oil and gas industry

Federal Government Returns 13 Oil and Gas Blocks to Licensing Pool After They Fail to Attract a Single Investor Bid During the 2025 Licencing Round Only 37 of the 50 Assets Offered Across Seven Sedimentary Basins Secure Commercial...

August 17, (THEWILL) — Nigeria’s nine oil-producing states amassed a total of N781.83 billion as statutory13 percent derivative fund from the Federation Account Allocation Committee (FAAC) in the first six months (H1) of 2025, according to data by the...

September 06, (THEWILL) – Nigeria’s oil and gas companies paid about N132.06 billion in gross insurance non-life premiums in the first quarter of 2024 (Q1 2024). This is according to the bulletin of insurance market performance in the first quarter...

August 08, (THEWILL) – The Nigerian Content Development and Monitoring Board (NCDMB) and the Senate Committee on Local Content have completed their retreat in Abuja, aimed at forging closer collaboration between the two entities, to achieve improved implementation of...

February 06, (THEWILL) - Easily one of the highest-ranking females in Nigeria’s male-dominated oil and gas space today, the Executive Vice President, Upstream, of the Nigerian National Petroleum Company Limited (NNPCL), Oritsemeyiwa Amanoritsewo Eyesan, is by no means a...

January 07, (THEWILL) - Despite housing the largest natural gas reserves and significant crude oil deposits in Nigeria, Imo state, in South-east region, attracted zero foreign investment in four years, between 2020 and 2023, according to data by the...

December 15, (THEWILL) - Some oil and gas as well as investment experts have reacted to the Federal Government’s plan to audit the operations of the Nigerian National Petroleum Company Limited (NNPCL), describing it as an elaborate hoax that...

November 19, (THEWILL) - The publisher of the Blue Economy magazine online and Senior Special Assistant (SSA) to Bayelsa State Governor on Tourism, Dr Piriye Kiyaramo, has lamented that the population of whale and dolphin fauna of the West...

June 14, (THEWILL) - TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria. The company, in a statement published on its website, said the well is located in shallow waters, 60 km off the southeast...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Gbenga Komolafe, made the assertions shortly after...