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Geoplex Drillteq bags OGTAN’s 2026 indigenous service company award
Geoplex Drillteq Limited, a leading indigenous oilfield services company, has won the 2026 Indigenous Service Company Award presented by the Oil and Gas Trainers Association of Nigeria (OGTAN). The award was presented during an OGTAN event held at the Petroleum…
Nigerian petroleum industry future depends on people __ OGTAN
The Oil and Gas Trainers Association of Nigeria (OGTAN) has declared that sustainability of the Nigerian petroleum industry goes beyond abundance of resources to depend on availability of talents for its exploitation. The trainers’ group which is hosting its novel…
Economic reforms must produce investor confidence, TotalEnergies tells Nigeria
Nigeria’s ongoing economic reforms must move beyond policy announcements to deliver the stability, predictability and investor confidence required to unlock fresh capital for the oil and gas industry, TotalEnergies Exploration and Production Nigeria Limited (TEPN) has said. Country Chair and…
FG returns to crude oil swap as fuel prices defy DCSO, Naira-for-crude objectives
The Federal Government is moving to revive a crude oil swap arrangement with domestic refiners as part of a renewed effort to contain escalating fuel prices that have pushed road transportation, airfares and the broader cost of living beyond the…
No respite for fuel consumers as US-Iran ceasefire ends in escalation
The worsening impasse over the Strait of Hormuz, coupled with renewed attacks around the Red Sea, is threatening to keep global oil and petroleum-product prices elevated, with potentially severe consequences for fuel consumers in Nigeria despite the country’s growing capacity…
PETROAN demands binding commitment, consequences on refinery rehab
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government and the Nigerian National Petroleum Company (NNPC) Limited to move beyond assurances and memoranda and commit the Port Harcourt and Warri refineries to a binding,…
Nigeria maintains OPEC quota despite 4% July production dip
Nigeria sustained crude oil production above its OPEC quota in July 2026 despite a 4 per cent month-on-month decline attributed largely to operational disruptions at the Erha and Akpo fields. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed…
Nigeria pushes unified regional market for energy security
The Federal Government has called for a unified regulatory framework and harmonised operating rules, technical standards and market procedures across West Africa, arguing that deeper regional integration would improve efficiency, attract investment and facilitate cross-border petroleum trade. Commission Chief Executive…
FG floats fiscal incentives for deepwater petroleum projects
The Federal Government has approved a new fiscal framework for petroleum investment incentives aimed at unlocking up to $50 billion in investments and reviving major deep offshore oil and gas developments that have remained stalled for years. The reform comes…
NLNG: Turning flares to wealth, shrinking industry’s footprint on environment
Nigeria’s oil and gas industry has long been judged by the volume of hydrocarbons extracted and exported, but the more consequential measure of its value to the country is increasingly the economic, social and environmental footprint it leaves behind. By…
