Nigeria Nears 2.5m bpd Output Target as NUPRC Approves 28 New Oil Field Projects
Nigeria is edging closer to achieving its 2.5 million barrels per day (bpd) oil production target as the Nigerian Upstream ...
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Tag: #OilAndGas
NUPRC: 11 Crude Cargoes Rejected by Local Refiners Despite Supply Complaints
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that 11 crude oil cargoes offered to local refiners in one ...
Read moreNUPRC Cuts Signature Bonus by 90% to Boost Oil Sector Investment
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained the rationale behind its decision to lower the signature bonus from ...
Read moreNUPRC Marks Four Years with Major Achievements in Nigeria’s Upstream Oil Sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced landmark achievements in its four years of operation under the Petroleum ...
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NCDMB Urges Indigenous Oil Firms to Explore Deepwater Opportunities
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Ogbe, has called on leading indigenous oil ...
Read moreNigeria’s Fuel Import Bill Tops N4trn as Dangote Refinery Imports 60m Barrels of Crude in H1 2025
Nigeria’s ambition to achieve self-sufficiency in fuel production and fully harness the benefits of local oil refining remains uncertain, as ...
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NNPCL Seeks $60bn Investment to Boost Refining Capacity to 500,000 Barrels Daily
The Nigerian National Petroleum Company Limited (NNPCL) is seeking $60 billion in fresh investments to expand Nigeria’s refining capacity to ...
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NUPRC Completes Review of Marginal Oil Field Licences, Awaits Minister’s Approval
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded a case-by-case review of marginal oil field licences due for renewal, ...
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NNPCL Posts N185bn Profit in July, Remits N7.9tr to Federation Account
The Nigerian National Petroleum Company Limited (NNPCL) has announced a profit after tax of ₦185 billion for July 2025, marking ...
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FIRS Meets 2025 Oil and Gas Revenue Target for First Time in Years
The Federal Inland Revenue Service (FIRS) has achieved its 2025 oil and gas sector revenue target — the first time ...
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