Tag: upstream sector

Nigeria’s oil firms struggle to stay afloat as profits shrink to $7 per barrel

Business Damilola Bayonle -
Nigeria’s oil firms survive on $7 per barrel despite $70 crude prices Nigeria’s upstream oil producers are operating under intense...

Oil block entry costs cut: FG opens 2025 licensing round with lower signature bonuses

Business Damilola Bayonle -
Oil Block Entry Costs Slashed to Attract Fresh Investment The Federal Government has introduced a major policy adjustment aimed at...

Nigeria set for oil output boost as NUPRC expects an increase in oil production from EMEM FPSO

Business Damilola Bayonle -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has projected a boost in crude oil output as the EMEM Floating...