NCDMB, BOI unveil $100m fund, local content hits 61%
NCDMB and BOI launch a $100m Equity Investment Scheme to boost indigenous oil & gas firms. Nigerian content performance rises to 61%. New rules make certificates non-transferable from 2026.
Category : Search result: oil and gas competition
Nigeria eyes $10bn from 50 oil blocks lease
Nigeria's NUPRC launches 2025 oil licensing round for 50 blocks, aiming to raise $10bn and boost output by 400,000 barrels per day. Discover the transparent bidding process.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
FG Opens 50 Oil, Gas Blocks for Sale, Announces Date
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
UK Allows New Oil and Gas Drilling in North Sea
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80
President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Atlantic Hall wins ALTECS U-17 school football tourney
Atlantic Hall defeated British International School Lagos 1-0 to clinch the 2025 ALTECS U-17 Secondary School Football Competition, a platform merging education and sports for Nigerian youth.
Tinubu hails former NNPC GMD Gaius-Obaseki at 80
President Tinubu celebrates Dr. Jackson Gaius-Obaseki's 80th birthday, praising his transformative impact on Nigeria's oil and gas sector. Read about his legacy and NNPC's new health scheme.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
NNPCL Targets Higher Production, Gas Monetisation in 2025
NNPC Limited reveals a ₦5.4 trillion profit and outlines a bold 2025 strategy focusing on increased oil production to 1.8 million bpd, aggressive gas monetisation, and cost-cutting measures. Discover how this impacts Nigeria's economy.
Gas Explosion Claims 3 Lives in Ibadan
Tragic gas explosion in Ibadan's Biodun Alaadun area leaves three dead, including shop owner. Oyo State Fire Service confirms incident details and restoration of normalcy.
Gas explosion kills many in Ibadan
A tragic gas explosion in Ibadan's Bioku-Alaadun area has claimed multiple lives and damaged properties. Emergency services are on site. Learn more about the incident and crucial safety measures.
Man Wins 'World's Laziest' Title in China Bed Contest
A man in China has been crowned the 'world's laziest man' after winning a 'bed rotting' competition that lasted over 33 hours. Discover how 240 competitors battled in this unusual lie-flat contest.
N10m FIRS Essay Competition Opens for Nigerian Youths
FIRS partners with Abuja City Journal for national essay competition offering N10m total prizes. Nigerian students and young writers can showcase talent. Grand finale set for November 26 in Abuja.
PENGASSAN: Oil Retirees' Pensions Losing Value
PENGASSAN raises alarm as oil and gas retirees face hardship with stagnant pensions eroded by inflation. Union demands urgent review from PenCom and major oil companies.
New 500MT LPG Depot Launched in Ore, Ondo State
Alles Charis Gas Limited commissions a 500-metric-tonne LPG facility in Ore, Ondo state, to deepen domestic gas penetration, improve supply security, and support Nigeria's clean energy transition. Discover the impact.
Shettima: Tinubu's reforms expand investment frontiers
Vice President Shettima declares Nigeria ready for large-scale investments as Tinubu's reforms attract global investors. Advanced Energy Partners leads $30B consortium exploring oil, gas opportunities.
Midwestern Oil Names First Female CEO
Midwestern Oil and Gas makes history by appointing Engr. Elozino Olaniyan as its first female CEO. With 30+ years experience, she will drive governance reforms and sustainable growth in Nigeria's energy sector.
Imo Secures 30.6 Hectares for Modular Refinery
Imo State government acquires 30.6 hectares in Nekede for Iheoma Marginal Field modular refinery project, promising job creation and economic boost for the region.
Gas Cylinder Expiry: How To Check for Safety
Learn how to check if your gas cylinder has expired to prevent dangerous leaks and explosions. Essential safety guide for Nigerian households using cooking gas.
Nigeria Plans 500 CNG Stations via Gas Fund
Federal Government confirms 500 CNG stations will be built across Nigeria using MDGIF funds. Project aims to support one million CNG vehicles by 2027, reducing petrol dependence.
Reliability: Nigeria's New Oil - NoteOpX Revolution
Discover how Nigerian startup NoteOpX is transforming industrial reliability with African-built asset management systems, saving millions and preventing failures across oil, gas and power sectors.
NUPRC Praised for Transparent Frontier Fund Use
Oil and Gas Watchdogs Network commends NUPRC's transparent management of Frontier Exploration Fund, highlighting proper deployment for Nigeria's energy security. Read more.
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