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Nigerian Content policy: Operators demand business value
Operators in Nigeria’s oil and gas industry have called for a fundamental shift in the way Human Capacity Development (HCD) is approached under the Nigerian Oil and Gas Industry Content Development (NOGICD) framework, arguing that workforce development must be tied…
Nigeria becoming global oil, gas investment hub — Lokpobiri
Nigeria is fast emerging as a global investment hub for the oil and gas industry, driven by incentive-based reforms that have strengthened the country’s competitiveness for international capital. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, who made…
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…
Nigeria lost $194bn upstream investments in nine years — NUPRC
Nigeria lost more than 90 per cent of its annual upstream petroleum investment over the nine-year period between 2014 and 2023, with capital inflow into the sector collapsing from about $24 billion in 2014 to approximately $2 billion in 2023….
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…
