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 …
NUPRC
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EnergyEnvironmentInternational RelationsOil & Gas
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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 …
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DevelopmentEnergyEnvironmentGOVERNMENTNigeriaOil & Gas
NEITI Launches Framework to Improve Transparency and Climate Accountability in Nigeria’s Extractive Sector
The Nigeria Extractive Industries Transparency Initiative (NEITI) has introduced a new Energy Transition and Climate Accountability Framework. This new move is aimed at helping Nigeria manage its oil, gas, and …
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EconomyEnergyGOVERNMENTINVESTMENTNigeriaOil & GasPress ReleasesWestern Africa
ExxonMobil to Invest $1.5 Billion in Nigeria’s Deepwater Oil Fields
Oil giant ExxonMobil has announced it will invest $1.5 billion in Nigeria’s deepwater oil exploration and development over the next two years. The company said this fresh investment will be …
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Business and EconomyEconomyEnergyNigeriaOil & GasWestern Africa
Nigeria’s Crude Oil Reserves Now 37.28 Billion Barrels – NUPRC Boss
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that Nigeria’s crude oil and condensate reserves have reached a total of 37.28 billion barrels, with gas reserves standing at …
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AfricaAFRICA NEWSBusinessNewsNigeriaOil & GasTechnologyWestern Africa
NNPC launches crude oil theft monitoring applications
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was held in Abuja on the …