Archives for Oil and Gas
NUPRC gives 31 oil block winners payment deadline
 The Nigerian Upstream Petroleum Regulatory Commission has warned 31 companies that emerged winners of 37 oil and gas blocks in the 2025 Licensing Round to pay their signature bonuses…
Photo: Oyekunle, PS, Ministry of Petroleum Resources & Chairperson, NLNG Board LCC Visits Train 7 Project SiteÂ
Mrs. Patience Oyekunle, Permanent Secretary, Ministry of Petroleum Resources and Chairperson of the NLNG Board Local Content Committee (LCC), during a visit to the Train 7 Project site at…
Shell Reaffirms Safety Commitment at CEO Contractors Forum
BY NGOZI ONYEAKUSI Shell has advocated the need to sustain safe operations across its businesses in Nigeria. Shell made the observation while hosting chief executives of contracting companies in Tuesday…
Nigeria eyes $50bn from 22 offshore oil, gas projectsÂ
Nigeria is positioning itself for a fresh wave of upstream investment, with 22 major offshore oil and gas projects expected to attract between $30 billion and $50 billion in investments…
NNPC posts N2.27tn half-year profit amid oil price rallyÂ
The Nigerian National Petroleum Company Limited recorded a cumulative profit after tax in the first six months of 2026, with higher international crude oil prices triggered by geopolitical tensions in…
NUPRC defends 2025 oil block awards
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pushed back against criticism of the 2025 oil and gas licensing round. The Commission argued that reports that portrayed the award of…
Education, Not Charity: Why Corporate Nigeria Must Invest Across the Full Value Chain
BY NGOZI ONYEAKUSI Nigeria’s most damaging infrastructure deficit may not be roads, power or ports, but a weak education system producing too few work-ready citizens for an economy seeking to…
NLNG Pays $47.2bn Dividend To Shareholders As Revenue Hits $149.6bn
BY NGOZI ONYEAKUSI Following $ billion revenue generated by the Nigeria LNG Limited, (NLNG), the firm says it has paid shareholders dividend to the tune of $ billion, including the…
Nigeria’s $2bn Renewable Energy Investment Yields Only 76,000 Jobs, REA Flags Local Capacity Gap
BY NGOZI ONYEAKUSI Dr. Abba Aliyu, Managing Director of the Rural Electrification Agency (REA), has disclosed that Nigeria’s renewable energy workforce participation remains significantly low, with the sector generating only…
Petrol imports jumped 207% to 543m litres in June – NMDPRAÂ
The latest factsheet from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Nigeria imported an estimated 543 million litres of Premium Motor Spirit (PMS), also known as…
