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LATEST ARTICLES
Gabon: One Oil Worker Killed, Four Missing After Rig Sinks Offshore
U.S. Army Says It Has Helped 1.5 Billion Barrels of Oil Out Of Hormuz
Ghana: PETROSOL Board Chairman Daniel Acheampong Honoured For Service To Employers’ Association
Nigeria: NUPRC Gives 22 New Oil Block Holders 18 Months To Deliver First Oil
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 22 firms awarded Petroleum Prospecting Licences (PPLs) 18 months to achieve first oil, warning that it will begin recovering idle blocks on October 30, 2026.
The commission’s chief executive, Oritsemeyiwa Eyesan, said the move was in line with the “drill or drop” provisions of the Petroleum Industry Act 2021.
Eyesan was speaking in Lagos at the inaugural onboarding workshop for successful bidders in the 2022/2023 Mini Bid Round and the 2024 Licensing Round.
The workshop was held under the theme: “From Award to Production: Delivering Nigeria’s Upstream Petroleum Potential Under the Petroleum Industry Act 2021.”
Eyesan said all 22 awardees had paid their signature bonuses. The commission expects their assets to contribute about 250,000 barrels per day to Nigeria’s oil production within five years, she added.
She said the workshop followed a review of previous bid rounds, which found that many licence holders struggled to move from award to production despite meeting their financial obligations, slowing growth in output and reserves.
Eyesan described the 2020 bid round as the most challenging in the commission’s history, citing partnerships formed to secure blocks that subsequently broke down, leaving the assets without stable ownership and operating structures.
Similar problems arose during earlier marginal field rounds and asset divestments between 2010 and 2012, when some companies acquired assets without the technical expertise and business capacity needed to operate them, she said.
Some operators increased production from previously non-producing assets to more than 60,000 barrels per day, Eyesan said. Others saw combined output from mature fields fall to between 20,000 and 30,000 barrels per day from between 60,000 and 80,000 barrels per day under their previous owners.
She said some companies relied on Excel spreadsheets for their oil and gas accounting, which she cited as evidence of weak operating structures.
Some awardees assembled technical teams for the bidding process but disbanded them after securing licences, she added. They then left assets idle while seeking technical partners and financing, before returning about two and a half years later to request extensions.
Eyesan said the commission had issued a circular stating that, from October 30, it would recover blocks where licence holders had failed to undertake activities within the stipulated periods of three years for onshore assets and five years for offshore assets.
Extensions would not be automatic, she said, adding that difficulties securing partners or funding would no longer be accepted as grounds for an extension.
“It’s going to be Drill or Drop. This is standard practice all over the world,” she said.
Emeka Nkemakolam, assistant general manager and head of energy and power at Fidelity Bank, said investors needed a clear funding strategy and evidence of compliance with licence conditions, including obligations relating to rents, signature bonuses and performance bonds.
Such compliance demonstrated that a company was a credible prospective borrower, he said.
Panellists also identified governance and documentation as key requirements for securing finance. They said joint venture documents, shareholder agreements and internal governance arrangements should be finalised within six months and structured to meet lenders’ requirements.
Kenya: KenGen Appoints Ronoh Kibet As Managing Director And CEO
South Africa: OPASA Welcomes Decision Upholding Orange Basin Drilling Approval
The association said this required a thorough and transparent process in which projects were carefully assessed and stakeholders had meaningful opportunities to raise concerns. Such a process would build confidence among communities, regulators and investors, it added.
“Exploration is a critical step in establishing whether the country holds commercially viable offshore oil and gas reserves, with the potential to strengthen energy security and support economic growth, job creation, skills development and downstream industry,” OPASA said.
The association said it remained committed to advocating for responsible offshore development that protected the environment, addressed stakeholder concerns and supported South Africa’s long-term economic and energy needs.
The decision follows appeals by 47 individuals and organisations, including Greenpeace Africa, against a 2024 authorisation allowing up to five exploration wells.
The minister dismissed the appeals but added conditions concerning assessments of food security and coastal livelihoods.
Greenpeace Africa criticised the decision, which remains open to judicial review.
TotalEnergies operates Block 3B/4B, with QatarEnergy among its partners. The block covers about 17,581 square kilometres in the Orange Basin, where discoveries off neighbouring Namibia have encouraged further exploration. In announcing its entry into the block in 2024, TotalEnergies linked the investment to its exploration efforts following the Venus discovery in Namibia. South Africa: SLB, SANPC Sign Agreement On Digital Transformation And Skills Development
The Electric Mobility Shift: Energy Realities And The Industrial Imperative For Africa (Article)

- China: Despite a slight slowdown due to the halt of a trade-in scheme, EVs accounted for a staggering 55% of all car sales in 2025.
- Europe: Driven by stringent EU CO2 standards, sales rose by over 30%, capturing a 28% market share.
- United States: Sales remained stable at just under 10%, impacted by the expiration of EV tax credits.
- Emerging Markets: Southeast Asia saw annual sales more than double, reaching a 20% market share led by Vietnam, Indonesia, and Thailand. Latin America grew 75%, led by Brazil and Mexico.


- Fiscal Impact: A potential decline in petroleum-tax revenues, which historically fund road infrastructure and general budgets.
- Foreign Exchange: A positive reduction in the forex required to import refined liquid fuels, improving the balance of payments.
- Downstream Sector: Oil Marketing Companies (OMCs), fuel stations, and traditional vehicle maintenance businesses face an existential threat if they do not adapt.
Zambia: ZESCO Apologises For Prolonged Power Outage In Parts Of Lusaka
Senegal Offers 104 Oil and Gas Blocks, Seeks New Upstream Contracts
Ghana: NPA Explains Why It Allowed Unlicensed Tankers To Operate
Tameklo said Ghana had nearly 5,000 petroleum retail outlets served by just over 4,000 tankers. Strict enforcement without considering supply needs could disrupt deliveries, he said.
“What we’ve done prior to this audit is to ensure a balancing act — whilst ensuring regulation, how do we also ensure that petroleum products ultimately get to people?” he said.
He said consumers expected fuel to be available regardless of the regulatory challenges involved in delivering it, underscoring the authority’s responsibility to maintain supplies.
Tameklo explained that NPA licensing enabled the authority to monitor and track tankers, while the Driver and Vehicle Licensing Authority (DVLA) was responsible for certifying their roadworthiness.
He said enforcing compliance was easier in Accra than elsewhere in the country, adding that the NPA could still track petroleum product movements through freight cost claims.
QatarEnergy Signs Deals To Buy Up To 4 Million Tonnes Of U.S. LNG Annually Through 2054
QatarEnergy has signed two long-term agreements with Cheniere to purchase up to 4 million tonnes of liquefied natural gas (LNG) annually, with deliveries expected to begin in 2031 and continue through 2054.
The LNG will come from Cheniere’s Sabine Pass facility in Louisiana and Corpus Christi facility in Texas, both on the U.S. Gulf Coast. Deliveries will be made on a free-on-board basis.
The agreements were signed by Qatar’s Minister of State for Energy Affairs and QatarEnergy Chief Executive Saad Sherida Al-Kaabi and Cheniere Chairman and Chief Executive Jack Fusco.
“The signing of these two SPAs marks an important milestone in our LNG strategy,” Al-Kaabi said.
“This major long-term purchase will expand and diversify our global LNG portfolio and advance our ability to meet the evolving requirements of the market.”
He said the additional volumes would complement QatarEnergy’s existing supplies, expand its supply and trading portfolio and strengthen its ability to serve customers worldwide.
QatarEnergy said the agreements reflected its confidence in LNG’s long-term role in the global energy mix and its efforts to develop a more flexible and diversified portfolio.
OPEC Puts Africa’s Refining Investment Needs At $125 Billion Through 2050
Ghana: Energy Minister Urges ECOWAS Members To Strengthen Regional Electricity Trade
“A more energy-secure West Africa is a stronger, more integrated, and more prosperous West Africa,” he said.
Some ECOWAS member states continue to struggle to provide reliable and affordable electricity, prompting public protests.
In The Gambia, scores of residents in the capital, Banjul, recently staged nighttime protests over widespread blackouts.
The government responded by importing two generators from China to boost generation capacity and ease power shortages. 

