs, academics, industry experts, and youth leaders. The aim is to turn dialogue into action by showcasing solutions and catalysing collaborations that drive real, measurable impact across the energy sector. The platform will promote intelligent choices, focusing on leveraging all viable energy sources and technologies to build sustainable systems that can deliver energy to more people, at lower cost, and with reduced carbon emissions.

The ADIPEC 2025 Exhibition will span 17 halls and host more than 2,250 exhibitors from across the global energy ecosystem, including 54 National Oil Companies (NOCs), International Oil Companies (IOCs), National Energy Companies (NECs), and International Energy Companies (IECs). It will also feature 30 dedicated country pavilions and four specialised industry zones focused on decarbonisation, digitalisation, maritime and logistics, and artificial intelligence.

ADIPEC 2025 is expected to attract more than 205,000 attendees from around the world, creating unique opportunities for collaboration, innovation, and progress within the energy sector.