The Chairman of the commission, Mohammed Shehu, in a statement in Abuja, said that the subsidy regime was not transparent.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd).
President Bola Ahmed Tinubu’s Policy Advisory Council has proposed the sale of the major stakes of the Nigerian National Petroleum Company Limited (NNPC) in the upstream, midstream and downstream sectors of the oil and gas industry.
Long-been promoted as an efficient means of increasing foreign direct investment, facilitating commerce and creating employment in both developing and developed countries, the number of Special Economic Zones (SEZ) in Africa is growing, particularly in West Africa, which hosts the second largest number of free zones in Africa (24%).
Italian company Eni has authorization to start works in the Ivory Coast Baleine–or Whale–oil and gas field in the second half of the year, according to a government statement read on state-run Radio Television Ivoirienne on Friday.
The primary exploration target for wells 25/2-24 S and A was to prove and delineate remaining petroleum deposits in the Frigg Formation in the Øst Frigg Beta structure, which produced gas from 1988 to 1997.
Invictus Energy has raised over US$23 million for the next phase of Cabora Bassa oil and gas exploration and appraisal.
WTI Midland, the light sweet US grade, is being blended with heavy Brazilian grades to produce a cheaper Nigerian lookalike, which is undercutting the Nigerian crude grades in Europe and pushing down buying interest for Nigerian cargoes, multiple trading sources told S&P Global Commodity Insights.
Nigeria’s crude oil production has dropped below 1 million barrels per day, according to an Organisation of the Petroleum Exporting Countries report.
The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce that Emmanuelle Garinet, Vice President for Exploration Africa at global energy major TotalEnergies, will speak at the African Energy Week (AEW) (https://AECWeek.com/) 2023 conference and exhibition, Africa’s premier energy event, taking place from October 16-20 in Cape Town. During […]