Oil Companies

The Federal Government will impose a $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and February 2023. According to latest gas flare data by…

The Federal Government has said it will sanction oil and gas companies that fail to comply with the Human Capacity Development (HCD) provisions contained in the Nigerian Oil and Gas Industry Content Development Act. The Executive…

The Nigerian National Petroleum Corporation (NNPC) is renegotiating commercial contract terms with major oil companies in the country. Mallam Mele Kolo Kyari, the Group Managing Director of the NNPC, disclosed this in an interview,…