Browsing Tag
Oil and Gas
9 posts
Nigeria Plans 300,000bpd Production Boost Following 2026 Licensing Strategy
The Nigerian government projects a 300,000 barrel per day increase in oil production through the 2025 licensing round, with plans for further expansion in 2026 to reach national output goals.
Nigeria Pulls 13 Oil Blocks After No Bids Received
Thirteen oil and gas blocks are returning to the national licensing pool after failing to receive bids during Nigeria's 2025 Licensing Round.
Revitalizing the Nigerian Oil Sector: NUPRC’s Strategic Transformation
Under the leadership of Oritsemeyiwa Eyesan, the NUPRC is boosting Nigeria's oil sector through regulatory reforms, increased production, and a push for greater transparency and international investor engagement.
Nigeria Approves $11.50 Tax Break for Shell to Advance $20 Billion Bonga Deepwater Project
Nigeria has approved an $11.50 per barrel tax credit for Shell to restart the long-delayed Bonga Southwest Aparo oil project, aiming to attract $20 billion in foreign investment.
NUPRC Awards Oil Licences to 12 Firms as New Deepwater Project Emerges
The NUPRC has issued 19 petroleum prospecting licences to 12 firms, while ESSO Exploration announced a $300 million deepwater investment project in Nigeria.
Dangote Refinery implements fourth fuel price cut in one month
The Dangote Refinery has cut petrol prices for the fourth time in a month, marking a cumulative reduction of N200 per litre as it seeks to stabilize local energy costs.
NNPC Reports 12.8 Percent Revenue Decline for May 2026 Amid Production Gains
The NNPC reported a revenue decline to N4.335 trillion in May despite an increase in crude oil and natural gas production levels.
Defense Minister Musa Reports Drop in Niger Delta Criminality
Defense Minister Christopher Musa reports a decrease in criminal activities in the Niger Delta and highlights improved oil production and community collaboration.
Enahoro Ojiefoh Predicts Fuel Price Decrease in Coming Weeks
Former Commissioner Enahoro Ojiefoh projects that fuel prices in Nigeria will likely decrease within the next two to three weeks once existing stocks are sold off.