Energy

By Rareview Energydesk For decades, Nigeria’s state-owned refineries stood as symbols of industrial ambition — monuments to a petroleum-rich nation expected to dominate Africa’s energy value chain. Today, they stand instead as enduring metaphors for institutional decay, policy inconsistency and the astonishing capacity of the state to spend billions of dollars without producing corresponding value. The latest chapter in that long and troubled history opened recently when the Nigerian National Petroleum Company Limited (NNPC) announced fresh Memoranda of Understanding (MoUs) with two Chinese firms for the rehabilitation and operation of the Warri and Port Harcourt refineries. On paper, the arrangement appears ambitious. According to NNPC, the agreements with Sanjiang Chemical C...

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to host the 2026 Oil & Gas Midstream and Downstream Stakeholders Summit, aimed at deepening investment opportunities and strategic partnerships across Nigeria’s evolving petroleum industry. According to information released by the Board on its website, the two-day summit is scheduled to hold from May 19 to 20, 2026, at Four Points by Sheraton Lagos. The event is expected to attract major players in the oil and gas sector, including government officials, regulators, institutional investors, financiers, operators and Engineering, Procurement and Construction (EPC) contractors. NCDMB described the summit as a premier industry gathering designed to foster collaboration and provide...

By PR The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Thursday in Houston, Texas, United States, enumerated remarkable developments in Nigeria’s investment environment that have made the sector attractive for investments. Speaking at the Original Equipment Manufacturers (OEM) Networking Forum of the Offshore Technology Conference 2026, the NCDMB boss listed some of the developments to include the three landmark Executive Orders signed by President Bola Ahmed Tinubu in February 2024, notably the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024; Presidential Directive on Local Content Compliance Requirements, 2024, and Presidential Directive on Reduction of Petroleum Sector Contrac...

By Ali Elias The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with the National Power Training Institute of Nigeria (NAPTIN), has graduated 72 trainees from a three-week Human Capital Development programme in Solar Panel Installation and Maintenance, in a move aimed at bridging the skills gap in Nigeria’s power sector value chain. The training, held in Lagos, focused on equipping participants with practical and industry-standard competencies in renewable energy technology, particularly solar installation and maintenance. Speaking at the closing ceremony, the Director of Capacity Building at NCDMB, whose remarks were delivered by the Board’s Senior Monitoring Officer, Monitoring and Evaluation, Mr. Ibrahim Sule, commended NAPTIN for its partnershi...

By Ali Elias IMIRINGI, BAYELSA STATE — In a move to deepen grassroots participation in Nigeria’s oil and gas industry, the Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday convened a one-day sensitisation and enlightenment workshop on the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and Community Content Guidelines in Imiringi community, Ogbia Local Government Area. The outreach marks a strategic shift by the Board to take its advocacy directly to host communities, rather than limiting engagement to urban centres. Delivering the opening address on behalf of the Executive Secretary, Engr. Felix Ogbe, the General Manager, Zonal Coordination, Ifeanyi Okowa, said the decision to host the workshop in Imiringi was deliberate. “The Board dec...

By Ali Elias YENAGOA — The Nigerian Content Development and Monitoring Board on Wednesday hosted members of the Bayelsa State chapter of the Boys Brigade of Nigeria on an educational tour of the Nigerian Content Tower, offering the young visitors a rare glimpse into the operational engine room of Nigeria’s local content drive in the oil and gas industry. The visit, which took place at the Board’s headquarters in Yenagoa, was designed to expose the participants to career pathways and institutional frameworks shaping Nigeria’s energy sector, while reinforcing the importance of skills acquisition and personal development. Representing the General Manager, Corporate Communications, Dr. Obinna Ezeobi, the Manager, Government Relations, Teddy Bai, urged the youths to remain focused ...

By Rareview Energydesk Nigeria’s state oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), recorded a profit after tax of N276 billion in March 2026, underpinned by a modest rebound in crude production and sustained gas output, even as infrastructure constraints and pipeline outages continued to weigh on operations. The figures, contained in the company’s latest monthly report published on its website, show revenue of N2.77 trillion for the period, alongside statutory payments of N2.89 trillion in the first quarter of the year—an indication of the company’s growing fiscal footprint within Nigeria’s public finance architecture. Crude oil and condensate production averaged 1.56 million barrels per day (mbopd) in March, a recovery from the previous month, driven ...

By PR The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port Harcourt and Warri Refineries.The MoU was signed by the Group CEO, NNPC Ltd, Engr. Bashir Bayo Ojulari; Chairman, Sanjiang Chemical Company, Guan Jianzhong and Chairman of Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, Bill Bi, in Jiaxing City, China, on Thursday, April 30, 2026.The potential framework would cover completion of outstanding work at the two refineries, together with operating and maintaining both facilities to achieve best-in-c...

By PR The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the OB3 Pipeline, a strategic infrastructure designed to transport up to 2 billion standard cubic feet of gas per day, significantly strengthening energy availability, enhancing supply reliability, and accelerating national economic development. Executed approximately two kilometres beneath the River Niger riverbed, the technically complex crossing was delivered by the NNPC project team working with PCE Nig. Limited, using advanced hor...

By Ali Elias NSUKKA, ENUGU STATE — Maduka University and the Institute of Chartered Accountants of Nigeria (ICAN) are set to establish a strategic partnership focused on advancing creativity, industrial growth, leadership, and entrepreneurship, following high-level talks between both institutions on Wednesday. The initiative came to the fore when ICAN President, Haruna Nma Yahaya, led a delegation of council members and senior officials to the university, as part of activities marking the 20th Eastern Zonal Accountants’ Conference hosted at the University of Nigeria, Nsukka. Receiving the delegation, Vice-Chancellor Charles Ogbulogo described the visit as “timely and significant,” noting that the institution is “on a journey of discovery” anchored on entrepreneurship, leadersh...