News

NUPRC sets December 1 for 2025 Licensing Round

…Moves to tackle funding gaps in upstream sector Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced that the 2025 Licensing Round will officially commence on December 1, 2025, marking a […]
News

Oil falls after loadings resume at key Russian export hub

*Global oil flow. – Russia’s Novorossiysk port resumed oil loadings on Sunday– Trump said Republicans preparing legislation to sanction countries doing business with Russia– Speculators increased ICE Brent net longs amid sanctions-related supply risks Tokyo/Beijing […]
News

What Nigeria can learn from global gas superpowers

*Nigeria’s gas pipeline infrastructure. Oghenekevwe Ovbije & Obiageri Amaliri Houston, TX — While Nigeria continues to declare natural gas its transition fuel of choice, the gap between ambition and execution grows wider each year. With […]
News

Nigeria drops planned fuel import tariff

*Fuel imports Lagos — Nigeria has ended plans to impose a 15% import duty on petrol and diesel amid assurances of adequate supply during the year-end holidays, the downstream regulator said on Thursday. The tariff, […]
News

New FDPs can unlock 1.7bn barrels, 7.7tcf of gas- NUPRC

*Gbenga Komolafe, NUPRC boss Oritsegbubemi Omatseyin Lagos — The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engineer Gbenga Komolafe, has said that the 43 Field Development Plans, FDPs, recorded this year can […]