Tags

NAPE President, Ajayi calls for intensified exploration to boost Nigeria’s oil reserves

Nigeria must urgently ramp up exploration in frontier and mature basins to replace fast-depleting reserves and secure its production future, President of the Nigerian Association of Petroleum Explorationists [NAPE], Mrs. Cecilia Ajayi, has warned Ajayi raised the alarm while speaking at a high level strategic panel session at the 2026 NAEC Energy Conference, organized by […]

FG unveils oil security framework, recovers 2.4m barrels

The Office of the National Security Adviser has unveiled a new operational framework to coordinate security agencies, private surveillance contractors and other stakeholders in Nigeria’s oil and gas industry, following the recovery of more than 2.4 million barrels of stolen crude oil. The framework, known as the Standard Operating Procedure for the Nigerian Oil and […]

Nigerian regulators announce 2026 licensing rounds for upstream, midstream, downstream

Nigeria’s two petroleum regulators have announced upcoming licensing rounds within days of each other, together covering the full length of the country’s oil and gas sector. The Upstream Petroleum Regulatory Commission (NUPRC) formally opened its 2026 licensing round on October 6, offering 40 oil and gas blocks across onshore, shallow-water and deepwater terrain to local […]

NNPC commits N473.8bn to major gas infrastructure

The Nigerian National Petroleum Company Limited committed N473.8bn to gas infrastructure projects, including the proposed Nigeria-Morocco Gas Pipeline, in 2025, while N25.7bn in interest on the facility remained outstanding at the end of the year. The funding, provided to its wholly owned subsidiary, NNPC Gas Infrastructure Company Limited, was intended to meet cash call obligations […]

Nigeria: TotalEnergies launches the Ima Gas Development to Supply Nigeria LNG liquefaction plant

TotalEnergies (40%, operator), together with its partner AMNI (60%), have taken the Final Investment Decision (FID) for the development of the Ima gas field, straddling the OML 112 and 117 offshore licenses in Nigeria. Located in shallow waters close to Bonny Island, the Ima gas field will be developed with a single platform, connected through […]

Congo adopts NCDMB’s policies to develop oil and gas sector

A high-powered delegation from the Republic of Congo, has visited Nigeria, to study the Nigerian Content Development and Monitoring Board (NCDMB’s) institutional structure and strategies for developing indigenous capacity in the oil and gas industry. The delegation, comprising officials from the Ministry of Hydrocarbons and other senior government officials from Republic of Congo, which visited […]

Oil/Gas Investment: FG, NUPRC Demand Policy Stability, Faster Project Execution

The Federal Government and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called for sustained investment in Nigeria’s oil and gas industry, stressing the need for policy stability, regulatory certainty, security and faster project execution to keep the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, […]

Gabon signs hydrocarbon development agreement with Nigeria’s Oilserv

Gabon has signed an agreement protocol with Nigerian energy infrastructure company Oilserv, to develop and commercialise hydrocarbon reserves in Gabon’s DEF-3 and D4-5 blocks. The agreement also covers gas transportation, compression, and treatment infrastructure, intended to support thermal power generation and industrial activity in the country.

Nigeria’s Oil Output Hits 1.68m Bpd, Meets OPEC Quota For Fourth Straight Month

Nigeria’s crude oil and condensate production rose marginally by 6,887 barrels per day (bpd) in August 2026, reaching 1,677,777 bpd, according to the latest data from the Nigerian Upstream Regulatory Commission (NUPRC). The August output represented a 0.4 per cent increase over the 1,670,890 bpd recorded in July, with the commission attributing the improvement largely […]