Tinubu Approves 2026 Oil Block Licensing Round
The Nigerian Upstream Petroleum Regulatory Commission has secured presidential approval to commence its 2026 licensing round before the end of the year. The commission said the exercise, expected to commence by the third quarter of 2026, had received the backing of President Bola Tinubu, who is also the Minister of Petroleum Resources, in line with […]
Nigeria Ends OPL 245 Dispute, Splits Block for Shell & Eni
The Federal Government has broken up the controversial OPL 245 oil block into four new assets to be operated by Eni and Shell, in a move that could finally unlock one of Nigeria’s largest untapped deepwater reserves after nearly three decades of legal and political disputes. A source familiar with the development told Reuters on […]