Browsing Tag
Oil and Gas
27 posts
Unyenge community demands infrastructure repairs after bridge collapse
Residents of Unyenge, Akwa Ibom State, are protesting against oil companies, demanding the reconstruction of a collapsed bridge and better infrastructure after years of perceived neglect.
Seplat Energy Divests 10% Stake in NNPCL Joint Venture for $281.6 Million
Seplat Energy is selling a 10% stake in its NNPCL joint venture for $281.6 million to fund debt reduction and increase shareholder returns.
Federal Government Assures Successful Outcome for Nigeria’s 2026 EITI Validation
The Nigerian government anticipates a successful 2026 EITI validation, citing significant governance reforms and a focus on transparency as key drivers for a positive assessment.
Sir Ian Wood, Renowned Entrepreneur and Philanthropist, Passes Away at 84
Aberdeen businessman and philanthropist Sir Ian Wood has died at 84. He was known for building the Wood Group into a global energy giant and for his extensive charitable work.
Entrepreneur Aisha Achimugu Denounces Ongoing EFCC Harassment and Media Campaigns
Business leader Aisha Achimugu accuses the EFCC of orchestrating a malicious campaign of character assassination and illegal asset seizure, urging authorities to uphold the rule of law and protect her family and investments.
Nigeria expects 300,000 bpd increase via 2026 licensing bid round
The Nigerian government is targeting a production increase of 300,000 barrels per day through its latest oil block licensing round, with plans already underway for a follow-up 2026 bid phase.
NUPRC Selects 31 Winners for 37 Oil Blocks in Latest Licensing Round
The NUPRC has named 31 companies as winners of 37 oil and gas blocks following a competitive bidding round that drew interest from 143 firms.
31 Companies Secure 37 Oil and Gas Block Licenses in Latest Licensing Round
Nigeria has awarded 37 oil and gas blocks to 31 different companies following the 2025 licensing bid conference in Abuja.
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.