Browse Tag

Nigeria oil and gas industry

Nigeria Needs Improved Security, Investment To Achieve Over 2 mbpd Crude Oil Production – Report

Petrol Imports Jump 207% To 543 Million Litres In June As Domestic Supply Falls – NMDPRA

July 20, 2026

Nigeria’s petrol imports surged by 207 per cent in June 2026 as a decline in domestic supply increased reliance on imported Premium Motor Spirit (PMS), according to data from the Nigerian Midstream

News·Oil & Gas·Top Stories

FG, Dangote Refinery in Talks Over Dollar Fuel Sales as Naira Transactions May Resume

July 18, 2026

The Federal Government and Dangote Petroleum Refinery are in discussions over the refinery’s recent decision to sell petroleum products in United States dollars, with indications that naira-denominated transactions could soon be restored,

News

NCDMB Boss Inspects Training Of 305 Youths At Centre For Marine, Offshore

July 22, 2025

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised oil and gas industry skills at

Business News·Oil & Gas

NUPRC’s Revenue Rises By 176.7% To ₦12.2trn In 2024

July 6, 2025

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a historic high of ₦12.2 trillion revenue in 2024. This represents a 176.7 percent surge compared to ₦4.3 trillion recorded in 2023. The 2024 performance

News

1,000 Delegates Expected As NCDMB Hosts 5th Nigerian Oil And Gas Fair

May 11, 2025

Not less than 1,000 delegates are expected at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025 to be hosted by the Nigerian Content Development and Monitoring Board (NCDMB), at the

News

NCDMB Assures SHIN Of Support For Oil Industry Projects

February 4, 2025

The Nigerian Content Development and Monitoring Board (NCDMB), has assured Samsung Heavy Industries Nigeria (SHIN), of support in getting oil and gas projects in the country. NCDMB Executive Secretary of the Nigerian

NCDMBExecutiveSecretaryatbreakfastmeetingwithmediaexecutivesinLagos copy x

Business News·News·Oil & Gas

Local Content Implementation Doesn’t Increase Crude Oil Production Costs – NCDMB Boss

October 8, 2024

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has debunked claims that the implementation of local content policy increases the cost of crude oil production in Nigeria.

Business News·Oil & Gas

Eni Receives Approval To Sell Agip Oil To Oando

July 26, 2024

Italian Energy oil company, Eni, has announced that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved its bid to sell the Nigerian Agip Oil Company (NAOC), to Oando Plc. In a

Business News·News·Oil & Gas

Nigerian Govt Approves Oando’s Acquisition Of Agip

July 4, 2024

Nigerian government has announced completion of the deal for acquisition of 100% Nigerian Agip Oil Company (NAOC), by Oando PLC. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe,

Completion Of OB Gas Pipeline Project’ll Boost Gas Supply In Nigeria NNPCL

News·Oil & Gas

Completion Of OB3 Gas Pipeline Project’ll Boost Gas Supply In Nigeria – NNPCL

June 23, 2024

NNPCL has stated that completion of the Obiafu-Obrikom-Oben (OB3) Gas Pipeline project will boost gas supply across the country.

FEATURES·Oil & Gas

Top 5 Igbo Authorities In Nigeria’s Oil And Gas Industry

March 12, 2024

Aside from multinational firms, there are several indigenous companies that play significant roles at various levels in Nigeria’s oil and gas industry. With the ongoing trend of multinationals making efforts to exit,

News·Oil & Gas

Tinubu Signs Executive Orders On Oil, Gas Reforms

March 6, 2024

President Bola Tinubu has signed executive orders for a set of Policy Directives to reform Nigeria’s oil and gas industry and make it the preferred investment destination in Africa. A statement by

NCDMB Host Oil Industry Players, Academia, on Research And Innovation Imperatives

News·Oil & Gas

NCDMB Hosts Oil Industry Players, Academia, On Research And Innovation Imperatives

March 6, 2024

Oil and gas industry stakeholders and leading academics on Tuesday began a three-day Research and Development (R&D) Zonal Workshop at the Niger Delta University (NDU)

News

Minister Warns Oil Marketers Against Metre Adjustment, Under Dispensing

February 8, 2024

Nigeria's Minister for State Petroleum Resources (Oil), Heineken Lokpobiri, has issued a stern warning to oil marketers about fraudulent activities in the industry.

News

NCDMB Restates Commitment To Efforts In Boosting Nigeria’s Oil Industry Development

February 4, 2024

NCDMB has reaffirmed its commitment to efforts aimed at ensuring speedy development of oil and gas projects and contribute to increased oil production and improved national economy.

Business News·Oil & Gas

NNPCL Targets Q1 2024 For Completion Of Warri Refinery Rehabilitation

February 3, 2024

NNPCL has revealed that it is on track to complete mechanical phase rehabilitation of the Warri Refining and Petrochemical Company (WRPC) in the first quarter of 2024.

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

News·Oil & Gas

Tinubu Orders Resolution Of $1.3bn OML 245 Oil Block Dispute

February 1, 2024

Tinubu has instructed key government figures and agencies, including the Attorney-General of the Federation, Lateef Fagbemi, and Minister of State for Petroleum Resources, Heineken Lokpobiri, to expedite the resolution of all court

Why Port Harcourt refinery can’t work this December as promised - Ex-NNPC chief

Business News·Oil & Gas

Concerns As Port Harcourt Refinery Test-run Lingers Amid Further Naira Depreciation

February 1, 2024

The are concerns over the delayed launch of refined products from the Port Harcourt Refining Company.

Business News·Oil & Gas

Exit Of Shell, Agip, Other MNOs Opportunity To Decolonise Nigeria’s Economy – Shehu Sani

January 23, 2024

Shehu Sani, has asserted that the exit of British energy giant, Shell Plc, Agip and other multinational oil companies from Nigeria would free the country from economic stagnation.

Opinion

The Exit Of Shell Petroleum

January 21, 2024

The announcement by the British energy giant, Shell PLC, that it is selling off its operations in Nigeria’s onshore oil and gas sector to a consortium of mostly Nigerian companies is a

News·Oil & Gas

‘Shell Must Address Ecological, Health, Economic and Social Impacts Concerns in Niger Delta Before Selling Assets’

January 18, 2024

Shell has been called upon to address all concerns regarding the ecological, health, economic and social impacts of their operations for more than six decades in the Nigeria Delta.

FEATURES·Oil & Gas

Major Events That Shaped Nigeria’s Oil & Gas Sector In 2023 And Looking Ahead 2024

January 5, 2024

Nigeria’s oil and gas industry experienced ups and downs as the government adopted key policy decisions that had far-reaching impacts on the economy.

Tinubu Condemns Violence In Rivers, Orders Police To Secure LG Council Secretariats

News

Nigerian Govt To Commission Facility For Gas Leak Detection In Abuja

December 20, 2023

The Nigerian Government through the Ministry of Petroleum Resources will on Thursday commission the Amal Technology’s production facility for Gas Leak Detection Device and Printed Circuit Board, at Idu, Abuja. The homegrown

Business News·Oil & Gas

NCDMB Boss Charges Oil And Gas Stakeholders To Double Efforts As Nigerian Content Level Remains At 54% In 2023

December 6, 2023

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr Simbi Wabote, has called on stakeholders in the oil and gas industry to step up efforts in increasing Nigerian content level.

Business News·News·Oil & Gas

COP28: How Nigeria Utilises Gas To Drive Energy Transition – NNPCL Boss

December 5, 2023

The Group Chief Executive Officer (GCEO), Nigeria National Petroleum Company Limited (NNPC), Mr. Mele Kyari has highlighted Nigeria's efforts in utilising its abundant natural gas resources to drive energy transition.

Nigeria Optimistic On Achieving 1.7mpd Crude Despite November Output Drop

FEATURES·Oil & Gas

Oil Theft Continues To Frustrate Nigeria’s Efforts To Ramp Up Production

November 29, 2023

Increasing crude oil production output which provides over 90 per cent of Nigeria’s revenue has continued to elude the country due to theft. Oil theft in Nigeria has been a long-standing issue,

Dangote Refinery Boosts U.S. Jet Fuel Supply As Demand Rises

Business News·News·Oil & Gas

NNPCL Boosts Dangote Refinery With Fourth Delivery Of 1m Barrels Crude Oil

November 28, 2023

In a move propelling Nigeria’s refining landscape, the Nigeria National Petroleum Corporation Limited (NNPCL) has continued its stride by delivering an additional one million barrels of crude oil to the Dangote Refinery.

Business News·News·Oil & Gas

Seplat Plans $250M Gas Plant In Delta State, Focuses On Energy

November 18, 2023

Effiong Okon, Seplat Plc's Director of New Energy, revealed the company's blueprint to erect a $250 million gas plant in Sapele, Delta State.

News·Oil & Gas

Tinubu Names 3 New NUPRC Executive Commissioners

November 8, 2023

Bola Tinubu has appointed three new Executive Commissioners to serve in the Nigerian Upstream Petroleum Regulatory Commission

Nigerian Oil Industry On Steady Growth Trend Despite IOCs Investment Decline - Wabote

Business News·News·Oil & Gas

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

October 24, 2023

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by

News·Oil & Gas

‘No Excuses’ For August 2024 Deadline, Minister Charges Gas Pipeline Contractors

Nigeria’s Minister of State Petroleum Resources, Ekperikpe Ekpo, has called on contractors overseeing the 614-kilometer Ajaokuta, Kaduna, Kano gas pipelines project to stay committed to the promised July/August 2024 completion deadline. Ekpo’s concerns about the project’s sluggish progress were voiced during a

October 13, 2023

Business News·Oil & Gas

Nigeria’s Gas Industry In Crisis As Drilling Costs Skyrocket To $30m, Operators Warn

Nigeria’s pursuit of leveraging its natural gas reserves for industrialization and development has suffered a setback, as drilling cost for gas wells is climbing to $30 million. At a media parley and training session for energy reporters, the Nigerian Gas Association (NGA)

October 12, 2023

Business News·News·Oil & Gas

Oil Assets Divestments Will Boost Production, Employment – Wabote

The Nigerian oil and gas industry is poised for a boost in crude oil production, employment creation, and capital injection with the planned divestment of some assets by select international oil and gas companies and concomitant acquisition by operating indigenous companies, the

October 11, 2023

News

Oil Assets Divestments Should Not Affect Tax Compliance, NCDMB Warns

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has warned that the ongoing and planned divestments of onshore assets by some international oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must

October 5, 2023

News·Oil & Gas

NCDMB, NNPC, IOCs Sign Agreement, Target 6 Months Oil Industry Contract Cycle

The Nigerian Content Development and Monitoring Board (NCDMB) on Monday in Abuja signed a Memorandum of Understanding (MoU) cum Service Level Agreement (SLA) with the Nigerian National Petroleum Company Ltd (NNPC Ltd) and five international oil-producing companies. The goal is to quickly

September 25, 2023

News·Oil & Gas

NCDMB, PTI To Join Forces On Capacity Devt In Nigerian Oil & Gas Industry

The Nigerian Content Development and Monitoring Board (NCDMB) and Petroleum Training Institute (PTI), Effurun, Delta State, have resolved to collaborate to actualise their shared mandate for human capacity development and advancement of Nigeria’s oil and gas industry. During an exploratory session at

September 14, 2023

Business News·Oil & Gas

Eunisell Pioneering Production Facilities to Transform Oil and Gas Landscape

Eunisell, a prominent player in the oil and gas industry, has introduced novel Early Production Facilities (EPFs) poised to reshape the Niger Delta’s oil and gas sector Strategically positioned in challenging onshore and remote swamp locales, these facilities are poised to expedite

August 11, 2023

News·Oil & Gas

Wabote Advocates Corporate Governance For Indigenous Oil Firms, Hails Aradel Holdings

Indigenous oil and gas companies must instill principles of corporate governance in their operations if they are to grow and achieve sustainability, says the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi KesiyeWabote. Speaking virtually on Friday,

August 5, 2023

Finance & Economy

Subsidy Removal: ‘Nigeria Should Channel Funds To Skill Acquisition Schemes For Job Creation’

Amid the quest to scale up production and boost Nigeria’s economy, the Federal Government has been advised to channel money to be saved from removal of subsidy on petrol to fund training of the citizens on vital skills for job creation in

June 16, 2023

Business News·Oil & Gas

Fuel Subsidy Removal: Allow Private Investors To Set Up Modular Refineries – Utomi Urges FG

As reactions continue to trail the announcement of fuel subsidy removal by President Bola Tinubu, a Professor of Political Economy, Pat Utomi, has advised the Federal Government to grant licences to private investors to set up modular refineries. Prof. Utomi, who stated

June 12, 2023

1 2 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Suggestions

Nigeria oil and gas industry

Featured Stories

Follow Us

Whatsapp Channel

Latest News