Petroleum Industry Act
Regulatory Uncertainty Could Undermine Oil Investments, NMDPRA Chief Warns
By Benson Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority has warned that uncertainty in the regulatory environment could undermine investment in...
NUPRC Approves Over $57 Billion in Oil and Gas Development Plans Since 2024
By Benson Daniel Nigeria's upstream petroleum sector has attracted significant investment momentum, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approving more than...
Nigeria Unaffected as Seven OPEC+ Members Approve 188,000 bpd Output Increase
By Benson Daniel Nigeria is expected to avoid any immediate impact after seven members of the OPEC+ alliance agreed to increase their combined...
Fuel Marketers, NMDPRA Clash Over Import Licence Policy
By Benson Daniel A disagreement has emerged between petroleum marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the issuance...
Nigeria Maintains Africa’s Top Spot in Upstream Oil Investment Despite Capital Slowdown
By Benson Daniel Nigeria has maintained its position as Africa's leading destination for upstream oil and gas investment despite a decline in capital...
Oil Block Allocations Alone Insufficient to Achieve Nigeria’s 3mbpd Production Goal
By Benson Daniel Industry experts have warned that awarding new oil blocks alone will not be enough for Nigeria to achieve its ambitious...
NUPRC Awards 37 Oil Blocks, Sets 90-Day Deadline for Successful Bidders
By Benson Daniel The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has concluded the commercial phase of its 2025 Licensing Round, announcing 31 companies...
NUPRC Unveils Winners of Nigeria’s 2025 Oil and Gas Licensing Round.
Thirty one companies have emerged winners of 37 oil and gas blocks following a competitive bidding process conducted under Nigeria’s 2025 Licensing Round....
