As part of a strategy to draw more fresh investments into Nigeria’s upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has presented Petroleum Prospecting Licences...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has welcomed ExxonMobil’s decision to invest $1bn in the Usan Infill Project located in Oil Mining Lease 138. The...
The Nigerian Content Development and Monitoring Board (NCDMB) says it will commence a joint industry-wide audit of in-country manufacturing and service capacities in the third quarter...
In a move showing sustained activity in her upstream petroleum sector despite a moderation in permit volumes compared to the previous quarter, the Nigerian government issued...
There are mounting concerns over possible consumer exploitation in Nigeria’s downstream petroleum sector with fuel prices failing to be in line with the sharp drop in...
Despite persistent Liquefied Petroleum Gas (LPG) prices and persistent concerns over domestic energy shortages, Nigeria flared approximately 76.92 billion standard cubic feet of natural gas between...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day (bpd), following recent...
New crude grade variants, Utapate and Cawthorne, have boosted Nigeria’s crude oil production by 12.16 million barrels. The crude grades, introduced in 2024 and early 2026,...
The deadline for submitting technical and commercial bids by prequalified applicants participating in Nigeria’s ongoing 2025 Licensing Round has been set for Friday, June 12, 2026,...
A sharp decline in oil drilling activities which has led to the loss of five active rigs within a month might be threatening Nigeria’s revenue outlook....
