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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Petroleum Industry Act
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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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DevelopmentHealthcareNigeriaOil & Gas
NNPC/Heirs Energies Launch Free Medical Outreach for Over 4,500 Residents in Rivers State
The NNPC/Heirs Energies Joint Venture (JV) OML 17 Host Communities Development Trust (HCDT) has kicked off a large-scale medical outreach in Port Harcourt, Rivers State, targeting over 4,500 residents across …
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EconomyEnergyInfrastructureINVESTMENTNatural ResourcesNigeriaPolicies
Nigeria’s Gas Wealth and the Promise of MDGIF: Turning Potential into Prosperity
With over 206 trillion cubic feet of natural gas, Nigeria holds one of the largest gas reserves in the world, yet decades of underutilisation have kept this abundant resource from …
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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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Business and EconomyEnergyGOVERNMENTLeadershipNigeriaWestern Africa
Tinubu Sacks NNPC Board, Appoints New Leadership
President Bola Tinubu has dissolved the board of the Nigerian National Petroleum Company (NNPC), including Group Chief Executive Officer Mele Kyari and board chairperson Pius Akinyelure. In a statement by …