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NUPRC Reduces Signature Bonuses For Oil Blocks To $10m For Deepwater And $7m For Shallow Water To Boost Investment

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reduced the maximum bonuses payabl...

June 12, 2024
Nigeria's Oil Production Increases By 4% To 1.28 Million Barrels Per Day

In April 2024, Nigeria's crude oil production increased by four percent to 1.28 million barrels per...

May 13, 2024
FG Starts 2024 Bid Round, offers 12 Greenfield Oil Blocks

The federal government has commenced the 2024 oil bid round process with 12 oil blocks on offer and...

April 30, 2024
FG To Transport Crude Oil  Export Terminals via Trucks
April 1, 2024

The Federal Government has adopted a virtual means of evacuation of crude oil that involves the util...

Nigeria Loses Africa's Top Oil Producer Spot To Angola
May 12, 2023

Due to a drop in production, Angola has replaced Nigeria as Africa's top producer of crude oil....

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