Shell attributes rising gas output to pricing reforms
Shell Nigeria Gas has attributed the growth in domestic gas production and investment to reforms that introduced clearer pricing frameworks and reduced policy uncertainty in the sector. The company stated this at the second business forum of the Association of Local Distributors of Gas held in Abuja, where industry stakeholders discussed ways to improve access […]
Oil Sector Regulators Target Reduced Compliance Costs
The Nigerian Upstream Petroleum Regulatory Commission has commenced moves to harmonise regulatory processes with the Nigerian Nuclear Regulatory Authority as part of efforts to strengthen radiological safety in oil and gas operations and reduce the cost of doing business in the upstream petroleum sector. The initiative emerged from a recent meeting between the Commission Chief […]
Oil Sector Attracts $460,000 in Q1 2026, NBS Reports
nigeria’s oil and gas sector recorded a 283.3 per cent increase in foreign capital inflows in the first quarter of 2026, but the industry continued to attract only a negligible share of total investments entering the country, official data have shown. Figures obtained from the latest Capital Importation Report released by the National Bureau of […]
NMDPRA Boss Unveils Operational Overhaul Agenda
The Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Mr Rabiu Umar, has unveiled an operational overhaul agenda aimed at strengthening regulatory discipline, improving efficiency, and deepening professionalism across the oil and gas regulatory space. Umar made this revelation on Tuesday during his maiden town hall meeting with staff at the […]
NMDPRA Enforces 3% Host Community Fund Contributions
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host community funds, with the introduction of a digital portal aimed at […]
NMDPRA insists on regulatory compliance in free trade zones
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has declared that petroleum companies operating in free zones, export processing zones and other designated areas in Nigeria remain fully subject to the provisions of the Petroleum Industry Act 2021 and regulations issued under the law. The regulator stated this in an industry circular released recently. Free […]
Nigeria’s Federation Oil Earnings Slump Despite High Prices
Federation oil earnings from Nigerian National Petroleum Company Limited’s Production Sharing Contract profit distribution fell by N78.71bn in March 2026, despite a strong rally in global crude oil prices during the month, an analysis of NNPC reports presented at Federation Account Allocation Committee meetings has shown. The reports, obtained by Sunday PUNCH, showed that PSC […]