Browsing Tag
Oil and Gas
34 posts
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.
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.