Seplat Energy expects to complete the sale of a 10% working interest in its NNPC joint venture by December 2026 as part of its strategy to optimize assets, strengthen production efficiency, and expand long-term growth.
Tag: Petroleum Industry Act
Nigeria’s daily gas supply reached 2.05bcf in the first half of 2026 but remained 35% below target as NUPRC introduced a new Gas Swap Framework to improve domestic supply and support industrial growth.
FG Returns 13 Oil Blocks to Licensing Pool After Weak Investor Interest in 2025 Bid Round!
Nigeria’s Federal Government has returned 13 oil blocks from the 2025 Licensing Round after they failed to attract investor bids, highlighting the country’s commitment to transparent licensing and ongoing reforms in the oil and gas sector.
Nigeria’s 2025 Oil Licensing Round: 143 Companies Compete for 50 Strategic Oil Blocks in Major Energy Investment Drive!
Nigeria’s 2025 oil licensing round has attracted 143 companies competing for 50 oil blocks as the NUPRC begins a transparent evaluation process aimed at boosting investment, crude oil production, and long-term energy security across Africa.