Uche Cecil Izuora The Nigerian Liquified Natural Gas (NLNG) Train-7 project now underway is ready to receive feedstock in volume as TotalEnergies fast tracks to key prolific oil fields which would deliver significant benefits to the project. The French energy giant says the Ubeta deepwater project and Ima shallow water offshore field are on course to achieve first oil in 2027 and fourth quarter (Q4) of 2028, respectively. The two projects are expected to boost gas supply to the nearby Nigeria LNG Limited. The Deputy Managing Director of TotalEnergies E&P Nigeria Limited in charge of Deepwater Assets, Mr. Victor…
Author: Orientalnews Staff
Uche Cecil Izuora The Crude Oil Refinery-owners Association of Nigeria (CORAN) has joined top Nigerian companies promoting the upcoming International African Energy, Oil and Gas Summit (IAEOGS 2026). The CORAN officially joined IAEOGS 2026 as an Official Strategic Partner. As Africa shifts its focus toward domestic refining capacity, energy independence, and intra-continental trade under the AfCFTA, CORAN’s presence brings major private-sector refinery owners and modular operators to the table. This partnership directly connects West African processing expertise with Southern Africa’s massive upstream exploration boom. The organizing committee of the Summit also named two major industry giants Green Energy…
Uche Cecil Izuora The African Energy Chamber (AEC) has reaffirmed its support for Venezuelans hydrocarbon development strategy as the country seeks to attract upstream oil and gas investment following recent energy sector reforms. The Chamber made its position known during high-level meetings with government and industry officials. The AEC delegation, led by Executive Chairman NJ Ayuk and Senior Vice President Verner Ayukegba, met with Acting President Delcy Rodríguez, Minister of Hydrocarbons Paula Henao, PDVSA President Héctor Obregón and other senior officials to discuss expanding international cooperation, accelerating upstream investment and advancing project development. The meetings follow the publication in July of regulations implementing Venezuela’s Organic Hydrocarbons Law, which…
Uche Cecil Izuora Hope and prospects for reopening the Strait of Hormuz remained uncertain over the weekend after Iran rejected direct negotiations with the United States, signaling that a shipping agreement for the critical energy chokepoint may not be imminent. Iranian Foreign Minister Abbas Araghchi said Tehran would not resume direct talks while accusing Washington of violating a short-lived memorandum of understanding reached earlier this year. According to Iranian state media, Araghchi said messages continue to be exchanged through intermediaries rather than through direct negotiations. The comments come after Iran recently indicated that an agreement with Oman to establish…
emisi Izuora Aliko Dangote, has expressed confidence of his company meeting estimated revenue growth in the next four years. He said detailed internal modelling had reinforced management’s confidence that the Group’s target of generating US$100 billion in annual revenue by 2030 was achievable. Dangote said this when Senior executives from leading global investment banking and financial services firm Goldman Sachs toured the company’s integrated petroleum refinery, petrochemicals and fertiliser complex in Lagos. The delegation, led by Co-Chief Executive Officer of Goldman Sachs International and Global Co-Head of Investment Banking, Anthony Gutman, visited the Dangote Petroleum Refinery & Petrochemicals, Dangote Fertiliser…
Tunde Bakare The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Lagos, on Thursday, August 6, 2026, handed over the sum of N125,000,000.00 (One Hundred and Twenty-five Million Naira) to the victim of an alleged land fraud, Akinsewa Akiode. The recovery of the funds, handed over in Sterling Bank drafts, followed a petition submitted by Akiode, who alleged that one Olufemi Omoola Fashehun defrauded him of N125,000,000.00 (One Hundred and Twenty-five Million Naira) under the pretext of selling to him a parcel of land measuring 550 square metres, located at No. 10, Kudirat Abiola Way, Oregun, Lagos State. The petitioner further alleged that the…
Tunde Bakare The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) on Wednesday, August 5, 2026, arraigned Jacob Acheneje Okolo, Yakubu Wisdom Onu Solomon and Issa Aloba Lateef for an alleged N652.18m theft before Justice Olubunmi O. Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos. The defendants, alongside two companies, Upper-Level Energy Resources and Crescent Integrated and General Merchandise Limited, were to be arraigned on July 8, 2026. However, the arraignment could not proceed as scheduled due to the absence of the fourth defendant, Lateef, proprietor of Crescent Integrated and General…
Ken Okeke The Minister of Aviation and Aerospace Development, Festus Keyamo, Chairman of Bi-Courtney Aviation Services Limited, Dr. Wale Babalakin and Chairman of Air Peace Limited, Allen Onyema are the leading dignitaries billed to lead discussions at the 30th edition of the League of Airports and Aviation Correspondents (LAAC) Annual Conference schedule to hold on Thursday, September 10, 2026, at the Providence Hotel, Ikeja, Lagos. The conference, which has become Nigeria’s foremost aviation industry dialogue platform, will bring together top government officials, aviation regulators, airline operators, airport managers and other stakeholders in the aviation industry to deliberate on the…
Tunde Bakare The Economic and Financial Crimes Commission (EFCC), has arrested one Odigie Moses, a self-acclaimed spiritualist for alleged sextortion to the tune of $1,100 (One Thousand, One Hundred Dollars). He was arrested in Ekpoma, Edo State. The suspect, who misrepresented himself on Zelle, a social media platform as possessing spiritual healing powers, was contacted by his victim, an Indian woman, who was in need of spiritual intervention on some life-threatening challenges. The suspect subsequently deceived her into taking a naked spiritual bath, which he recorded live without her permission, and thereafter blackmailed her to send him money, else he would…
Tunde Bakare The Nigerian Press Council (NPC) has sought collaboration with the Economic and Financial Crimes Commission, EFCC, in the fight against corruption, economic and financial crimes. The request was made on Wednesday, August 5, 2026 when NPC’s Executive Secretary, Dr. Dili Ezughah led the top management team of the Council on a courtesy visit to EFCC’s corporate headquarters. Ezughah who praised the Commission for its productive engagement with the media commended the Commission for its “unwavering commitment to transparency, accountability, integrity and good governance,” noting that such commitment had significantly advanced the country’s fight against corruption. He described the EFCC as a…