Archives for Oil and Gas
Need to Diversify Nigerian Economy: Paradigm Shift from Overdependence on Oil
Nigeria has long been an oil-dependent economy. For decades, crude oil has dominated the country’s export earnings, government revenues, and fiscal planning. Yet, this over reliance exposes the nation to…
OPEC+ raises oil quotas amid Middle East tension
Key members of the Organisation of Petroleum Exporting Countries and their allies, jointly known as OPEC+, on Sunday announced a higher-than-expected increase in production quotas following United States and Israeli…
Crude-backed loans gulped N8.36tn of 2025 revenue
About per cent of Nigeria’s crude oil production in 2025 was likely committed to servicing crude-backed loan facilities, based on estimates derived from disclosures in the Nigerian National Petroleum Company…
Oil&gas: Nigeria tightens local content rules, rejects 186 expatriate slots
The Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) has stated that it approved 1,417 of the 1,603 expatriate quota applications it processed recently. A total of…
NCDMB Builds Capacity in Health Sector, Donates Hi-tech Equipment, Simulators to Bayelsa Medical University
BY NGOZI ONYEAKUSI A state-of-the-art Clinical Skills and Simulation Laboratory, fully equipped by the Nigerian Content Development and Monitoring Board (NCDMB), was on Friday commissioned at the Bayelsa Medical University…
NNPC to begin export of new crude oil grade in March
The Nigerian National Petroleum Company Limited (NNPCL) says it will start exporting a new light, sweet crude grade called Cawthorne from March. According to Reuters, an NNPC spokesperson said this…
Remittance of 1% Nigerian Content Levy Still Mandatory – NCDMB
-Access to Approvals, Services Dependent on Payment Certificate BY NGOZI ONYEAKUSI The Nigerian Content Development and Monitoring Board (NCDMB) on Tuesday reminded operators, contractors, and service companies in the…
NNPC Partners Chinese Firms To Advance Nigeria’s Gas Infrastructure
BY NGOZI ONYEAKUSI The Nigerian National Petroleum Company Limited (NNPC) has signed a tripartite Memorandum of Understanding (MoU) with China Gas Holdings Limited and Peiyang Chemical Singapore PTE Ltd. (PCCS),…
NLNG Emerges Overall Champion at 20th Nigeria Oil and Gas Industry Games
BY NGOZI ONYEAKUSI Team NLNG celebrates being crowned overall champions at the 20th edition of the Nigeria Oil and Gas Industry Games (NOGIG), showcasing excellence, teamwork, and a winning spirit.…
Low risks energy industry will attract investments to Nigeria- NLNG
BY NGOZI ONYEAKUSI Caption: Nnamdi Anowi, NLNG’s Production General Manager, speaking on “De-Risking Investments in African Oil and Gas Projects” at the 10th Sub-Saharan Africa International Petroleum Exhibition and Conference…
