Oil Blocs Licensing to End in April, Says FG The Federal Government has announced on Monday that the licensing round for seven deep offshore open oil blocs, which commenced on January 3, 2023, would last for four months. It invited investors from across the world with...

NUPRC Commences 2022 Mini-bid Round   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of its 2022 mini-bid round. This is according to a press statement signed by NUPRC Chief Executive Officer, Gbenga Komolafe, on Tuesday, January 10, published on the agency’s site. In the...

More IOCs To Divest, Job Losses Loom – Fed Govt   More international oil companies operating in Nigeria are going to divest from onshore oil and gas assets due to poor earnings caused by the massive crude oil theft across the country, the Federal Government stated...

Fed Govt To Auction Gas Flare Sites Via Bids   The Federal Government on Sunday announced that it was carrying out a study to identify suitable gas flare sites for auction and that it would issue flare sites to technically competent companies through a competitive bid...

IOCs Divestments, Threat To Nigeria’s Oil Sector – FG   The Federal Government on Sunday night described the divestments by international oil companies from the Nigerian oil and gas sector as a threat to the industry. It, however, challenged indigenous oil producers to see the IOCs’ divestments...

13 Marginal Fields Dormant As FG Awards 57 To New Investors   The Federal Government on Tuesday revealed that 13 out of the 30 marginal fields awarded since 1999 were not producing crude oil, as only 17 of the fields were currently meeting the target of...