Nigeria Targets $50bn Offshore Oil Investment by 2030 Amid Reforms
Nigeria is positioning itself to attract between $30 billion to $50 billion in new offshore oil and gas investments over ...
Tag: upstream petroleum
Seplat Sells 10% Stake to NNPC in $281.6 Million Deal, Boosts Investor Returns
Seplat Energy Plc has agreed to sell a 10 percent working interest in its joint venture with NNPC Limited for ...
Nigeria’s NUPRC Shifts Focus to Work Programme Compliance After Landmark 2024 Licensing Round
Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) is expected to intensify oversight of the 37 oil blocks awarded during its landmark ...
Aradel Holdings Posts N835bn PBT as 2025 Profit Surges 164%
Aradel Holdings Plc delivered a record financial performance in 2025, reporting profit before tax (PBT) of N835.01 billion, a 163.60% ...
Crude Oil Output Rises as NUPRC Targets 1.9 Million Barrels Per Day
Nigeria's crude oil production is showing signs of sustained recovery as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) intensifies efforts ...
NUPRC Urges Banks to Increase Funding for Nigeria’s Oil and Gas Industry
Nigeria’s oil and gas regulator has called on financial institutions to provide more funding support to operators in the industry ...
Nigeria Set to Launch 2026 Oil Block Licensing Round as Investor Confidence Grows
Nigeria is preparing to open a new round of oil and gas licensing opportunities in 2026 after receiving presidential approval ...
Nigeria Misses OPEC Oil Production Quota for Ninth Month
Nigeria has failed to meet its crude oil production quota set by the Organization of the Petroleum Exporting Countries (OPEC) ...
