FG Approves 37 New Crude Evacuation Routes as Oil Rigs Rise to 44 The Federal Government says it has approved 37 new crude oil evacuation routes across the country as part of reforms to bolster production and curb theft. It also said the number of crude...

FG Begins Export of New Crude Blend, Obodo The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped. In a statement by the NUPRC Chief Executive, Gbenga Komolafe, on Tuesday, he congratulated Conoil Producing Limited on the...

FG to Rake in N84tn Revenue from Crude Oil in 2025 The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe says the Federal Government is planning to rake in about N84.67tn from the sale of crude oil in 2025. He disclosed that the...

NNPCL Loses Oil Blocks to TotalEnergies, Others The Nigerian National Petroleum Company Exploration and Production Limited, a subsidiary of the Nigerian National Petroleum Company Limited, lost out in the just-concluded oil licensing bid round as winners emerged on Wednesday. The winners were formally announced by the...

FG Approves Sale of Shell’s $2.4bn Onshore Asset to Renaissance Renaissance Africa Energy Company Limited, a local oil and gas consortium, says it has received ministerial consent to acquire Shell Petroleum Development Company. The company announced the development in a statement on Wednesday. The approval was reportedly...

Oil Block: NUPRC Gives 24 hours Deadline to Investors for Licensing Registration The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a 24-hour deadline for new investors to register for the 2024 oil block licensing bid round. This announcement was made by Mr. Gbenga Komolafe, the...