Oil & Gas
Deep offshore incentive order to unlock $50bn investment, boost production – Ojulari
The Nigerian National Petroleum Company Limited (NNPC Ltd.), has said the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, will unlock more than $50 billion in new investments and accelerate growth in Nigeria’s oil production. The Group Chief Executive Officer of NNPC…
Read More »NUPRC gives 2025 licensing round winners 90-day deadline to meet obligations or lose assets
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given winners of the 2025 Licensing Round a 90-day deadline to fulfil all post-award obligations or forfeit their allocated oil and gas assets, warning that defaulting bidders will automatically lose their entitlement to the acreage. The warning came on Tuesday at the…
Read More »NUPRC, NNRA partner on radiation safety, regulatory efficiency
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is partnering with the Nigerian Nuclear Regulatory Authority (NNRA) to strengthen radiological safety in oil and gas operations and reduce the overall cost of operations. This was the outcome of a meeting between the Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, and…
Read More »NNPC Debuts Cawthorne Crude with First Shipment to Netherlands
Nigeria has recorded a fresh milestone in its oil export drive as the Nigerian National Petroleum Company (NNPC) Limited begins shipment of its newly introduced Cawthorne crude grade to the Netherlands, underscoring efforts to ramp up production and deepen export diversification. Cawthorne blend crude, the latest addition to Nigeria’s basket…
Read More »Tinubu Seeks Senate Approval for New Petroleum Regulators After Exit of Agency Chiefs
President Bola Ahmed Tinubu has nominated new chief executives for Nigeria’s petroleum regulatory agencies and transmitted their names to the Senate for confirmation, following the resignation of the heads of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a letter…
Read More »NNPC Calls for Global Partnerships, Increased Investment to Tackle Africa’s Energy Poverty
The Nigerian National Petroleum Company (NNPC) Limited has urged international energy players and financial institutions to deepen partnerships and expand investment across Africa in order to address the continent’s growing energy poverty and accelerate economic development. Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, made the call…
Read More »NNPC Appoints Odeh, Adewunmi to Strengthen Corporate Communications and Stakeholder Relations
The Nigerian National Petroleum Company (NNPC) Limited has announced the appointment of two seasoned executives, Mr. Andy Odeh and Mrs. Morenike Adewunmi, to key leadership positions aimed at bolstering its communications and stakeholder engagement. Mr. Odeh assumes the role of Chief Corporate Communications Officer, while Mrs. Adewunmi takes on the…
Read More »NNPCL records 14.14% profit decline to N905b in June 2025
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has posted a Profit After Tax (PAT) of N905 billion for June 2025, a decline of 14.14% from the N1.054 trillion reported in May. According to its Monthly Report Summary for June, it remitted N6.96 trillion to the Federation Account within the…
Read More »Nigerians to save N1.7trn from Dangote’s N720bn CNG drive, lift 42m MSMEs …Presidency, IPMAN, experts hail move
Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07…
Read More »NUPRC announces significant progress in attracting investments in oil, gas sector
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant progress in attracting investments in Nigeria’s upstream oil and gas sector, as showcased at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit. This landmark event which was held in Lagos, brought together top government officials, investors, business…
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