NLNG sseks reforms to unlock Nigeria’s 600 TCF gas potential
The Nigeria LNG Ltd. (NLNG) has called for governance reforms, predictable regulation and sustained investment to unlock Nigeria’s estimated 600…
Nigeria may lose oil, gas invesment over project delay, says NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has warned that delays in delivering oil and gas projects could…
Oil rises above $91 as US-Iran peace talks stall
Crude oil prices rose above $91 a barrel on Tuesday as hopes of a breakthrough in the stalled peace talks…
Nigeria meets OPEC quota despite 4% drop in July oil production
Nigeria met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota for the third consecutive month in July…
Nigeria backs regional petrol procing benchmark for West Africa
The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying the initiative will…
Nigeria eyes $50billion investments from 22 offshore projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has projected between $30 billion and $50 billion in investments from 22 major…
Indigenous oil firms expand, account for 60% of Nigeria’s output
Indigenous oil producers now account for more than 60 per cent of the country’s total crude oil production. This marks…
NEC approves $4.5billion refinancing of NNPC’s oil-backed loan
The National Economic Council (NEC) has approved the refinancing of the $3.3 billion Project Gazelle pre-export finance facility through a…
Nigeria will priortise refined petroluem product exports, says NMDPRA CEO
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government is working towards prioritising the exports of…
Nigeria misses H1 budget oil target by 38.4 million barrels
Despite meeting its Organisation of Petroleum Exporting Countries (OPEC), Nigeria fell significantly below its budget crude oil production target in…