oil and gas

Nigerian National Petroleum Company Limited CEO Bashir Bayo Ojulari received the prestigious Fellowship of the Energy Institute as the state oil firm deepens collaboration with Dangote Refinery on port expansion and operational scaling.

Azule Energy has achieved first production from its Ndungu field offshore Angola, marking a significant milestone in the Agogo Integrated West Hub Project designed to maximize hydrocarbon recovery from Block 15/06's western area.

President Bola Tinubu has signed an executive order mandating direct payment of oil and gas revenues into the Federation Account, a move the Revenue Mobilisation Allocation and Fiscal Commission says will curb leakages and boost government coffers.

Eni, Equinor, Azule Energy, and Chevron have announced significant oil and gas discoveries across Angola, Ivory Coast, and the North Sea, while Cameroon opens nine blocks in a licensing round targeting proven basins with existing infrastructure.

Federal Government introduces Presidential Executive Order mandating direct oil and gas revenue remittance to Federation Account while Finance Minister Edun engages foreign investors threatening to halt $3 billion in capital deployment over capital gains tax concerns.

The Nigerian Upstream Petroleum Regulatory Commission inaugurates a gravimetric metering facility in Akwa Ibom State while the federal government establishes a project management committee for the country's first international oil spill summit, marking dual efforts to enhance operational accountability and environmental governance.

President Tinubu signs Executive Order requiring immediate transfer of petroleum revenues to central treasury, marking significant shift in Nigeria's oil revenue management framework.

The 2021 acquisition of a 45% stake in Oil Mining Lease 17 by Heirs Energies represents a watershed moment for indigenous participation in Nigeria's upstream sector, as African-owned entities increasingly replace international oil majors in the Niger Delta.

Nigeria's federal government pursues dual-track development strategy as urban infrastructure renewal gains momentum in Abuja while energy sector receives enhanced environmental protection framework through new oil spill response committee.

Industry executives warn Nigeria's declared 'Decade of Gas' requires immediate upstream capital deployment, while state-owned Niger Delta Power Holding Company advances risk mitigation protocols at thermal facilities amid chronic generation shortfalls.

Nigeria's state oil company has signed a tripartite agreement with Chinese firms for gas infrastructure development, while international traders increasingly partner with indigenous operators amid improved regulatory environment.