Oil and Gas Sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has issued seven new regulations aimed at providing a regulatory environment that assures efficiency, predictability, clarity and effectiveness to the Nigerian oil and gas sector. NUPRC Chief Executive Gbenga Komolafe disclosed...

The combined bank lending to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N6.62tn as of December 2022, according to data from the Central Bank of Nigeria. (CBN). While operators in...

May 18, (THEWILL) - As the 2023 Nigerian Oil and Gas Opportunity Fair (NOGOF) kicked off, the Executive Secretary of Nigerian Content Development And Monitoring Board (NCDMB), Engr Simbi Wabote, has said that the oil and gas sector between...

May 18, (THEWILL) - Rising demand in China and the United States sent global oil demand surging by 3 million barrels per day (bpd) in March compared to February and hitting the highest level on record, data from the...

May 15, (THEWILL) - The Bayelsa State Oil and Environmental Commission (BSOEC), will on Tuesday, May 16, formally present the final report of its investigation into the impact of oil exploration activities on the state to the international community. The...

May 11, (THEWILL) - President Muhammadu Buhari has approved the declaration of the hydrocarbon-rich Oguta/Ohaji/Egbema area of Imo State as an Oil & Gas Free Trade Zone. The President’s approval was given following the request for the status by Imo...

New York-based climate security campaigner, 350.org, has implored financiers to hold back support for the construction of the East Africa Crude Oil Pipeline (EACOP), a 1,443km-project spanning Tanzania and Uganda and led by TotalEnergies. The group, in an email to...

In line with its mandate and continued efforts of the Nigerian Content Development and Monitoring Board (NCDMB) to support the development of in-country capacities that would serve the Nigerian oil and gas industry and allied sectors, the Executive Secretary,...

April 23, (THEWILL) - As Nigeria navigates the 3rd year of implementing the Decade of Gas Programme of the Federal Government, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advocated...

January 06, (THEWILL) - The Federal Government has directed all lease and licence holders operating in the country’s oil and gas sector to disclose owners of their companies. The directive is contained in a notice signed by the Chief Executive...