OilAndGasNigeria

PIA’s Drill-or-Drop Rule Ends Two Decades of Licence Squatting, Opens Door to Annual Bid Rounds Abuja: The Nigerian Upstream Petroleum Regulatory Commission has declared an end to the era of …

Abuja: President Bola Tinubu has appointed Fola Adeola, co-founder of Guaranty Trust Bank, to chair a new Presidential Petroleum Reform and Value Optimisation Task Force tasked with unlocking up to …

Abuja:  Some Oil and Gas marketers have called on President Bola Tinubu to urgently resolve the ongoing trade war in the downstream petroleum sector to avert further issues, especially in …

Nigeria’s petroleum regulatory sector has been thrown into upheaval following the resignation of Farouk Ahmed, Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Gbenga Komolafe, …

Lagos, Nigeria: In a bold reform move, Nigeria’s Federal Government has cut oil block signature bonuses from $100 million to $10 million, aiming to reignite upstream investment and boost production. …