General
TotalEnergies to Unveil 70,000bpd Ima Gas Field Project in 2026
By Adedapo Adesanya
TotalEnergies Limited has announced plans to unveil its shallow water 70,000 barrels per day Ima gas field project in Nigeria by 2026.
The Country Chairman/Managing Director of TotalEnergies Nigeria, Mr Matthieu Bouyer, disclosed this in Abuja at the Nigeria Oil and Gas (NOG) Energy Week 2025 during a panel session tagged Pragmatically Achieving Energy Abundance.
Mr Bouyer said the project would feed the Nigeria Liquefied Natural Gas (NLNG), one of the largest LNG plants in the world, saying the company was committed to increasing oil and gas production in a sustainable manner.
“Ima is another gas-field project offshore, which we intend to unveil in the coming year. It is a 70,000 barrels per day field; so that is already 140 barrels per day to accumulate by the two gas projects.
“So, that is significant; NLNG is one of the largest plants in the world, and today I think it is starting to get more gas,” he stated, noting that the firm had been careful of emissions while growing energy.
“We have been investing significantly in the past 15 years in Nigeria with a big project such as Egina,OML 13/2018, Ikike OML 99/2022, and Akpo West OML 130/2009, which we started in 2024.
“We have been drilling continuously up to this time on our deep offshore in the past two and a half years.
“So, the commitment to the country is undeniable, and we believe in Nigeria, in the resources, in the country, and we believe that there is a great future in Nigeria.
“In 2024, we inaugurated the Ubeta OML 58 project; Ubeta is a significant gas lag field onshore, which will supply gas to Nigeria Liquefied NG, and to the domestic market,” he added.
Mr Bouyer disclosed that the Ubeta project within the OML 58 concession is designed for processing subsequent export to NLNG and domestic gas parties through the Obite-Ubeta-Rumuji (OUR) or Gas Transmission System -1 (GTS) pipelines, describing the Ubeta field as significant as it would produce more or less 70,000 barrels per day.
He added that its Final Investment Decision (FID) showed a clear demonstration of good rule and regulation in place in the country.
“So, by doing this, we demonstrate the commitment, and we are of course keen to go all over the chain, up to NLNG.
“We have more, and to be able to unlock this more, we need to demonstrate this competitiveness,’’ he said.
He thanked the Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), for exhibiting the trust in them.
The managing director said the company had been active in the exploration sphere, and that two years ago made a discovery called ENTPON, an oil discovery which it made on the offshore, and currently progressing and maturing the assessment.
He said it deployed technology to achieve less emission, as it was the first company in Nigeria to stop all routine gas flaring.
Mr Adewale Fayemi, Managing Director, TotalEnergies Renewable DG Nigeria, highlighted the roles of renewables in the future energy mix.
He called for a national electrification plans with clear commercial priorities and independent regulators without political obstructions.
Mr Fayemi, represented by Omotayo Hassan, General Manager, Renewables, TotalEnergies Renewable DG Nigeria, said that the firm focused on the off-grid solar power generation.
He called for the creation of enabling business environment.
“We need to have national electrification plans that have clear commercial priorities because that drives investor confidence; the reality is that investors go to places where they can get their money back.
“The regulator has to be independent, without any political influence or political obstruction.
“It is important that the community, gender, young people are interested in the projects that you do because it provides resilience for those projects.
“We need to strongly look at long-term local currency financing. It is a must. Forex issues have always been a problem, and that has to happen.
“Fragmentation chases away investors; so, that is also something that needs to be dealt with,’’ he said.
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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