Oil&Gas - Page 13

The Federal Government’s decision to revoke 1,263 mineral licenses for failure to pay licensing fees and other statutory financial obligations was fully consistent with our audit findings,the Nigeria Extractive Industries Transparency Initiative (NEITI) has

Stakeholders in Nigeria’s economy have implored President Ahmed  Tinubu to consider high tariffs increase to discourage fuel importation and add increased crude supply to Dangote Refinery with licence for oil exploration.  They also advised

Nigeria’s upstream oil sector has recorded a year-on-year increase in output, averaging 1.63 million barrels per day (bopd) of crude oil and condensates in August 2025. The current figure increased from 1.58

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Engr. Bashir Bayo Ojulari, has emphasized the need for Africa to take decisive action in harnessing its abundant resources for the

The Nigeria Liquefied Natural Gas Limited,NLNG, is scaling up its drive to reduce methane emissions by embedding prevention measures into its facility design, upgrading existing assets, and commissioning new technologies. Its Managing

The Nigeria Liquefied Natural Gas (NLNG) has unveiled an ambitious strategy to integrate artificial intelligence (AI) across its operations, positioning the technology as a cornerstone for boosting efficiency, reliability, and sustainability in

Nigeria’s daily losses stood at 9,600 barrels per day (bpd) in July, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. The figure represents the lowest since 2009 when losses dropped to

Nigeria has over 200 oilfields that are currently undeveloped, Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Engr. Bayo Ojulari,has said. The country’s crude oil assets, he also said, have

The former Minister of State for Petroleum Resources, Prof. Ibe Kachikwu, has advised the Federal Government to cancel oil blocks that are not developed after a prolonged period. He spoke on Monday

Nigeria is luring major Engineering, Procurement, and Construction (EPC) companies back to the country with bold reforms and investor-friendly policies. Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), disclosed this