News and Updates

Seplat Energy Plc, a Nigerian energy company, has announced its drilling program for 2024, targeting the delivery of 13 new oil and gas wells across its operated and non-operated assets. “The breakdown of the new wells includes 11 dedicated to oil production and 2 focused on gas production, according to the company’s unaudited results for […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is moving to speed up the conclusion of regulatory oversight on the ongoing oil assets divestment by International Oil Companies (IOCs), With the process now fully expedited, it was gathered that when concluded, Nigeria would add at least 700,000 barrels per day to its current daily production volume,

The federal government has outlined some fiscal incentives to revamp the nation’s ailing oil and gas sector. The objective of the initiative is to attract about $10 billion investment in the next 18 months. The incentives come on the heels of recent pronouncements by the Nigerian National Petroleum Company Limited (NNPCL) and its Joint Venture

The Petroleum Technology Association of Nigeria (PETAN) has assured the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and stakeholders in the oil and gas sector, that its members are ready to crash oil production cost with hi-tech equipment. PETAN chairman, Mr. Wole Ogunsanya, gave the assurance when he led a delegation of PETAN Executive on a

The Nigerian National Petroleum Company Limited (NNPC) at the weekend reiterated its commitment to transforming Nigeria into a gas-powered nation, in line with the country’s enormous natural endowment of over 209 trillion cubic feet of gas reserves.A statement from the national oil company stated that its Group Chief Executive Officer, Mele Kyari , made the

A Civil Society Network, Say No Campaign, has thrown its weight behind key reforms by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) tailored towards transparency in hydrocarbon accounting, enhancing oil and gas production and curbing leakages in the country. Speaking in Abuja, Ezenwa Nwagwu, convener of the Say No Campaign, a citizen’s movement against impunity

ENGIE Energy Access, one of the leading off-grid providers in Africa and CarbonClear – a data-driven and innovative carbon offset certification company, have announced a partnership in a pioneer agreement to accelerate the use of climate finance by the off-grid sector in sub-Saharan Africa through issuing and selling data-driven and impactful carbon credits.Also working in

The oil and gas industry is experiencing a technological transformation with new advancements every year. It’s one of the largest industries in the world, with demand growing every day. The need for large-scale, cutting-edge innovation is high. What technologies are driving this innovation most? These four advancements are at the forefront of today’s evolving oil

Nigeria introduced new measures aimed at revamping investment in the country’s oil and natural gas sector. President Bola Tinubu on Wednesday signed executive orders introducing tax credits for some onshore and shallow-water locations and streamlining contract approvals, the government said in a statement on X. The measures also include some local-content requirements. Nigeria is already

That was one of the key takeaways from a new report published by Enverus Intelligence Research (EIR), the company highlighted in a statement sent to Rigzone. “EIR expects global oil demand to grow to approximately 108 million barrels per day by 2030,” EIR noted in the statement. “Chief among their evidence is that fuel economy