Tag: #OilAndGas
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OIL, GAS LEADERS BACK REFORMS, STRONGER LOCAL CONTENT TO DRIVE GROWTH
Nigeria’s oil and gas industry leaders have identified policy stability, investment incentives and stronger local content implementation as key to sustaining growth in the sector. They spoke on Tuesday during a panel session at the ongoing Society of Petroleum Engineers (SPE) conference in Lagos. Executives from Chevron Nigeria, TotalEnergies, NNPC Engineering and Technical Company (NETCO)…
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SPE CALLS FOR STRONGER COLLABORATION TO DRIVE NIGERIA’S ENERGY FUTURE
The Society of Petroleum Engineers (SPE) has called for stronger collaboration, innovation and resilience among government, regulators and industry stakeholders to position Nigeria for sustainable growth in the changing global energy landscape. Speaking at the 49th Nigeria Annual International Conference and Exhibition (NAICE 2026) in Lagos, SPE Nigeria Council Chairman, Mr Francis Nwaochei, said Nigeria’s…
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NAVY RECOVERS 13,000 LITRES OF AUTOMOTIVE GAS OIL IN RIVERS
The Nigerian Navy has recovered approximately 13,000 litrs of product suspected to be illegally refined Automotive Gas Oil (AGO) in Rivers after disrupting an illegal fuel distribution hub. This was contained in an operational report made available to journalists on Wednesday July 26 in Abuja, by the Director of Naval Information, Navy Capt. Abiodun Folorunsho.…
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SAO TOME’S REJECTED OIL BIDS HIGHLIGHT URGENT DIVERSIFICATION LESSONS FOR NIGERIA
The decision by Sao Tome and Príncipe to reject bids for three offshore oil blocs is raising important questions about the future of oil investment and what it means for Nigeria’s economy. Despite offering investors highly attractive terms, including up to 85 per cent ownership stakes, the Central African nation received bids from only two…
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NIGERIA EXCEEDS OPEC OIL PRODUCTION QUOTA AS OUTPUT HITS 74-MONTH HIGH
Nigeria’s crude oil and condensate production rose to an average of 1.735 million barrels per day (bpd) in June 2026, marking the fourth consecutive month of growth and pushing the country above its Organisation of the Petroleum Exporting Countries (OPEC) production quota. Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that crude…
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CSOs CALL FOR NUPRC REFORMS, GREATER BENEFITS FOR OIL HOST COMMUNITIES
Civil society organisations in Akwa Ibom have called for the unbundling of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to improve efficiency and strengthen benefits for oil-producing host communities. The groups made the call in a communique issued after a two-day advocacy workshop for traditional rulers on impact assessments in oil-producing regions. The organisations also…
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DANGOTE SETS SIGHTS ON IPO, TO SELL 10% OF REFINERY
Africa’s biggest refinery is heading to the market — and investors could soon own a slice of Dangote’s $20bn oil giant. Washington D.C., April 16, 2026 — The Dangote Group has unveiled plans to sell a 10 per cent stake in its 650,000 barrels-per-day refinery through a Pan-African Initial Public Offering (IPO) in 2026. President…
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INSURANCE CASH SURGE: SECTOR RAKES IN ₦2.3BN AS OIL & GAS TAKES THE LEAD
Nigeria’s insurance industry just had a solid quarter—think of it as a financial “rainy day fund” that actually saw sunshine, pulling in billions while oil & gas and fire cover stole the spotlight. The Nigerian insurance sector recorded a strong performance in Q4 2025, with gross premium hitting ₦2.301 billion, according to the National Insurance…
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FOCUS ON FUEL SUPPLY, NOT PRICE CONTROL – EXPERT TELLS FG
As global tensions shake oil markets, an energy expert is warning Nigeria—keeping fuel flowing matters more than fixing prices. Energy economist Wumi Iledare has advised the Federal Government to prioritise stable fuel supply over price control, saying it’s the key to economic stability amid global oil market disruptions. Speaking in Lagos, Iledare warned that trying…
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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…
