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Idle oil blocks face revocation under PIA, NUPRC warns

*Gbenga Komolafe, NUPRC Mkpoikana Udoma Port Harcourt — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has warned that oil block holders who fail to meet their development obligations risk outright revocation of their licenses, in […]
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Cooking gas prices surge by 44% in year

*LPG and cooking gas refilling plant. Mkpoikana Udoma Port Harcourt — The cost of cooking gas has continued its steep climb, as latest data from the National Bureau of Statistics, NBS, shows prices surged by […]
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Nigeria signs deepwater oil contract with TotalEnergies

Nigeria, Africa’s largest oil producer, is seeking to revitalize its upstream sector amid global energy transition pressures and declining investment in fossil fuels. The deal covers petroleum prospecting licences 2000 and 2001, awarded during the […]
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Nigeria grows gas output by 4.72% in one month

*NLNG-Train-7 Michael Eboh Dublin, Ireland — Nigeria’s gas output grew by 4.72 per cent to 194.179 billion standard cubic feet (SCF) in July 2025, compared with 185.432 billion SCF (BSCF) recorded in the previous month, […]