Tag: #OilAndGas
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NUPRC REMINDS INVESTORS: PRE-QUALIFICATION FOR 2025 LICENSING ROUND CLOSES FEB 27
Time is running out for companies looking to grab a slice of Nigeria’s oil and gas sector—50 blocks up for grabs in the 2025 Licensing Round. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that registration and submission for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4:30 p.m. on Friday, February…
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*PENGASSAN URGES LEGISLATIVE SCRUTINY OF EXECUTIVE ORDER *
Oil and gas workers warn that bypassing lawmakers could threaten sector stability, investment, and jobs. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the government to submit proposed changes under Executive Order 9 to the National Assembly for proper legislative review. President Festus Osifo said the Feb. 13 order,…
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NNPC POSTS N60.5TRN REVENUE, N5.7TRN PROFIT IN 2025
Despite operational hiccups, Nigeria’s oil giant stays profitable. The Nigerian National Petroleum Company Limited has announced N60.5 trillion in revenue and N5.76 trillion profit after tax for 2025, according to its December report. Average crude oil output was 1.54 million barrels per day, while natural gas production averaged 6,914 mmscfd, peaking mid-year at over 7,500…
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AFRICAN ENERGY BANK TO RAISE $15BN FOR CONTINENTAL OIL & GAS BY 2030
Africa aims to fuel its energy future while creating half a million jobs! The African Energy Bank (AEB) is set to mobilize $15 billion by 2030 to finance oil and gas projects across Africa, creating over 500,000 direct jobs in the midstream sector, the Association of Petroleum Producers’ Organisation (APPO) has announced. APPO Secretary-General Farid…
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FG PUSHES PERFORMANCE-DRIVEN LOCAL CONTENT FOR AFRICA’S GAS BOOM
From box-ticking to real industrial power — Nigeria wants local content that delivers jobs, tech and global competitiveness. The Federal Government is calling for a major rethink of Africa’s local content strategy, urging a shift from compliance-based rules to performance-driven frameworks that can truly power industrial growth in the gas sector. Speaking at the 2026…
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FUEL PRICE ALERT: EXPERTS WARN 15% IMPORT DUTY ON PETROL AND DIESEL MAY PUSH PRICES HIGHER
Energy experts are raising alarms over the Federal Government’s recent approval of a 15 percent import duty on petrol and diesel, cautioning that consumers could soon face a fuel price hike of up to N150 per litre or more. Dr. Ayodele Oni from Bloomfield Law Practice highlighted that while the policy aims to protect and…
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DANGOTE-PENGASSAN MEETING ENDS IN DEADLOCK; STRIKE CONTINUES
Over 800 sacked workers remain a key issue as talks stall, fueling ongoing strike in oil sector. A nine-hour conciliation meeting between the Federal Government, PENGASSAN, and Dangote Group over the dismissal of 800 workers ended with no agreement on reinstatement and unionisation. Minister of Labour Muhammad Dingyadi said progress was made, but key issues…
