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AllAfrica News: Petroleum

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[This Day] Abuja and Peter Uzoho in Lagos -- French major, TotalEnergies, yesterday announced that it had signed a Sale and Purchase Agreement (SPA) to sell its 10 per cent non-operated stake in the Nigerian onshore oil asset formerly owned by SPDC, now renamed Renaissance.


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[This Day] ·Commission lowers signature bonus, entry fees


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[Premium Times] Mrs Eyesan said her vision for the upstream sector rests on three pillars-production optimisation and revenue expansion; regulatory predictability and speed; and safe, governed and sustainable operations.


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[Leadership] The Urhobo Ethnic Nationality in the Niger Delta has warned the federal government and oil companies that it would no longer accept "deliberate, systematic and oppressive exclusion" of its people from the management and administration of Nigeria's petroleum sector.


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[Premium Times] The Nigerian oil and gas industry has frequently been in the news for various reasons. Decades before the Petroleum Industry Act (PIA) was enacted in August 2021, the country's oil and gas exploration sector faced significant challenges due to unclear rules, changing policies and low investor confidence. This was in spite of its key role in the country's economy....


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