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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,…
Sahara upstream deploys 380,000-barrel vessel for OML 18 evacuation
Sahara Upstream has strengthened its crude oil evacuation capacity with the deployment of MT D Adesanya, a 380,000-barrel Medium Range (MR) tanker, in a move aimed at improving operational efficiency, increasing production reliability and advancing sustainability across its marine logistics…
NLNG unveils first longlist for Nigeria Prize for Creative Arts
Nigeria LNG Limited (NLNG) has unveiled the first-ever nominees for The Nigeria Prize for Creative Arts (NPCA), with 11 documentary entries advancing from a pool of 98 submissions in the inaugural edition of the US$20,000 award. Sponsored by NLNG, the…
