FG grants Shell tax credit to unlock $20bn deepwater project
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project in…
Operators back tech adoption to boost oil production
Operators in Nigeria’s petroleum industry have called for wider adoption of emerging technologies and greater investment in human capital, saying…
Independent Petroleum Producers seek more reforms to unlock Nigeria’s oil sector
The Independent Petroleum Producers Group (IPPG) has called for bold, coordinated reforms to reposition Nigeria’s oil and gas industry from…
NNPC unfolds plan to transform Nigeria into a gas hub
Recently, the Nigerian National Petroleum Company Limited (NNPC) revealed its strategic plan transform Nigeria into a globally competitive gas hub.…
OPEC predicts positive economic outlook for Nigeria
The Organization of Petroleum Exporting Countries (OPEC) yesterday said Nigeria’s economic outlook remains positive based on oil production, infrastructure investment…
Nigeria’s first floating LNG: UTM Offshore targets September final investment decision
UTM Offshore says it is on track to take a Final Investment Decision on Nigeria’s first floating LNG project in…
Nigeria’s oil output hits 74-month high, beats OPEC quota
Nigeria’s crude oil production has climbed to its highest level in more than six years, with the country exceeding its…
Oil and gas driving Nigeria’s FDI recovery, says UNCTAD
Nigeria attracted about $4 billion in foreign direct investment (FDI) in 2025, more than double the $1.6 billion recorded in…
Nigeria’s oil producers raise alarm over excessive taxes, levies
Nigeria’s indigenous oil producers have raised the alarm over what they described as an excessive fiscal burden on the country’s…
NNPC remits N19.5tn to Federation Account in 14 months
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, yesterday disclosed that the company remitted N19.5 trillion to…