Energy
PENGASSAN Champions Robust Corporate Governance In Oil, Gas Sector
President of Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, said the long-term sustainability of Nigeria’s oil and gas industry hinges on a collective commitment to environmental stewardship, embedded in upholding robust corporate governance.
He bared his mind at the 2025 PENGASSAN Energy and Labour Summit (PEALS 2025) at the weekend in Abuja.
He commended President Tinubu for laying a strong foundation for achieving incremental production and attracting investment.
He cited the recent signing of executive orders aimed at shortening the contracting cycle, supporting non-associated gas development, extending the duration of third-party contracts and introducing performance-based tax incentives.
On his part, Engr. Bashir Bayo Ojulari, Group Chief Executive Officer, NNPC Limited, reaffirmed the company’s strategic direction towards value creation, competitiveness and efficiency as the foundation of its new business model.
He underscored the company’s renewed focus on operational excellence and investor confidence, driven by the provisions of the Petroleum Industry Act (PIA) and global market dynamics.
According to him, resilience for the Nigerian oil and gas sector must translate into concrete reforms across operations, governance, and partnerships.
“With the Petroleum Industry Act (PIA), we now have a framework to transform our investment climate. NNPC Limited is now operating under a new business model, focused on value creation, competitiveness, and efficiency. This includes restructuring joint ventures, monetizing assets, and investing in critical infrastructure across the value chain.” Ojulari reiterated.
He emphasised that beyond production volumes, the future of Nigeria’s oil and gas industry rests on strong Environmental, Social, and Governance (ESG) practices, adding that global investors and communities alike now judge energy companies not only by what they produce, but how responsibly they produce it.
“Today, oil and gas companies are judged not only by what they produce, but how they produce it. Environmental stewardship, social responsibility, and sound governance are now critical metrics for accessing capital, winning community support, and sustaining growth. NNPC Limited has initiated an Energy Transition Roadmap—reducing our carbon footprint, investing in gas as a transition fuel, and improving transparency.” he revealed.
He emphasised the need for stranded assets and boost in-stakeholder alignment to unlock incremental production through smarter, coordinated actions across the value chain.
ALSO READ: Russia and Israel are Bigger than UN
He called for collaboration between PENGASSAN, labour unions, investors, government and industry stakeholders towards assuring stability, de-risking the environment and creating conditions for sustainable growth. Every additional barrel and gas molecule contribute directly to national prosperity and energy security, he added.
Commending PENGASSAN for its pivotal role in strengthening Nigeria’s energy workforce, the GCEO reaffirmed NNPC Ltd.’s commitment to innovation, collaboration, and national development urging all stakeholders to embrace resilience as a deliberate choice for the future.
Energy
Shell Completes Turnaround Maintenance on FPSO, Resumes Production at Bonga
The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has completed the turnaround maintenance on the Bonga Floating Production, Storage and Offloading (FPSO) vessel, leading to resumption of production at Nigeria’s premier deepwater field on March 6, 2026.
Biztellers reports that the project was delivered 11 days ahead of schedule and without any safety incident, reinforcing SNEPCo’s longstanding commitment to operational excellence and asset integrity.
“Completing the turnaround safely and ahead of schedule is a testament to the dedication and professionalism of our Nigerian workforce and the helpful support of our partners,” SNEPCo Managing Director Ronald Adams said. “The achievement not only secures the long‑term integrity of the Bonga FPSO but also positions us strongly for the successful delivery of the Bonga North project, which will leverage the improved reliability of the FPSO.”
The exercise which began on February 1, 2026, highlights SNEPCo’s leading role in advancing deep‑water expertise in Nigeria. Of the 55 companies involved in the execution, 43 were wholly Nigerian. Additionally, eight of the 12 international service providers maintain operational bases in Nigeria, contributing to knowledge transfer and increased local investments.
More than 1,000 personnel worked offshore during the turnaround, with over 95% being Nigerians involved in maintenance, engineering, operations, inspection and construction. Thousands more supported activities from onshore locations, reflecting the depth of Nigerian capability in offshore oil and gas operations.
Adams added: “We acknowledge the support of several stakeholders towards the successful execution of the exercise, including the NNPC Upstream Investment Management Services (NUIMS), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Content Development and Monitoring Board (NCDMB) and our partners.”
Business
Sahara Group expands fleet with new 40,000 cbm LPG Carrier
Modupe Asudo
Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.
The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.
Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.
He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.
President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.
According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.
“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.
With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.
Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.
He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”
Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.
The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.
Energy
Nigeria’s Crude Output Falls to 1.3mbpd
Nigeria’s crude oil production dropped to 1.31 million barrels per day in February, even as local refineries continue to grapple with inadequate domestic crude supply needed to sustain operations.
The development shows that Nigeria again failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries (OPEC), as output declined sharply in February 2026.
Data from OPEC’s latest Monthly Oil Market Report, based on direct communication from member countries, showed that Nigeria produced 1.314 million barrels per day in February, down from 1.459 mbpd recorded in January.
ALSO READ: Chevron Reiterates Commitment to Niger Delta Development
The figures indicate a month-on-month decline of 146,000 barrels per day, widening the country’s shortfall from its OPEC production allocation.
Nigeria’s inability to meet its OPEC production quota is not only affecting its oil export earnings but also adversely impacting domestic refineries that are starved of feedstock for their operations.







g0ovgh
https://shorturl.fm/DJgbg
https://shorturl.fm/Rb7E8
2iq4k1
0h1th4
You have noted very interesting points! ps nice website.
I haven¦t checked in here for some time as I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Hey, I think your website might be having browser compatibility issues. When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, superb blog!
I’ve recently started a site, the info you provide on this web site has helped me greatly. Thanks for all of your time & work.
46m71p
v87wm7
I?¦m not sure the place you’re getting your info, but good topic. I needs to spend a while learning more or understanding more. Thank you for great information I used to be on the lookout for this info for my mission.
This really answered my problem, thank you!
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored material stylish. nonetheless, you command get got an shakiness over that you wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly very often inside case you shield this hike.
I’m extremely inspired along with your writing abilities and also with the format on your weblog. Is that this a paid topic or did you customize it yourself? Anyway keep up the nice high quality writing, it’s rare to look a great weblog like this one nowadays..
You made some respectable factors there. I looked on the web for the issue and found most individuals will go together with together with your website.
I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
I used to be recommended this web site through my cousin. I’m now not certain whether this submit is written through him as no one else recognise such certain about my trouble. You are amazing! Thanks!
That is really fascinating, You’re an excessively professional blogger. I have joined your feed and look forward to in search of extra of your great post. Additionally, I’ve shared your web site in my social networks!
I haven?¦t checked in here for some time since I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
I have not checked in here for a while since I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my daily bloglist. You deserve it my friend 🙂
Hi my family member! I want to say that this article is amazing, great written and include approximately all important infos. I’d like to look more posts like this .
Rattling great information can be found on website. “The fundamental defect of fathers is that they want their children to be a credit to them.” by Bertrand Russell.
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
What i do not realize is in truth how you are not actually a lot more smartly-preferred than you may be now. You’re very intelligent. You understand thus significantly when it comes to this subject, made me individually consider it from numerous numerous angles. Its like women and men are not interested unless it is something to accomplish with Lady gaga! Your individual stuffs outstanding. At all times deal with it up!
Some genuinely nice stuff on this website , I love it.
Magnificent web site. Lots of useful information here. I am sending it to some friends ans also sharing in delicious. And certainly, thanks for your effort!
I as well as my guys have been checking the best key points from your web page then unexpectedly I had a terrible suspicion I never thanked you for those strategies. Those guys were definitely joyful to study all of them and have in fact been loving those things. Appreciation for getting simply kind and then for opting for variety of superb issues most people are really desperate to learn about. My honest apologies for not saying thanks to earlier.
Nice blog here! Additionally your web site quite a bit up very fast! What web host are you the usage of? Can I am getting your associate link in your host? I wish my site loaded up as fast as yours lol
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.