The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …
NUPRC
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BusinessEconomyEnergyGOVERNMENTNigeriaOil & Gas
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BusinessEconomyEnergyGOVERNMENTOil & GasPolitics
Oil Companies Oppose Govt’s Order to Supply Dangote, Local Refineries
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that many oil companies in Nigeria opposed the Federal Government’s directive to supply crude oil to local refineries, including the Dangote …
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BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
Shell Buys 12.5% Bonga Oil Stake From TotalEnergies in $510m Deal
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has directed that all crude oil and petroleum product exporters must obtain an export permit, vessel clearance, and a Unique Identification Number (UIN) …
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EnergyEnvironmentInternational RelationsOil & Gas
UK Reaffirms Support for Nigeria’s Energy Transition and Anti-Gas Flaring Efforts
The British High Commission in Abuja has once again expressed its strong commitment to supporting Nigeria’s energy transition, especially efforts to cut down gas flaring and move towards a more …
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Crude oil refiners in Nigeria have raised alarm over their inability to access crude oil locally, blaming the situation on oil producers’ preference to sell crude to international traders in …
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AfricaDevelopmentEconomyEnergyInfrastructureNigeriaOil & Gas
Nigerian Oil Companies Now Lead Nation’s Crude Production as Indigenous Firms Surpass 50% Output Share
Nigeria’s oil and gas industry is undergoing a major transformation as local oil companies now produce more than half of the country’s total crude oil output. This development marks a …
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BusinessEconomyEnergyGOVERNMENTOil & Gas
PE Energy Submits First-Ever Engineering Audit on Upstream Measurement to NUPRC
PE Energy Limited, a leading energy services company in Nigeria, has officially submitted its Engineering Audit Report on Upstream Measurement Equipment and Facilities in the Nigerian oil and gas sector …
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BusinessEconomyEnergyInfrastructureNigeriaOil & Gas
Shell Lifts First Crude Cargo from New Otakikpo Terminal as Green Energy Targets Lower Production Costs
Shell has lifted the first crude oil cargo from Nigeria’s new Otakikpo onshore terminal, officially marking the start of operations at the $400 million facility developed by Green Energy International …
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BusinessEconomyEnergyGOVERNMENTOil & GasPolitics
President Tinubu Signs Executive Order to Cut Oil, Gas Costs and Attract More Investment into Nigeria’s Energy Sector
President Bola Ahmed Tinubu has signed a new Executive Order aimed at cutting the high cost of oil and gas production in Nigeria, increasing government revenue, and bringing in more …