Oil & Energy

FG Woos FDLs With Oil, Gas Summit

Published

12 years ago

April 28, 2014

The Federal Government
has inaugurated the organising committee for the 2014 Nigeria Oil and Gas Trade and Investment Forum.
The inter-ministerial committee was inaugurated last Wednesday in Abuja by Minister of State for Industry, Trade and Investment Mr Samuel Ortom,
Ortom reiterated that the Federal Government would continue to promote the Onne Oil and Gas Free Zone Authority in Rivers State as the gateway for the oil and gas industry in Africa.
He said that the present administration was committed to consolidating the successes achieved in the past two editions of the forum to further strengthen the economy.
The minister said the 2013 Oil and Gas Trade and Investment Forum recorded over 2,500 participants, 100 exhibitors and over 500 investment enquiries.
“I am particularly happy that last year’s edition of the forum was a huge success.
“I am proud of the achievement of the ministry’s organising committee and our partner, Orlean Investment West Africa Limited,” Ortom said.
He said that the Onne Oil and Gas Free Zone Authority was structured and designed to address specific needs and requirements of the corporate bodies in the industry.
“Onne Oil and Gas Free Zone was established as a tax-free centre for processing of goods that encourage acquisition of skills, job creation and transfer of technology.
“It also encourages local content participation, enhances foreign exchange earnings and backward integration in the country,” he stated.
Ortom urged the organising committee to work hard to ensure that this year’s forum recorded better success in terms of attracting more domestic and foreign investment into the sector.
The committee’s terms of reference include organising a two-day trade and investment forum on oil and gas from Oct. 30 and to showcase the Onne Oil and Gas Free Trade Zone as a successful free trade zone in Nigeria.
Others are to mobilise relevant stakeholders, public and private sector investors (local and foreign) for the forum as well as monitoring and following up on the outcomes of the forum.
Members of the committee are drawn from the federal ministries of Industry, Trade and Investment; Petroleum, Transport and Niger Delta Affairs as well as Orleans Invest West Africa.
Other members are the Nigerian National Petroleum Corporation, Nigerian Ports Authority, Oil and Gas Free Zone Authority, Nigeria Export Processing Zone Authority, Nigeria Investment Promotion Commission, Nigeria Customs Service and Nigeria Immigration Service.

Oil & Energy

NUPRC Unveils Three-pillar Transformative Vision, Pledges Efficiency, Partnership

Published

13 hours ago

January 28, 2026

The Tide

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has unveiled Its vision for the country’s upstream sector.

This transformative vision rests on three pillars of Production Optimization and Revenue Expansion; Regulatory Predictability and Speed; and Safe, Governed and Sustainable Operations.

The Chief Executive, NUPRC, Mrs Oritsemeyiwa Eyesan, who disclosed this at a stakeholders meeting with members of the Oil Producers Trade Section (OPTS), the Independent Petroleum Producers Group (IPPG), emerging players and other major stakeholders in the oil and gas industry, in Lagos, recently, said this aligns with President Bola Ahmed Tinubu’s renewed hope agenda and his plan to hit a production target of 2mbpd by 2027 and 3mbpd by 2030.

Eyesan plans on increasing production and revenue expansion through the recovery of shut-in volumes with economic value, arresting decline, reducing losses, and accelerating time-to-first oil—without increasing burdens or transaction cost.

This, she said, had already begun by recently “turning on the light” in a long shut-in asset.

Eyesan explained that regulatory predictability and speed can be achieved by running regulation like a service, enforcing rules transparently and making quick time-bound decisions.

The new NUPRC boss plans to strengthen governance, process safety, host community outcomes, and encourage decarbonisation through safe, governed and sustainable operations.

“Going forward, the Commission will be measured on the following key success metrics -Faster, predictable regulatory approvals, higher, more secure and sustainable production, credible licensing and disciplined acreage performance, world-class Health, Safety and Environment (HSE) and process safety outcomes, trusted measurement, transparency, governance and data integrity,” she said.

Eyesan promised that under her leadership, the NUPRC would enhance regulatory efficiency and predictability by publishing Service Level Agreements (SLAs) for all major approvals adding that the timeline to production would be reduced through proactive discussions regarding all necessary approvals, implementation of stage-gate processes, and mutual agreement on timelines with the commission.

She said “Stakeholders are encouraged to submit their projects for consideration. For matured opportunities, please submit your request latest end of Q1, 2026. This would provide a simplified and holistic framework that creates obligations for both operators and the Commission.

“The Commission will launch a digital workflow for permitting, reporting and data submissions. NUPRC will work with the industry to identify capacity gaps and develop tiered intervention in the most critical areas with immediate impact on regulatory efficiency while we harmonize our own internal processes to eliminate conflicting regulatory actions and reduce friction”.

She revealed that the NUPRC’s internal transformation programme through a project Management office is in flight saying “I will provide more details on this in the coming days”.

The NUPRC boss also convened a CCE–Operators Leadership Forum for monthly engagement with participants including all operators of NNPC, OPTS, IPPG, and emerging players adding that it would be focused on approval timelines, production restoration, infrastructure integrity, and gas monetisation and development.

“This is expected to enable the NUPRC to identify systemic bottlenecks and provide greater predictability”, she said .

Eyesan also stressed the need to improve hydrocarbon accounting and measurement by tracking every barrel produced and promptly addressing discrepancies or losses.

On host community, the NUPRC boss encouraged all operators to liaise with the commission “as we plan first engagement with host community leaders to reaffirm commitment to HCDT (Host Community Development Trust) implementation”.

She also said one of her key goals is to ensure 100% to the Petroleum Industry Act within 12 months. This, she said, will be monitored with a dedicated team situated in her office.

“The commission going forward will issue quarterly progress reports. Let therefore bring all high impact shut in fields for approval. “On the Commission’s part, a 90-day program to fast track approvals for near-ready FDPs, well interventions, rig mobilisation and other quick-win opportunities have commenced,” the CCE stated.

Oil & Energy

Electricity Consumers Laud Aba Power for Exceeding 2025 Meter Rollout Target

Published

14 hours ago

January 28, 2026

The Tide

Nigeria’s newest Electricity Distribution Company (DisCo), Aba Power, has gained consumers’ commendation for the provision of more smart meters than the other 11 Discos in the country combined in 2025.

The Electricity Consumers Association of Nigeria (ECAN), Southeastern Zone, gave the commendation in a statement signed by it’s Chairman, Engr.Joe Ubani, and Secretary, Comrade Chris Okpara, and issued at the end of its first 2026 Executive Committee meeting, held in Abakaliki, the Ebonyi State capital, at the weekend.

The statement revealed that all 12 DisCos in Nigeria provided 175,302 meters under the Meter Asset Provider (MAP) scheme and 44,104 prepaid meters under the vendor-financed framework as of the third quarter of 2025.

It said “Aba Power alone gave end-users over 100,000 smart meters by the end of last September.This means that Aba Power exceeded its 2025 target of giving its customers 100,000 smart meters by 2025, which many analysts thought was a stretch goal, meaning something that was initially thought to be impossible.

“More importantly, the data shows that Aba Power, despite being Nigeria’s youngest DisCo and the smallest in terms of population and geographical spread as it covers only nine of the 17 local government areas (LGAs) in Abia State, provided more prepaid meters than the other 11 DisCos combined”.

Citing figures sent monthly to NERC by the Head of the metering team at Aba Power, Engr. Alfred Atega, ECAN noted that the other 11 DisCos were carved out of the defunct Power Holding Company of Nigeria (PHCN) and got privatized in November 2013, stating though that the Nigerian government retains 40% shares in each.

The association disclosed that Aba Power was able to provide 122, 464 prepaid meters by the end of last year through vendor-finance arrangements with four Chinese and Nigerian metering firms adding that it supplied 116,883 single-phase meters and 5,581 three-phase meters.

Quoting the Aba Power senior brand and communication manager, Edise Ekong, ECAN explained that this utility metered all 122,464 customers from 27 feeders in and around Aba, Abia State’s economic nerve-centre.

According to the statement, Ekong said “We have actually since this year increased the number of metered customers to 133,000”, stated Ekong, also an engineer, according to ECAN.

“Work is progressing on three feeders, namely, the Omoba Feeder, the Geometric Feeder, and the Polymer Feeder as they have system issues.

“The customers on these feeders will be metered once repair and rehabilitation work on them is concluded”.

Oil & Energy

Petrol Consumption Hits 63.7m Litres/day, Diesel Dips …….NMDPRA Report

Published

14 hours ago

January 28, 2026

The Tide

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released its December 2025 factsheet report, revealing an upsurge in domestic Premium Motor Spirit (PMS) supply and consumption.

According to the report, PMS supply rose to 74.2 million litres/day in December 2025, up from 71.5 million litres/day in November 2025.

Consumption also increased to 63.7 million litres/day, compared to 52.9 million litres/day in November 2025.

According to the report, the Dangote Refinery demonstrated robust performance, achieving a maximum capacity utilization of 71% in December.

Its PMS domestic supply jumped from 19.47 million litres/day in November 2025 to 32.012 million litres/day in December 2025, against an initial plan of 50 million litres/day.

In contrast, Automotive Gas Oil (Diesel) domestic supply decreased to 17.9 million litres/day in December 2025 from 20.4 million litres/day in November 2025, despite a rise in daily consumption to 16.4 million litres/day from 15.4 million litres/day in November 2025.

It reported that the Liquefied Petroleum Gas (LPG) domestic supply edged up to 5.2 metric tonnes/day in December 2025 from 5.0 metric tonnes/day in November 2025.

The state-owned refineries recorded zero production, with the Port Harcourt Refinery remaining shut down.

However, evacuation of prior AGO produced averaged 0.247 million litres/day. The Warri and Kaduna Refineries also remained shut down.

Modular refineries showed promising performance: Waltersmith (Train 2) completed pre-commissioning, with hydrocarbons introduction slated for January 2026, averaging 63.24% capacity utilization and 0.051 million litres/day AGO supply.

Edo Refinery achieved 85.43% capacity utilization, with 0.052 million litres/day AGO supply. ARADEL averaged 53.89% capacity utilization, with 0.289 million litres/day AGO supply.

Total AGO supply from modular refineries averaged 0.392 million litres/day, with other products including Naphtha, HHK, fuel oil, and MDO.

“Daily consumption benchmarks for 2025:Petrol (PMS): 50 million litres/day,Diesel (AGO): 14 million litres/day.

Aviation Fuel (ATK): 3 million litres/day, Cooking Gas (LPG): 3,900 MT/day

“Actual daily consumption (truck out):Petrol (PMS): 63.7 million litres/day,

Diesel (AGO): 16.4 million litres/day, Aviation Fuel (ATK): 2.7 million litres/day and Cooking Gas (LPG): 4,380 MT/day”, the report stated.