NMDPRA Ties Petrol Import Licences to Verified Supply Gaps as Local Refining Expands
Nigeria’s petroleum regulator plans to tie petrol import licences to transparent assessments of supply shortfalls as local refineries take a ...
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Tag: #OilAndGas
FG Moves to Reclaim Undeveloped Oil Assets, Warns Operators Over Licence Hoarding
The Federal Government says oil companies must develop licensed assets or risk losing them as Nigeria seeks to increase petroleum ...
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NNPC Targets Three Million Barrels Daily as Nigeria’s Oil Production Rises to 1.82mbpd
National oil company calls for sustained drilling, improved security and stronger investment as Nigeria intensifies efforts to increase crude production ...
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NUPRC Recovers Over 50 Dormant Oil Fields, Moves to Enforce Drill-or-Drop Policy
Nigeria's upstream regulator is tightening acreage management rules to prevent operators from holding undeveloped oil assets indefinitely as the government ...
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Nigeria Opens 40 Oil Blocks as Upstream Investments Hit $47.6bn
The Federal Government has launched the 2026 oil licensing round across onshore, shallow-water and deepwater terrains as crude and condensate ...
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Nigeria Produces 307m Barrels of Crude, Condensate in Six Months as Output Recovers
NUPRC data show combined crude oil and condensate production averaged about 1.67 million barrels per day between March and August, ...
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NMDPRA Proposes 138 Rules to Curb Monopoly, Price-Fixing in Nigeria’s Oil Sector
The petroleum regulator wants tougher competition rules covering price-fixing, collusion, infrastructure access, mergers and abuse of dominant market positions across ...
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FG Records Gains Against Oil Theft as Nigeria’s Crude Production Recovers
Federal Government says improved pipeline surveillance and security operations are reducing crude theft and supporting higher production, as authorities seek ...
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Global Diesel Shortage May Persist Into 2027 as Inventories Fall to Historic Lows
The global diesel shortage could extend into 2027 as wars in Iran and Ukraine disrupt supplies, drain inventories and push ...
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LEKOIL Targets 100,000bpd as Nigerian Oil Producer Moves to Scale Up Assets
Indigenous energy company LEKOIL Nigeria Limited is targeting crude oil production of 100,000 barrels per day, outlining an ambitious expansion ...
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