Browsing Tag
Petroleum Industry Act
12 posts
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.
Energy Expert Explains Why Petrol Prices Remain High Despite Falling Crude Costs
Petroleum economics expert Prof. Wumi Iledare clarifies that fuel prices do not instantly fall with crude oil due to inventory costs, exchange rate volatility, and market-driven pricing structures.