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Seven Energy moves to develop gas supply in Nigeria

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…secures US$255M equity capital

ABUJA – Seven Energy International Limited an indigenous integrated oil and gas development, production and gas distribution company with interests in Nigeria, is pleased to announce that it has secured US$255 million of new equity capital, enabling the Group to further develop gas supply opportunities in Nigeria’s domestic energy market.

Temasek, the Singapore investment company, has committed US$150 million, the International Finance Corporation (“IFC”), a member of the World Bank Group, has committed US$75 million, and the IFC African, Latin American, and Caribbean Fund (“IFC ALAC Fund”) has committed US$30 million. The investments will be in two tranches, the timing of which is subject to the satisfaction of certain conditions in the investment agreements.

The institutions are investing in Seven Energy’s irredeemable convertible loan notes which bear no coupon and are akin to equity capital. On a converted and fully diluted basis, on full satisfaction of the investment agreements, the new investors would account for approximately 26% of the equity capital of the Group.

This new equity capital will assist Seven Energy in the development of its growing portfolio of assets in Nigeria, where the Group is focusing on the development of upstream reserves and resources and gas infrastructure to provide gas to the domestic market for power generation and industrial consumption.

Through its gas processing, distribution and marketing subsidiary, Accugas Limited (“Accugas”), and its recent acquisition of the East Horizon pipeline, the Group has to date invested approximately US$1 billion in south-eastern Nigeria. This reinforces the Group’s position as a leading integrated gas company in Nigeria. The Group aims to capture the growing demand for gas and power as Nigeria’s industrial base grows and the liberalisation of the power sector spurs further investment in generating capacity.

The Group has long-term take-or-pay gas sales agreements in place to sell over 1.4 trillion cubic feet of gas. A 10 year contract to supply 43.5 million cubic feet of gas per day (“MMcfpd”) to Ibom Power; a 20 year contract to supply 131 MMcfpd to the federally-owned power plant at Calabar; and a 20 year contract to supply 25 MMcfpd to a cement plant in the Calabar area, increasing to 50 MMcfpd upon the anticipated expansion of the plant. The two power stations, which will have a combined installed capacity of approximately 750 MW when fully commissioned, will add an additional 20% of capacity to Nigeria’s current operating electricity generation capacity.

In collaboration with its customers and other stakeholders, Seven Energy is working to link its infrastructure together to establish a 300 km gas ring of 24-inch and 18-inch high pressure pipelines in Akwa Ibom and Cross Rivers states with total distribution capacity of 600 MMcfpd, capable of supplying the demand centres of Calabar, Uyo and Ikot Abasi, and giving access to Port Harcourt to the west. In addition, at Ekid, near the ExxonMobil Qua Ibo terminal, the Group owns a gas plant for treating and processing 200 MMcfpd of gas which is currently supplied from the Uquo Field where the Group is the 100% funding partner.

With this significant capacity built into its processing and distribution infrastructure, the Group is well-positioned to provide long-term gas supply for power generation as well as lower-cost fuel to local industries. The Group is currently in active discussions with a number of current, planned and potential off-takers with regards to future gas supply agreements.

The relative lack of investment in gas development for the domestic economy has resulted in most Nigerian industry and power generation relying heavily on imported diesel and fuel oil, which are significantly more expensive than locally-sourced natural gas.

Seven Energy’s Chief Executive Officer, Phillip Ihenacho, said of the equity investment:
“Seven Energy has developed a strong and strategically important position in the rapidly developing gas market in Nigeria. I am very pleased that the Group has gained the support of Temasek, IFC and the IFC ALAC Fund, all highly-respected global investors.

“These investments are a vote of confidence in Nigeria and in Seven Energy’s vision to be the leading supplier of gas in the country.”

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Gas

NLNG Change YourStory: Backs Digital Storytelling’s New Era

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No fewer than 40 journalists from print, broadcast, and digital media in Lagos participated in this year’s NLNG Change Your Story training workshop held in Lagos between March 11 and 13.

The workshop, themed “Re-calibrate, Create, Connect,” focused on artificial intelligence in journalism, data visualisation, digital tools for real-time reporting, and ways to combat misinformation.

During the 3-day capacity workshop, participants examined the changing landscape of journalism shaped by AI and digital communication. They also explored how new media technologies can support real-time reporting, extend audience reach across borders, and strengthen engagement on digital platforms.

ALSO READ: NGX Group, IFC, CSCS and WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Dr. Sophia Horsfall, General Manager, External Relations and Sustainable Development at Nigeria LNG Limited, charged the participants to apply the knowledge gained from the NLNG Change Your Story Capacity Workshop to improve the quality and credibility of their reporting. Horsfall, who spoke on the last day of it, described the workshop as part of NLNG’s broader effort to strengthen engagement with the media and support professional excellence in journalism. She encouraged participants to use the insights gained to improve the depth and credibility of their work.

“NLNG views this engagement as a strategic partnership. We provide the energy that powers nations and generates revenue for our nation; you provide the information that powers our minds. We have been proud to host you, but our pride will only be justified when we see the ‘New Standard’ in your next feature, your next broadcast, and your next investigative report. As you head back to your various stations, I urge you to take the spirit of this workshop with you,” she said.

The intensive programme combined expert-led discussions with practical sessions. Digital Communication specialist Mr. Dan Mason led sessions on digital storytelling, while media trainer Taiwo Obe facilitated a Journalism Clinic focused on newsroom practice and storytelling skills.

Mason described the NLNG programme as a relevant ingredient to grow the foundation for new digital skills among practitioners, noting that the Nigerian media industry is a vibrant sector with many energetic young people. “For me, it’s a really good place to work. I feel strongly that at each training session, people listened. ..It’s really about people going away with a little bit more confidence to say, I’m going to do this. I can do this. And in a way, that’s all you need.

“But, what you have here is the essential ingredient in developing journalism, which is the ability to make mistakes and then learn from them,” he said. He observed that Nigeria has an incredibly high rate of young people with an interest in news. According to him, research around the world shows that Nigeria stands out at the top, having young people who are interested in news.

“They care. In your use of mobile platforms, you are way ahead. People trust journalism and journalists. And while there may be issues with people or younger generations not wanting to look at the news, you’ve got such a great and strong foundation to build upon. So, I see hope and opportunity in Nigeria, though I also see the problems, because I’m a journalist. And I see fantastic opportunities here,” he added.

The Change Your Story initiative, launched by NLNG in partnership with The Journalism Clinic, is designed to strengthen professional capacity in the media industry. Since its launch in 2014, the programme has trained about 400 journalists from print, broadcast, and digital media across Nigeria.

The workshop, which began on Wednesday, concluded on Friday. At the end of the training, all participants were presented with certificates acknowledging their completion of the programme.

Nigeria LNG Limited (NLNG) has reinforced its commitment to strengthening journalism in Nigeria following the successful completion of the second edition of its #NLNGChangeYourStory workshop for 2026, held in Lagos.

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Sahara Group expands fleet with new 40,000 cbm LPG Carrier

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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.

Ghanaian President Mahama and Sahara Executive Directors

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.

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NCDMB reinforces commitment to inclusive energy growth

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Modupe ASUDO

The Nigerian Content Development and Monitoring Board has reiterated its commitment to advancing gender inclusion and sustainable capacity development in Nigeria’s oil and gas industry, spotlighting a $20m Women in Oil and Gas Intervention Fund.

The Board made this known at the 3rd edition of the Diversity Sector Working Group’s Women in Oil and Gas Conference and Mentorship Programme, held on March 3, 2026, at Eko Hotels and Suites, Lagos.

The conference, organised in collaboration with the Nigerian Content Consultative Forum, was themed ‘Breaking Barriers, Shaping the Future’, with a strong focus on building bridges and empowering women for a sustainable energy future.

Delivering his goodwill message, the Executive Secretary of NCDMB, Engr Felix Omatsola Ogbe, described women’s empowerment as a strategic lever for strengthening Nigeria’s energy ecosystem, particularly at a time the global industry was undergoing profound structural change.

He explained that the sector’s navigation of energy transition, rapid technological innovation and rising sustainability expectations increasingly requires broader perspectives, adaptive leadership and inclusive participation to remain competitive and resilient.

Represented by the General Manager Midstream PCAD, Ms. Lekoma Phimia, the Executive Secretary framed inclusion not as social advocacy but as sound economics, stressing that diversity consistently delivers measurable performance outcomes across industries.

“Inclusive organisations are more innovative, more resilient and more profitable. When women thrive, industries thrive. When women lead, economies grow. When women are empowered, communities prosper,” he stated.

To illustrate this point, the Executive Secretary referenced the leadership impact of Ms. Oritsemeyiwa Eyesan, Executive Chairman of the Nigerian Upstream Petroleum Regulatory Commission, describing her tenure as clear evidence of women’s capacity to drive sector-wide transformation at the highest levels.

According to him, such leadership exemplifies how competence and inclusion are helping to steer the industry through a period of accelerated change.

While acknowledging the progress recorded, Ogbe observed that systemic barriers had continued to limit the full participation of women across segments of the oil and gas value chain, stressing that addressing the constraints requires deliberate, structured and sustained interventions.

At the centre of NCDMB’s empowerment showcase, the Executive Secretary highlighted the Women in Oil and Gas Intervention Fund, a landmark $20m initiative established in partnership with the Nigerian Export-Import Bank to provide affordable financing exclusively to women-owned businesses operating within Nigeria’s oil and gas sector.

He explained that the fund offers single-digit interest rate loans with repayment tenors of up to three years, targeted at eligible companies with approved industry contracts. According to him, the initiative is designed to accelerate local capacity and enable women entrepreneurs to transition from peripheral participation to ownership and leadership across the oil and gas value chain.

Ogbe further disclosed that a complementary intervention, implemented in partnership with the Bank of Industry, extends structured business training and additional access to capital to women-owned enterprises. He noted that many beneficiaries have expanded from small service providers into competitive vendors now supporting major oil and gas operators nationwide, particularly in logistics and marine services, safety equipment supply and environmental management — segments where female entrepreneurs have historically faced limited access to financing.

Beyond financing, the Executive Secretary highlighted NCDMB-supported skills development programmes executed in collaboration with institutions such as the Petroleum Training Institute and accredited industrial training centres in Rivers and Bayelsa states. He cited the training of women in welding and fabrication, noting that many graduates are employed in fabrication yards and contribute directly to major oil and gas projects.

“These women are earning dignified livelihoods, breaking stereotypes and inspiring a new generation,” Ogbe said, emphasising that collaboration remains critical to scaling impact, citing partnerships with financial institutions, development partners, training institutions and industry stakeholders.

He commended the NCCF Diversity Sector Working Group for sustaining advocacy and dialogue on inclusion. “We must move beyond inclusion towards leadership — more women in technical leadership roles, executive positions and industry boards,” he added.

In her remarks, the Chairman of NCCF Diversity Sector Working Group, Dr Alero Onosode, described the conference as a celebration of progress, leadership and possibility, noting that NCDMB’s sponsorship reflects its strong institutional commitment to inclusion and shared prosperity. She observed that convening the conference in March — International Women’s Day month — was symbolic, coming at a time of renewed activity and reform across Nigeria’s oil and gas industry.

“Alongside this momentum, we are seeing the rise of women into visible and influential leadership roles — regulators, CEOs, directors, engineers and policymakers shaping strategy and transforming spaces that were once dominated by a single voice,” Onosode said.

She explained that the conference theme challenged stakeholders to move from representation to impact, urging deliberate collaboration across sectors, generations and perspectives.

“Building bridges means women and men working together, turning diversity into strength and collaboration into results,” she stated, calling on industry leaders to prioritise mentorship, sponsorship and intentional partnerships.

The conference concluded with a renewed call for inclusive capacity development, with NCDMB reaffirming its commitment to empowering women, strengthening Nigerian content and ensuring that Nigeria’s energy future is sustainable, inclusive and economically transformative.

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