Category: Energy

  • TotalEnergies’ Ubeta project to boost Nigeria’s gas ambitions

    TotalEnergies’ Ubeta project to boost Nigeria’s gas ambitions

    TotalEnergies is taking a bold step in supporting Nigeria’s energy goals with the Ubeta gas field project in the OML 58 onshore license in Nigeria, now in its execution phase.

    The project is set to deliver a plateau of around 70,000 barrels of oil equivalent per day including condensates, a significant contribution to Nigeria’s gas development ambitions. “The 70,000 bpd from Ubeta is a major milestone, and first gas/commissioning is expected by 2027,” he noted.

    This announcement was made by Matthieu Bouyer, Country Chair of TotalEnergies in Nigeria, during a high-level panel session titled “Pragmatically Achieving Energy Abundance” at the NOG Energy Week 2025. The session took place at the Bola Ahmed Tinubu International Conference Center (ICC), Abuja.

    Bouyer expressed gratitude to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and NNPC Limited for their continued support, which he said has positioned TotalEnergies ahead.

    The Country Chair, informed the participants of TotalEnergies IMA field, located within the OML112 and 117 under the AMNI/TEPNG Joint Venture 15km off the southeast coast of Nigeria. He said the project is currently at Front End Engineering Design (FEED) Phase and the gas field which has a plateau of around 70,000 barrels of oil equivalent per day similarly to Ubeta is expected to get its Final Investment Decision, FID in 2026.

    Bouyer highlighted the company’s recent achievements, including a discovery in Ntokon two years ago, which is now progressing toward development, and the acquisition of additional new oil blocks in the past year.

    READ ALSO: Meet the next Olubadan-in-waiting, ex-Gov Rashidi Adewolu Ladoja

    On innovation and sustainability, Bouyer emphasised TotalEnergies’ commitment to cleaner operations: “We’re deploying more advanced technology than ever to extract more oil and gas with fewer emissions. For instance, we use drone-based AUSEA (Airborne Ultralight Spectrometer for Environmental Application) technology on our upstream operations to detect methane leaks.  We are also in partnership with NNPC Limited on this initiative. We’re here to support Nigeria, and we’re doing it sustainably.”

    Bouyer also spoke on the company’s integrated approach to energy, from exploration to retail, and its active role in the domestic gas market, particularly through its stake in NLNG Train 7. He noted that while TotalEnergies’ renewable energy footprint in Nigeria is still modest, it remains a growing area of focus.

    Bouyer’s key message to the audience could be summarized as TotalEnergies is committed to Nigeria for the long term; TotalEnergies EP Strategy of More Energy, Less Emissions is guiding all the company’s operations in Nigeria and aligns with the Nigerian government’s policies and programmes.

  • TotalEnergies to launch 70,000b/d lma project in 2026

    TotalEnergies to launch 70,000b/d lma project in 2026

    The TotalEnergies Plc on Thursday disclosed plans to launch its shallow water 70,000 barrels per day project in 2026.

    TotalEnergies Nigeria’s country chairman and managing director, Matthieu Bouyer, disclosed this at the Nigerian Oil & Gas Energy Week Conference & Exhibition (24th NOG Energy Week) 2025 in Abuja.

    He spoke in a Strategic Panel Session: “Pragmatically Achieving Energy Abundance.”

    “So some of the projects we have are like Ima. Ima is another gas field project offshore, which we intend to launch in the coming year,” he said.

    The firm had in late 2023 launched the 700,000bpd Ubeta project, an indication of raking in 140,000bpd from the two projects in less than four years.

    Bouyer said, “It is another 70,000 barrels per day, so that’s already 140 to accumulate those two gas projects of oil equivalent we will be producing in less than four years. So that’s significant.”

    He commended the new rules and regulations, which are accelerating project execution in the industry, noting that TotalEnergies took the Final Investment Decision (FID) of Ubeta just within three months.

    Extolling the regulator, he said, “And it was for me a demonstration that when there is a good rule, regulation, order put in place, three months later we had Ubeta being FID.

    “So it is a reality that industry players can demonstrate when there is a good rule, then there is a project which makes sense and which can be launched by Ubeta like ourselves.”

    He said the company has deliberately grown energy in the country in a sustainable manner with fewer emissions.

    The TotalEnergies boss said the firm has been investing significantly in the past 15 years in Nigeria, with a big project like Egina, Ikike, and also Akpo West, which was started up last year.

    Buttressing the company’s consistent confidence in investing in Nigeria, he said it has sustained its drilling and advanced offshore in the last two and a half years.

    Recall that some other International Oil Companies (IOCs) recently divested from the country, but Bouyer insisted that his firm sees the future in Nigeria.

    He said, “And we have been drilling continuously up to now on our deep offshore in the past two and a half years. So the commitment to the country is undeniable, and we do believe in Nigeria, we do believe in the resources in the country, and we do believe that there is a great future in Nigeria.”

    He explained that last year the company launched the Ubeta project, a significant gas field onshore, which will supply gas to Nigeria LNG and to the domestic market.

    He said by launching the project, the company has demonstrated its keenness to go all the way up to LNG, which will be part of Train 7 of the Nigerian Liquefied Natural Gas (NLNG).

    He described it as a big investment that the firm is using to create value not only to the shareholders, like the Nigerian National Petroleum Company (NNPC) and TotalEnergies, but also to the country.

    He said the NLNG used to be one of the largest taxpayers in the country.

    Bouyer vowed that with the bold steps, the firm will proceed in the gas value chain to demonstrate competitiveness.

    Expressing gratitude to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), he said, “And here I want to thank NNPC and NUPRC also for demonstrating that we can shift, we can be at the head, at the top of the competition”

    He said, although TotalEnergies has been silent on the exploration front, it has been very active over there, where it discovered ENTPON two years ago

    He revealed that the company has already launched the feed and is working in partnership with NNPC to launch the project.

    Read Also: TotalEnergies agrees $510m OML 118 sale to SNEPCo

    Bouyer said the firm was part of the successful awardees of the 2024 Marginal field bid round for exploration.

    On flaring, he noted that TotalEnergies stopped routine flaring at the end of 2023 and now polarises it for the domestic market.

    Continuing, he said “And we have also technology called OCR, which is the drone that we fly in our facilities, and we have a partnership with NNPC to fly it also on some of NNPC’s assets to detect methane leaks, and by doing so, we can then tighten the bolts, if I may say, or see where we have some leaks to, again, have less emissions and valorize the molecules in the pipeline gas networks for the country.

    “So, yes, we are here to support. We have some projects in hand. We’ve recently launched in Ubeta, have Ima coming up very, very soon, and we are also working in a sustainable way to valorise all these molecules in the networks for the country.”

  • NLNG: Only results-driven approach can unlock Africa’s gas potential

    NLNG: Only results-driven approach can unlock Africa’s gas potential

    Natural gas can be a powerful catalyst for Africa’s and Nigeria’s economic transformation—but only if stakeholders across the gas value chain embrace a culture of performance and integration, Nigeria LNG Limited (NLNG) has said.

    Speaking at a strategic panel session on “Accelerating Gas Development for Domestic and Global Energy Needs” during the 24th Nigeria Oil and Gas (NOG) Energy Week, in Abuja, its Managing Director and Chief Executive Officer, Philip Mshelbila, stressed the critical role of gas in the evolving global energy landscape.

    He called for a results-driven, collaborative approach to unlock the country’s vast gas resources.

    “Nigeria is blessed with abundant gas reserves, but that’s just the beginning. To make LNG work, you must explore, produce economically, transport it for liquefaction, and ensure there’s a robust value chain for delivery. It requires execution, not just potential,” Mshelbila said.

    READ ALSO: Nigeria oil rigs increase to 44, says NUPRC

    He emphasised that global confidence in Nigeria’s gas sector will be built on consistent performance—not rhetoric. “If we want to change the narrative, we must deliver results.

    PowerPoint presentations and talk won’t do it. Investors respond to performance. That’s how countries like Qatar and the U.S. succeeded—not with marketing, but by delivering,” he said.

    Reflecting on N LNG journey, he noted that although it took more than three decades to get off the ground, once it did, the project gained momentum through successive expansions. “It was our focus on the fundamentals that kept us moving,” he added.

    Mshelbila acknowledged the historical challenges related to infrastructure, investment, and delivery, but said the tides are turning. He pointed to the Petroleum Industry Act (PIA) and recent presidential directives as game-changers that have improved governance, restored investor confidence, and paved the way for new commitments—such as NLNG’s ongoing Train 7 project, which will increase production capacity to 30 million tons per annum (mtpa).

    “As soon as we addressed key issues like fiscal terms, local content, and contract stability, foreign investment started coming in. That’s the power of aligning performance with reform,” he said.

    Using Qatar as a benchmark, Mshelbila noted that both countries began LNG operations around the same period. Yet, while Nigeria is targeting 30 mtpa, Qatar is pushing beyond 140 mtpa. “That’s the kind of scale we must aspire to,” he urged.

    He also praised the growing professionalism within Nigeria’s energy institutions, saying that increased integration across government, regulators, investors, and host communities is already delivering improved efficiency, lower costs, and the resolution of longstanding structural challenges.

  • Stakeholders push for policy alignment, private sector access at renewable energy roundtable

    Stakeholders push for policy alignment, private sector access at renewable energy roundtable

    Stakeholders in Nigeria’s energy transition space have called for urgent alignment of renewable energy policies and improved communication with the private sector to accelerate clean energy adoption across the country.

    This was the thrust of a high-level roundtable hosted on Wednesday in Abuja by BudgIT Foundation, in collaboration with the Publish What You Pay coalition, as part of ongoing efforts to promote sustainable energy solutions in Nigeria.

    The event, held at the Shehu Musa Yar’Adua Centre, brought together representatives from government ministries, departments and agencies, civil society organisations, and private sector actors to identify practical strategies for increasing renewable energy uptake in Nigeria.

    Speaking at the event, Enebi Opaluwa, Head of Natural Resource and Climate Governance at BudgIT Foundation, said the roundtable provided a much-needed platform to discuss existing challenges and opportunities in Nigeria’s clean energy transition.

    “We convened this session to look at how we can increase renewable energy advancement in Nigeria, examining the nuances and offering practical, implementable solutions. The conversation was robust and yielded several key recommendations we can push forward,” Opaluwa said.

    According to him a major concern raised by stakeholders was the fragmentation and misalignment of policies across the renewable energy sector.

    READ ALSO: Nigeria oil rigs increase to 44, says NUPRC

    “There are clear policy gaps that need to be addressed. We must harmonize and align our policies to provide a clearer and more predictable pathway for both government and private sector actors,” he added.

    The roundtable featured presentations by Alice Adedayo, a Research Analyst at BudgIT, and representatives of the Rural Electrification Agency (REA), who provided insights into the current landscape of renewable energy projects and funding mechanisms.

    Participants also emphasized the need for more effective engagement with the business community, particularly on how to access financing windows and navigate regulatory procedures.

    “It’s crucial that businesses are aware of the opportunities available through institutions like the REA,. But at the same time, they must adhere to proper protocols and due diligence, especially in importing standard renewable energy products,” Opaluwa noted. 

    Representatives from the Nigeria Customs Service, Energy Transition Office, and several civil society groups lent their voices to discussions around improving the transparency, coordination, and efficiency of Nigeria’s renewable energy sector.

    The National Coordinator of Publish What You Pay (PWYP) Nigeria, Dr. Danladi Erisa, has called for an inclusive and justice-centered energy transition that uplifts communities long affected by the country’s extractive economy.

    “Today’s roundtable speaks to a future we all desire—a Nigeria where every community, no matter how remote, has access to clean, reliable, and sustainable energy. A future where the extractive sector no longer symbolizes depletion, but transformation and opportunity.

    “Across the country, many communities have borne the heavy cost of natural resource extraction—environmental spoil, displacement, and underdevelopment. But they have not lost hope. And neither have we.

    “At PWYP Nigeria, we believe that hope must be matched with action—and action must be grounded in justice, inclusion, and accountability. That is why we work every day to ensure that communities are not only heard, but empowered; that data leads to decisions; and that transparency leads to transformation.

    “We see the shift to renewable energy not just as a technological transition, but as a chance to correct long-standing inequities. It is an opportunity to build systems that work for the people—not just for profits.

    “This is where PWYP Nigeria stands—as a driver of change, a bridge between citizens and policymakers, and a force committed to ensuring that the energy transition uplifts those most impacted by the extractive economy.

    “We are grateful to BudgIT for their partnership and shared vision, and we commend every stakeholder here for recognising the urgency and the opportunity before us.

    “Let this roundtable be more than a conversation—let it be a spark that ignites stronger collaboration, deeper commitment, and bold actions. Together, we can build a future where the wealth beneath our soil fuels progress above it—for everyone.

    PWYP Nigeria is ready to walk this path with you—to amplify, advocate, and to act.”

    The session concluded with a summary of key takeaways and recommendations, which BudgIT Foundation and its partners intend to compile and circulate to relevant agencies and stakeholders.

    The roundtable is part of a broader campaign to promote energy justice and sustainability in Nigeria, with a focus on creating an enabling environment for innovation, investment, and inclusive growth in the renewable energy space.

  • Lokpobiri urges bold action to unlock Nigeria’s petroleum potential

    Lokpobiri urges bold action to unlock Nigeria’s petroleum potential

    The Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has delivered a stirring call to action at the 2025 Nigerian Oil and Gas (NOG) Conference, urging industry stakeholders to convert Nigeria’s abundant petroleum assets into measurable output rather than leaving them dormant or underutilised.

    Speaking during the opening ceremony of the conference themed “Accelerating Energy Progress Through Investment, Global Partnerships and Innovation”, Lokpobiri stressed that the time for lofty promises and vague commitments in the oil and gas sector is over.

    What Nigeria now requires, he emphasised, is bold and collaborative action that reflects genuine commitment to national development.

    “Every year, the NOG week gives us a mirror, a chance to reflect on where we are, a compass to define where we want to go, and a map to strategise how to get there,” he said. “This year… we are compelled to do more than just talk. We are compelled to act boldly and collaboratively.”

    Senator Lokpobiri did not mince words in expressing dissatisfaction with the current state of oil production in Nigeria. He warned that the Federal Government would no longer tolerate operators who lack the capacity—either financial or technical—to maximise the value of their upstream oil and gas assets.

    “It is no longer acceptable for critical national resources to remain in the hands of companies that lack the technical or financial capacity to optimise them,” he declared. “Worse still are those who use such licenses merely as a lever to access scarce capital, only to divert it to unrelated ventures.”

    Calling for a total paradigm shift, the Minister emphasised that Joint Ventures and Financial/Technical Services Agreements (FTSAs) must not be misused as mechanisms for complacency or monopoly.

    “Let’s be clear: Joint Ventures and FTSAs are not weapons to hold the sector hostage. They are frameworks built on trust that you will act in the nation’s best interest. If you cannot, it’s time to step aside or step up through partnership.”

    Lokpobiri revealed that President Bola Ahmed Tinubu has mandated the newly constituted board of NNPC Ltd to undertake a thorough review of all existing operatorship arrangements in the upstream sector. He said the move aims to unlock value from dormant and shut-in assets.

    “The era of dormant fields and underperforming assets must give way to action. Unlock dormant and untapped assets. Re-enter shut-in wells. Convert dormant licenses into measurable output,” he stated.

    Citing a concerning trend, the Minister noted that Nigeria’s oil production before the enactment of the Petroleum Industry Act (PIA) was higher than current figures, despite the incentives and reforms introduced since then.

    “This cannot be a Governance problem. I want to put it to you, the operators, what happened? How did we get here? And more importantly, what are we going to do differently?” he asked pointedly.

    Lokpobiri reflected on last year’s conference, where stakeholders passionately vowed to increase oil production. A year later, he questioned what tangible improvements had occurred.

    “Yet today, we find ourselves asking: what has truly changed? What tangible difference has been made?” he said. “The Federal Government has implemented far-reaching reforms… but the question remains: where is the output?”

    He issued a stern reminder that improving Nigeria’s global standing in oil production is no longer optional but essential.

    “If we are serious about ramping up production and reclaiming Nigeria’s rightful place among leading oil producers, then every operator must show cause—by performance, not promises,” he insisted.

    The Minister also addressed the abuse of Nigeria’s Local Content Act, lamenting a past in which politically connected but technically incapable firms cornered contracts only to subcontract them.

    “With the advent of President Bola Ahmed Tinubu, we are returning to the true tenets of the Act—one that allows companies, both large and small, to coexist and operate side-by-side,” he assured. “The era of briefcase contractors winning jobs only to sublet them to technically capable firms is coming to an end.”

    Highlighting Nigeria’s growing role in global energy diplomacy, Lokpobiri emphasized the importance of partnerships, innovation, and regional integration. He reaffirmed Nigeria’s commitment to engaging international institutions such as APPO, IEC, and OPEC, as well as driving Africa’s prosperity through cooperative ventures.

    “We therefore see global partnerships as a central pillar in our national energy strategy,” he said. “We welcome partners who understand the Nigerian context and are committed to mutual value creation.”

    On the progress of the African Energy Bank—a pan-African initiative aimed at financing energy projects across the continent—Lokpobiri expressed optimism.

    Read Also: Lokpobiri confirms top gear preparations for African Energy Bank launch 

    “We are firmly on course and steadily approaching our official launch… Nigeria, as host country, has fulfilled all its legal and ancillary obligations,” he disclosed. “Africa is not asleep. We are determined to take our place in the global energy financing space.”

    Concluding his address, Lokpobiri urged stakeholders to move beyond ceremonial dialogue and convert ideas into impactful execution.

    “This is not just a conference. It is a call to action. A call to move from rhetoric to results,” he declared. “We have the resources. We have the talent. And now, we are building the right environment.”

    He concluded with an appeal for urgency, unity, and vision:

    “Let us accelerate progress not for ourselves alone, but for the millions of Nigerians whose lives depend on the value we create in this industry. May the conversations, partnerships, and solutions that emerge from this gathering lead to action that outlives this room and shapes the future of our great nation.”

  • Neveah’s 44,000 MT recycling plant begins production

    Neveah’s 44,000 MT recycling plant begins production

    Neveah Limited has announced commencement of production at its state-of-the-art aluminum and copper recycling plant in Ogun State. 

    In a decisive first run, the plant has produced its first set of aluminum ingots, achieving an impressive 85.1% purity level, an indicator of the superior quality Neveah aims to consistently achieve once full-scale operations begin.

    By leveraging cutting-edge instruments, Neveah ensures that each ingot adheres to the highest global standards, thereby facilitating seamless access to demanding export markets. 

    This adoption of the latest technology ensures that every ingot produced not only meets but surpasses international quality requirements, reinforcing Neveah’s commitment to premium-grade output that is export-ready. 

    “This milestone is more than just production, it’s a glimpse into our future,” said Mr. Ibidapo Lawal, CEO of Neveah Limited. “We are not just recycling; we are redefining how Africa contributes to the global circular economy.” 

    Read Also: IHS, UNICEF assess impact of life saving oxygen plant

    As the company gears up for full-scale operations in the coming days, this milestone underscores a series of significant strides. 

    Neveah’s recycling plant, a multi-billion Naira investment, is designed to process over 44,000 metric tons of aluminum and copper annually, generate over $150 million in export revenue, create 500 direct and over 6,000 indirect jobs, and cut carbon emissions by more than 377,000 tons yearly. Such environmental and economic benefits align with Neveah’s broader mission to foster sustainable growth and support national development goals. 

    The company secured the top position in the Metals & Mining category and ranked 21st on the Financial Times’ 2025 list of Africa’s Fastest-Growing Companies. 

    These accolades spotlight Neveah’s global relevance and operational excellence in a highly competitive sector, a testament to its resilience, strategic vision, and operational excellence. 

    As the plant prepares to transition to full-scale production in the coming days, Neveah stands poised to transform scrap into high-quality metals, reinforce Nigeria’s export portfolio, and drive a circular economy model that benefits communities at home and abroad.

  • Civil society President hails NMDPRA, warns against investor scare tactics

    Civil society President hails NMDPRA, warns against investor scare tactics

    President of the League of Civil Society Groups, Mohammed Basah, has praised the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for what he called “world-class regulatory competence” in the management of Nigeria’s post-subsidy petroleum system.

    Basah, who spoke at a briefing in Abuja, cautioned that sustained attacks on the NMDPRA and its leadership could discourage potential investors and destabilise regulatory progress.

    Read Also: Alleged $5b scandal at NMDPRA

    “We must not discourage investors who are beginning to show renewed confidence in Nigeria’s energy sector. NMDPRA under Engr. Farouk Ahmed has created a competitive and transparent playing field. What we need now is support — not sabotage,” Basah emphasised.

    He highlighted key achievements of the agency, including reforms that ended fuel subsidy fraud, standardized fuel quality, and improved investor confidence in modular refineries and fuel distribution.

  • 2027, NNPCL and the gathering of termites

    2027, NNPCL and the gathering of termites

    • By Bonaventure Phillips Melah

    As politicians realign and strategise for the 2027 general election, now is the worst time for any patriotic citizen to be appointed to lead a government agency in Nigeria, especially the major organisations that are critical to the success of President Bola Tinubu’s Renewed Hope Agenda.

    The above is true, because, as the President himself put it at a recent public event, no matter what you do, professional critics, political opponents and haters, would still abuse and insult you, even if you decide to spill your blood for the good of the nation.

    Of course, we have arrived at a consensus with Chinua Achebe that the greatest challenge facing Nigeria is the absence of quality leadership. It is also true that Nigeria has been plagued with multifaceted cankerworms of corruption, nepotism, ineptitude, ethnic and religious bigotry as well as lack of political will by those in authority to do what is right at the right time which are part of the major reasons for the nation’s underdevelopment.

    We have to agree also that Nigeria is home to some of the most talented geniuses who have, through the deployment of acquired skills and knowledge, impacted positively on their communities, nation and humanity at large.

    However, it is also true that Nigeria is one of the most difficult places to on earth to govern; and this is not necessarily due to the fault of Nigerians, but the unpatriotic nature of Nigerian politicians, most of who put their personal interest far above the destiny of the nation and the wellbeing of the over 200 million people that make up her citizens.

    For most Nigerian politicians, if you don’t occupy the position of president, governor, minister. State commissioner. or any of such ‘juicy’ leadership position, the nation can as well burn to ashes. Once a Nigerian politician tastes the sweet apple of government office, he would never want to let go of the trappings of power and would rather pull down the roof rather than not be a part of any administration.

    And there lies the underbelly motive behind the ongoing gang-up of those who claim to be potential messiahs that condemn anything and everything that government does while claiming they have the magic wands to perform miracles if given the opportunity, even though most of them have occupied top leadership positions in the past and performed woefully.

    Read Also: FG building six cancer centres for early detection, treatment – Minister

    Critics of President Tinubu have refused to acknowledge any of the many outstanding achievements of the administration, including the removal of petroleum subsidy, that has helped to make more money available for provision of critical infrastructure and tripled monthly allocation to states. Before Tinubu took that decision, the very first day in office, subsidy had for decades contributed to the sorry state of Nigeria’s economy as trillions of Naira went to dubious businessmen and women, most of who supplied nothing at all. Its removal therefore ended the hell we went through trying to get petrol and kerosene, so that today, you just drive into any petrol station and within minutes you are out. That alone, saved us huge manpower and is part of the reasons for Nigeria’s improved GDP.

    Apart from achieving stability in supply and distribution of petroleum products, prices of the products have continued to reduce, even if in trickles, thereby bringing relief to the people.

    As far as detractors are concerned, not even the ambitious Lagos-Calabar Coastal Highway is worthy of any kind of applause. The 700-kilometer road is billed to run from Victoria Island, Lagos to Calabar, Cross River State and will pass through eight states which are Ogun, Ondo, Edo, Delta ,Bayelsa, Rivers and Akwa Ibom before ending in Calabar. It is meant to connect western and south-eastern regions of the country and aims to improve cross-country connectivity and trade relations.

    It is on that backdrop therefore that you see former presidents, former vice presidents, ex-governors, ‘extinguished’ senators, former ministers and others, attack government and call public officials unprintable names, while unashamedly refusing to look themselves in the mirror, to see how they contributed in escorting Nigeria to where she is today. Shameless, they attack every step taken by the government and sponsor negative media insertions in the same direction.

    The most attractive vocation in Nigeria today, is to attack Tinubu and pour tar on his administration; and this would continue, even get worse. as 2027 draws closer. The idea is to attack the president, either directly, or send the missiles against his loyal aides and appointees, especially those manning strategic ministries, departments and agencies that are seen as critical to the success of the Renewed Hope Agenda. The overall mission is simple- Muffle and diminish the President’s positives and in the process, impact the government’s public perception in order to achieve the regime change project in 2027.

    In the ongoing anti-Tinubu war, the President’s First Eleven, must be attacked relentlessly and ferociously, as a way to either prod Tinubu to sack them or cause them enough distraction so that they would fail in their mandate of helping the administration achieve results. 

    It is therefore no surprise, that Dr. Bayo Ojulari, Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, who assumed office barely three months ago, is on the radar and has become a major prey of the hawks, the termites and the vultures of destruction and enemies of progress.

    Dr. Ojulari, unarguably, one of Nigeria’s brightest technocrats of the decade, was appointed by President Tinubu purely on merit and in recognition of his enviable and intimidating record of achievements, especially in the oil and gas subsectors. His mandate was clear- reform the NNPCL and make the company fully functional and profitable to the nation and Nigerians.

    To effectively achieve set goals in a colossal organization like NNPCL, the management of the Company saw the need for a retreat, where all stakeholders, including local and international partners and interests, would have the opportunity brainstorm, to take stock of what has happened in the past and fashion out the right way forward.

    Rather than seek to know what the retreat was mean to achieve and decisions therefrom as well as how all that would impact on the fortune of Nigeria’s petroleum sector and by extension, the nation’s economy, the hawks were concerned with telling the story of how participants and resource persons were transported to Kigali. Their allegation was that Dr. Ojulari and others travelled without first conducting public procurement bidding or what the writers decorated as due process.

    Are the authors of the so-called ‘exclusive report’ suggesting that before the management of NNPCL or any other government agency travel for official engagement in Nigeria or outside the country, they should wait until public bidding process is conducted to determine whether they would travel by bus, donkey, boat, train or plane as well as which company own the bus, trailer or plane they would travel with? 

    To make matters worse, the so-called exclusive investigative report was syndicated across four online easily known for similar basic instincts which exposed the transactional nature of the insertions.

    Nigerians already know that NNPCL is undergoing probe over some transactions especially those related to contracts awarded for rehabilitation of refineries and related matters, there is the need for the public to know that Dr. Bayo Ojulari became the CEO of NNPCL about three months ago and that he was not there when the contracts in issue were awarded and executed. It is neither Ojulari nor his management team that is being investigated.

    While we all agree that elected and appointed leaders should be subjected to public scrutiny and make them accountable to the people, well-meaning citizens should take all necessary precautions before drinking the coffee from the double-bellied coffee mug of some of critics. This is in view of the well-known fact that a huge number of them are bigoted by either of political biases, ethnic and religious prejudices or outright mischief and hatred for Nigeria while some others are ready to anything for money.

    Dr. Bayo Ojulari and the new management/Board, should be allowed to work without unnecessary distractions, so that we can objectively assess them on the merit of their performances, rather than on preconceived prejudices against NNPCL.

    *Bonaventure Phillips Melah is an Abuja based journalist and author.

  • HOSTCOM to Tinubu: disregard allegations against NNPCL’s GCEO Ojulari 

    HOSTCOM to Tinubu: disregard allegations against NNPCL’s GCEO Ojulari 

    The Board of Trustees and leadership of Host Communities of Nigeria Producing Oil and Gas  (HOSTCOM) has called on President Bola Tinubu to disregard what it described as the unsubstantiated and false allegation by a  group against the Group Chief Executive Officer GCEO, Engr. Bayo Ojulari and new management of Nigerian National Petroleum Company Limited (NNPCL).

    A statement on Saturday  by High Chief Francis Inegbeniki member, Board of Trustees of HOSTCOM, said Tinubu and Nigerians must understand it is a case of “ corruption fighting back” as certain corrupt individuals  have chosen to be mischievous and orchestrated the plot to undermine the reputation of Ojulari and NNPCL Management.

    The body said: “ It has been discovered also that the unknown Coalition was being sponsored by corrupt former top officials of NNPCL sacked by President Bola Ahmed Tinubu. 

    “The corrupt officials and their collaborators have realised  that it is no longer business as usual as Engr. Bayo Ojulari and his team were doing everything possible to ensure due process, transparency and accountability in the NNPCL”

    HOSTCOM also urged President to ignore calls to sack Ojulari, adding that the coalition and their sponsors  are not comfortable with the transformation that is ongoing in NNPCL, and they have resorted to peddling of lies and falsehood against Engr. Bayo Ojulari and management.

    Read Also: HOSTCOM youths hail Tantita’s boss on conferment of chieftaincy title

    It added: “ The new Board and management of NNPCL should be allowed to do their work. We urge President Bola Tinubu to ignore the mischief-makers as their plan is to malign the reputation of Bayo Ojulari, and also to distract him from continuing the good work he is doing in NNPCL.

    “ The Constitution prohibit making false allegation.  The relevant agencies must identify the sponsors and bring them to face the law. We urge Bayo Ojulari and the new Management team of NNPCL to remain focused, determined and committed to delivering on the assignment to transform the NNPCL and completely erase corruption from the Oil company.

    “ For the record, President Bola Ahmed Tinubu appointed Bayo Ojulari  to clean up, overhaul the NNPCL and reposition NNPCL for greater productivity. We have absolute confidence in Engr. Bayo Ojulari and NNPCL Management. The new Board and management of NNPCL should give priority to revamping PH, Warri and Kaduna Refineries grounded by this same corrupt officials, despite Hundreds of Billions of Naira they claimed to have been spent on repairing the Refineries with no results.

    “We know that Engr. Bayo Ojulari’s plan is to reposition NNPCL and he is making efforts to get the Refineries working. Finally, we say, allow Bayo Ojulari to work for Nigerians.”

  • Top 10 countries with largest reserves in 2025

    Top 10 countries with largest reserves in 2025

    Oil reserves remain a central pillar of the global energy system, underpinning economies and shaping geopolitical influence. Countries with the highest proven reserves enjoy a strategic advantage, as oil continues to power transportation, industry, and electricity generation worldwide. Beyond their economic value, these reserves play a critical role in international trade and political relations, positioning oil-rich nations as key players on the world stage.

    Here are top 10 countries with the Largest Reserves in 2025

    1. Venezuela – 303 billion barrels

    Venezuela remains the world leader in proven oil reserves, thanks to its vast heavy crude deposits in the Orinoco Belt. However, production remains low—averaging 742,000 barrels per day in 2023—due to international sanctions, ageing infrastructure, and ongoing political instability.

    2. Saudi Arabia – 267 billion barrels

    Saudi Arabia holds some of the most accessible and cost-effective reserves globally. The kingdom remains a key player in global oil markets through the influence of state-run Saudi Aramco and its leadership role within OPEC.

    3. Iran – 209 billion barrels

    With massive reserves under its belt, Iran remains a major force in oil geopolitics. However, international sanctions continue to restrict its full production potential and market access.

    4. Canada – 168 billion barrels

    Canada’s oil wealth is primarily located in Alberta’s oil sands, accounting for over 95% of its reserves. While extraction costs are high, strong ties to U.S. markets and steady investment help sustain production levels.

    5. Iraq – 145 billion barrels

    Iraq plays a critical role in the Middle Eastern oil landscape, leveraging its vast reserves for strong export capacity. However, its oil sector occasionally faces setbacks due to regional security concerns.

    6. United Arab Emirates – 113 billion barrels

    The UAE’s oil reserves, largely located in Abu Dhabi, are managed by state oil giant ADNOC. While oil remains central, the country is actively investing in economic diversification across tourism, finance, and renewable energy.

    7. Kuwait – 101.5 billion barrels

    Approximately 70% of Kuwait’s reserves are found in the massive Burgan Field. The country continues to invest heavily in refining and petrochemical capacity, including major projects like the Al Zour refinery.

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    8. Russia – 80 billion barrels

    Russia’s reserves are spread across Siberia and Arctic regions. Despite facing sanctions from the West, it remains a top global producer and a strategic member of the OPEC+ alliance.

    9. United States – 68.8 billion barrels

    With significant shale oil reserves, the U.S. ranks ninth globally but leads the world in oil production. As of April 2025, U.S. output reached a record 13.2 million barrels per day.

    10. Libya – 48.4 billion barrels

    Libya holds Africa’s largest proven oil reserves, mainly located in the Sirte Basin. Political instability continues to disrupt output, but the nation’s reserve base remains robust.