The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has leveraged ₦671 billion in public funds to attract about ₦1.6 trillion in private capital for 31 midstream and downstream gas projects across Nigeria. The investments, which cover 205 infrastructure assets are expected to add about 475 million standard cubic feet (scf) of gas per day to …
The Federal Government has called for sustained investment in Nigeria’s oil and gas industry, identifying policy stability, regulatory certainty, security and faster project execution as critical to keeping the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made the call on Thursday at the 2026 …
TotalEnergies has taken the Final Investment Decision (FID) on the development of the Ima offshore gas field, a project expected to supply about one-third of the additional gas required for Nigeria LNG’s ongoing Train 7 expansion. The French energy giant, which holds a 40 per cent stake and operates the project alongside Nigerian partner AMNI …
…Project expected to become one of Nigeria’s largest deep-water developments, targeting 175,000 barrels of oil per day at peak production The Nigerian National Petroleum Company Limited (NNPC) and the contractor parties to Oil Mining Lease (OML) 118 have executed key contractual agreements to advance the Bonga Southwest/Aparo (BSWAp) deep-water project towards Final Investment Decision …
A new executive order signed by President Bola Tinubu is set to unlock an additional one million barrels per day (mbpd) of crude oil and condensate from Nigeria’s deep offshore fields, alongside $50 billion in investments, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Engineer Enorense Amadasu, NUPRC’s Executive Commissioner for Development and Production, …
The Nigerian National Petroleum Company Limited (NNPC) has declared that the Federal Government's newly signed Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order 2026 will serve as a catalyst for achieving Nigeria's ambitious production target of 3 million barrels of oil per day by 2030. The landmark reform, officially titled the Deep Offshore …
In a major move aimed at restarting Nigeria's deepwater energy sector, President Bola Tinubu has approved a reform package expected to unlock up to $50 billion in new deep offshore oil and gas investments. The reform, codified under the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, fundamentally shifts Nigeria's approach to …
Nigeria is set to attract between $30 billion and $50 billion in investment from 22 major offshore oil and gas projects scheduled to launch between 2026 and 2030. The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, stated this in Lagos on Wednesday, August 5, 2026, at the Society of Petroleum Engineers’ Nigeria Annual International Conference …
Leaders and key stakeholders in Nigeria's oil and gas industry have called for deeper collaboration among operators, regulators, investors, and financiers to build a resilient energy sector capable of weathering global disruptions. The appeal came during the 49th Society of Petroleum Engineers (SPE) Nigeria Annual International Conference & Exhibition (NAICE) 2026, held in Lagos on …
The recent escalation of conflict in the Middle East, involving the US, Israel, and Iran, has highlighted the vulnerability of Nigeria to global energy shocks despite being a major oil producer, as fuel prices. The conflict has once again highlighted a significant paradox in the Nigerian economy: while a rise in global crude prices (now …
