Tinubu Orders Reduction in Oil Project Costs   President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by the Office of the Special...

$600bn Needed Annually for Africa's Energy Development - NUPRC    The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has said that Africa will require more than $600bn annually in upstream oil and gas investment to meet its fast-growing energy demands. He...

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...

The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.

Nigeria's Crude Oil Reserves Now 37.28bn Barrels - NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and condensate, alongside an eye-popping 210.54 trillion cubic feet of natural gas. This...

Africa's Oil and Gas Projects to Gulp $43bn in 2025  The African Energy Chamber’s State of African Energy 2025 Outlook Report has projected capital expenditure of $43 on oil and gas projects in Africa in the current year. This highlights strong investment trends, with West and...