The Federal Government has inaugurated the 2026 oil and gas licencing round, offering 40 blocks across land, shallow water and deepwater terrains to local and foreign investors. Mrs Oritsemeyiwa Eyesan, Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), announced the round in Abuja at the commission’s fifth anniversary. Eyesan …
Read More »
The Central Bank of Nigeria, CBN, has announced the appointment of Candid Oil Services Limited as the pre-shipment inspection agent for the country’s oil export. The apex bank disclosed this in a notice dated July 1, 2026, by its director, Trade & Exchange Department, Aderinola Shonekan. CBN noted that while …
Read More »
THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria gas flaring has fallen to 7.16 per cent in July 2025, while daily gas production rose to 7.59 billion standard cubic feet per day (BSCFD). The NUPRC, in its Gas Production Status Report for July 2025, released on Saturday said this …
Read More »
THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to driving innovation in oil and gas through emerging technologies and sustainable practices. Mr Gbenga Komolafe, Chief Executive of NUPRC, said this on Monday in Lagos while delivering a goodwill message at the 48th Nigeria Annual International Conference and …
Read More »
THE Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has outlined efforts and plans of the administration to achieve Nigeria’s ambitious target of increasing oil production to 4 million barrels per day by 2030. Speaking in an exclusive interview with Arise News on Wednesday, Verheijen said the government …
Read More »
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October 2024. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr Mohammed Manga in Abuja on Monday. Manga said …
Read More »
IN the past decade, a report obtained by NewsNow on Monday revealed that the Federal Government suffered an estimated $16tn loss due to natural gas flaring. The Energy Institute’s 72nd edition of the ‘Statistical Review of World Energy 2023’ indicated that this staggering amount was lost between 2012 and 2022. A detailed …
Read More »
