The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has declared that the marketing of oil blocks has garnered staunch backing from the highest echelons of the government. Komolafe made this assertion at the Miami International Roadshow for the 2024 licensing round, organized by the NUPRC in partnership with the […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Commission Chiel Executive Officer, Engr Gbenga Komolafe, has visited Infosys, a renowned global consulting and IT services company in Houston, Texas. This visit was a part of his ongoing engagement with stakeholders in the Oil and Gas industry and technology developers at the 2024 Offshore Technology Conference(OTC). Komolafe’s […]

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Commission Chiel Executive Officer, Engr Gbenga Komolafe, has visited Infosys, a renowned global consulting and IT services company in Houston, Texas. This visit was a part of his ongoing engagement with stakeholders in the Oil and Gas industry and technology developers at the 2024 Offshore Technology Conference(OTC). Komolafe’s […]

 In line with his commitment to significantly leverage gas to grow the economy, President Bola Tinubu will commission three critical gas infrastructure projects being undertaken by the Nigerian National Petroleum Company Limited (NNPCL) and partners. The projects support the federal government’s effort to grow value from the nation’s gas assets while eliminating gas flaring. The […]

PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week. May 2, 2024 On Monday 29 April 2024, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) announced the opening of the Nigeria 2024 Bid Round. […]

Key Highlights of the Awards • The SUCO award in Egypt’s Gulf of Suez is for a firm 21-month term expected to start in the coming weeks. The drilling campaign will utilize a standard jackup unit from ADES’ fleet.  • The contract value from the firm term is approximately SAR 161 million.  • The new […]

Yinson Production has announced the successful closing of the limited recourse term loan facility of up to USD 1.3 billion for the pre- and post-delivery financing of the Agogo FPSO. The financing is provided by a consortium of 13 lenders, including international banks and institutional investors, and will be utilised over the course of the construction […]

In pursuit of timely completion by May 2024, key leadership figures from NNPC-NGIC, comprising the EVP, MD, and representatives from the Presidency, conducted a site visit to the Assa PTF on Saturday, May 4th, 2024. The purpose was to evaluate readiness and preparations for the forthcoming Presidential commissioning. Under the auspices of the Nigerian National […]

PGS, a leading provider of seismic and reservoir data for energy exploration and development, has data over 10 offshore blocks on offer in the Nigeria 2024 Bid Round announced this week. May 2, 2024 On Monday 29 April 2024, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) announced the opening of the Nigeria 2024 Bid Round. […]

The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. SNG will build and operate the gas distribution network, which will serve customers across Oyo State for 20 years. Speaking at the […]