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As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this ...

The Nigerian National Petroleum Company Limited (NNPCL) has said it is embarking on a strategic infrastructure development initiative to support oil and gas growth as the government sustains fiscal reforms that are expected to attract more investments. Under the arrangement, ...

The top-10 skills for the Field Readiness Program are: Sub-sea Engineers (wellheads, flowlines, umbilicals, sub-sea trees, etc.); Underwater Welders; Control and Automation Engineers (including cementing, well controls, and rig operations); Helicopter Pilots; Seamen/Sailors (including vessel mechanics/electricians); Production and Maintenance Engineers ...

The scarcity of cooking gas (LPG) in major Nigerian cities, including Lagos, Ogun, and Ibadan, has caused sharp price increases and widespread shortages. This is attributed mainly to the three-day oil workers’ strike, which cut the gas supply across the ...

Dangote Petroleum Refinery has expressed profound appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company. The company, in a statement, said the President’s leadership, through ...

The African Democratic Congress (ADC) has  kicked against the planned sale of Nigeria’s oil assets. The party’s national publicity secretary, Malam Bolaji Abdullahi, who stated this at a press conference, said the Petroleum Industry is under siege. He described the ...

The global oil market is experiencing shock from an anticipated supply hike by the Organisation of Petroleum Exporting Countries (OPEC), as oil prices edged lower on Thursday, extending a run of declines into a fourth day, with Brent hitting its ...

Nigeria’s upstream oil and gas sector has attracted $18.2 billion in new investment commitments, unlocking up to 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) of gas, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission ...

India Oil Corp has significantly sustained oil imports from Nigeria after skipping the purchase of U.S. oil in its latest tender. According to Reuters, which quoted trade sources on Friday, the company purchased 2 million barrels of Nigeria’s crude oil ...

President Bola Ahmed Tinubu on Monday inaugurated  the newest addition to Nigeria’s liquefied petroleum gas (LPG) fleet, the 40,000 cubic meters (CBM) vessel named “MT Iyaloja (Lagos),” in Ulsan, South Korea. The vessel, owned by WAGL Energy Limited — a ...