FG Completes $1.5bn Oil Sector Divestment Deals The Federal Government has completed the divestment deals between Nigeria Agip Oil Company and Oando Plc, as well as that of Equinor and Project Odinmim, which jointly worth about $1.5bn. It made this announcement on Wednesday, adding that, as...

FG to Revoke Unused Oil Licences, Award New Leases The Nigerian Upstream Petroleum and Regulatory Commission has said the Federal Government is planning to revoke unused oil exploration leases that companies were granted but have not been able to carry out any exploration activities on...

139 Investors to Commercialise Gas Flares - FG The Federal Government said that a total of 139 investors had shown readiness to monetise the gas flares from the 48 flare sites across the country. It disclosed this at the 2022 Nigerian Gas Flare Commercialisation Programme Bidders...