Eni SPA has signed a deal divesting one of its units in Nigeria to Oando PLC, saying the move is part of efforts to refocus on more profitable assets
As a major crackdown on illegal oil activities unfolds in Nigeria, security forces have launched airstrikes at vessels carrying stolen crude in the Niger Delta, destroying the vessels and their cargo.
Nigeria’s crude oil, blended and unblended and condensate production increased to 1.473 million barrels per day in June, says a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Nigeria currently accounts for 33 per cent of the total gas reserves in Africa, the Federal Government said on Monday.
The local content in Nigeria’s oil and gas sector has experienced a significant surge, recording a rise of about 54 per cent in 2022 compared to 26 per cent in 2017.
The average daily petrol consumption by Nigerians fell by 28 per cent since President Bola Tinubu scrapped the country’s costly subsidy on fuel on May 29, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has shown.
The Senate President, Godswill Akpabio, said the motion was stepped down until relevant ministers have been appointed by President Bola Tinubu.
The Nigerian Upstream Petroleum Regulatory Commission has released a notice of stakeholder consultation on phase 4 of regulations development in line with Section 216 of the Petroleum Industry Act (PIA) 202
THE Federal Government has gazetted five regulations, while seven are currently in the process of being gazetted, as part of efforts targeted at implementation of Nigeria’s Petroleum Industry Act. PIA.
ABUJA, Nigeria (AP) — A new oil spill at a Shell facility in Nigeria has contaminated farmland and a river, upending livelihoods in the fishing and farming communities in part of the Niger Delta, which has long endured environmental pollution caused by the oil industry.