General
Nigeria, TotalEnergies Sign New Deepwater Oil Contract
By Adedapo Adesany
Nigeria has signed a new deepwater oil contract with French oil and gas giant, TotalEnergies.
The contract, which is a Production-Sharing Contract (PSC), also includes local firm South Atlantic Petroleum, and will involve two offshore blocks.
The deal was done in a step to boost exploration and attract investment under its new oil framework.
Nigeria, Africa’s largest oil producer, is seeking to revitalize its upstream sector amid global energy transition pressures and declining investment in fossil fuels.
The deal covers petroleum prospecting licences 2000 and 2001, awarded during the 2024 licensing round, and spans about 2,000 square km (772 square miles) in the Niger Delta Basin.
Already, TotalEnergies holds an 80 per cent contractor interest, while Sapetro holds 20 per cent, the upstream oil regulator said on Monday.
Speaking on the deal, Mr Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), said this will help Nigeria tap into its underutilized reserves and help boost production.
“This PSC signals the start of a committed work programme that will help us unlock the untapped geological potential of our deepwater, expand our reserves, boost production, and strengthen Nigeria’s energy security,” he said.
The contract includes provisions for signature and production bonuses, minimum work guarantees, profit-sharing, and compliance with host community development obligations.
It also outlines environmental safeguards, including decommissioning and remediation funds.
General
NGIC Pipeline Network to Experience 4-Day Gas Supply Shortage
By Modupe Gbadeyanka
The pipeline network of the NNPC Gas Infrastructure Company Limited (NGIC) will witness a temporary reduction in gas supply for four days.
This information was revealed by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andy Odeh, in a statement on Thursday night.
A key supplier of gas into the NGIC pipeline network is Seplat Energy Plc, a joint venture partner of the state-owned oil agency.
It was disclosed that the facility would undergo routine maintenance from Thursday. February 12 to Sunday, February 15, 2026.
The NNPC stated that, “This planned activity forms part of standard industry safety and asset integrity protocols designed to ensure the continued reliability, efficiency, and safe operation of critical gas infrastructure.”
“Periodic maintenance of this nature is essential to sustain optimal system performance, strengthen operational resilience, and minimise the risk of unplanned outages,” it added.
“During the four-day maintenance period, there will be a temporary reduction in gas supply into the NGIC pipeline network. As a result, some power generation companies reliant on this supply may experience reduced gas availability, which could modestly impact electricity generation levels within the timeframe.
“NNPC Ltd and Seplat Energy are working closely to ensure that the maintenance is executed safely and completed as scheduled. In parallel, NNPC Gas Marketing Limited (NGML) is engaging alternative gas suppliers to mitigate anticipated supply gaps and maintain stability across the network,” the statement further said.
“Upon completion of the maintenance exercise, full gas supply into the NGIC system is expected to resume promptly, enabling affected power generation companies to return to normal operations,” it concluded.
General
Judge Withdraws from EFCC Cases Against Former AGF Malami
By Adedapo Adesanya
Justice Obiora Egwuatu of the Federal High Court in Abuja has recused himself from the two cases involving the former Attorney General of the Federation, Mr Abubakar Malami, filed by the Economic and Financial Crimes Commission (EFCC).
Mr Egwuatu was recently reassigned the cases by the Chief Judge of the Federal High Court, and he disclosed that he withdrew for personal reasons and in the interest of justice.
The cases against Mr Malami were formerly before Justice Emeka Nwite of the same court, who was a vacation judge during the festive season.
Mr Egwuatu’s recusal comes after the civil suit for the forfeiture of 57 properties allegedly linked to Mr Malami was called for mention.
The former AGF, his wife, and son are facing a 16-count money laundering charge. They were granted bail on January 7 in the sum of N500 million with two sureties by Justice Emeka Nwite of the Federal High Court in Abuja.
Justice Nwite stated that the sureties must have landed property in Asokoro, Maitama, and Gwarinpa.
The judge added that the trio must submit their travel documents to the court.
The former Minister of Justice is facing a fresh persecution over the arms and ammunition found in his house by the Department of State Service (DSS). The arms were reportedly uncovered at his Kebbi country home by the operatives of the EFCC during a search.
The anti-graft agency handed the weapon to the secret police for a comprehensive probe, citing a lack of constitutional authority to investigate the possession.
Similarly, the former AGF was accused of knowingly abetting terrorism financing by refusing to prosecute terrorism financiers whose case files were brought to his office as the AGF in the last administration for prosecution. Alongside his son, the lawyer was accused by the DSS of engaging in conduct in preparation to commit an act of terrorism by having in their possession and without a licence, a Sturm Magnum 17-0101 firearm, 16 Redstar AAA 5’20 live rounds of Cartridges and 27 expended Redstar AAA 5’20 Cartridges.
General
NLNG Says Low-Risk Key to Unlocking Value in Nigeria’s Gas Industry
By Adedapo Adesanya
Nigeria LNG (NLNG) has reaffirmed that a well-structured, low-risk approach in Nigeria’s energy sector is essential to unlocking investments, accelerating economic development and strengthening energy security.
NLNG’s General Manager, Production, Mr Nnamdi Anowi, said this at a panel session titled De-Risking Investments in African Oil and Gas Projects during the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in Lagos, noting that when oil and gas projects are perceived as too risky, investors tend to withdraw, leading to stalled projects, job losses, and missed revenue opportunities critical for national growth.
According to a statement by Mrs Anne-Marie Palmer-Ikuku, Manager, Corporate Communication and Public Affairs, he stated that reducing risks in oil and gas projects, beyond being a business strategy, was a matter of national importance for Nigeria’s economy, energy security, and long-term development.
He further explained that for NLNG, lowering risk means keeping gas flowing reliably, meeting long-term contracts, and ensuring the company remains a trusted supplier to global and domestic markets.
He said this will allow investors to fund projects at a lower cost, which ultimately benefits both companies and the country.
Mr Anowi also highlighted the importance of good infrastructure, local skills, and modern technology in reducing everyday operational risks.
He said that when pipelines, processing facilities, and digital systems work well, projects are safer, cheaper to run, and more reliable over time.
“If we reduce risk the right way and work together, investment will come; the next decade must focus on growing proven, bankable projects that deliver real value to the country, ” he further said.
In his closing remarks, Mr Anowi noted that Africa and Nigeria in particular are investable when risks are planned for and managed carefully, not ignored.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn










