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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…
Dangote Refinery: Middlemen driving up local crude prices, undermining DCSO
The Dangote Petroleum Refinery and Petrochemicals has alleged that the involvement of middlemen in the domestic crude oil market is driving up the cost of Nigerian crude and undermining the objectives of the Federal Government’s Domestic Crude Supply Obligation (DCSO)…
Domestic crude oil market suffers glut as refineries turn down 15.64 Mbbls
Domestic refineries in Nigeria absorbed 53.7 million barrels of crude oil and condensate in the second quarter of 2026, as increased local production and stronger implementation of the Domestic Crude Supply Obligation (DCSO) provided refiners with substantial volumes of feedstock….
NCDMB opens 10th National Undergraduate Essay Competition
The Nigerian Content Development and Monitoring Board (NCDMB) has announced the opening of entries for the 10th edition of its Annual National Undergraduate Essay Competition, with applications scheduled to commence on August 15. The General Manager, Corporate Communications Division of…
Seplat CEO tasks indigenous firms on asset integrity, optimization
The Chief Executive Officer of Seplat Energy Plc, Engr. Effiong Okon, has urged Nigeria’s indigenous oil and gas operators to prioritise asset integrity, address operational obsolescence and extend the lifespan of critical infrastructure to maximise asset value, improve investment returns…
‘Nigeria can no longer depend solely on DisCos,’ as FG plans nationwide utility-scale renewable energy
Federal Government has disclosed plans to create Renewable Energy Service Companies (RESCos) across the country to drive access to electricity for more households. Government said the RESCos are expected to compete directly with existing electricity distribution companies (DisCos) over the…
Fiscal reforms sparked $50bn offshore investment wave – Avuru
Fiscal incentives for petroleum investments introduced by the administration of President Bola Ahmed Tinubu contributed to unlocking over $50 billion commitments from major international oil companies after nearly two decades of investment stagnation. Chairman of AA Holdings, Mr. Austin Avuru,…
