August 3, 2025

Oil sector

General

Nigerian Oil Sector Attracts $16 Billion Investment Commitments in Two Years — NUPRC

Abuja, Nigeria – July, 2025 The Nigerian oil and gas industry has secured a total investment commitment of $16 billion over the past two years, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This milestone reflects growing investor confidence in the country’s energy sector despite global uncertainties and domestic challenges. NUPRC Chief Executive, Gbenga

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General

Petrobras Eyes Return to Nigeria’s Oil Sector with Deepwater Investment

Brazil’s state-owned oil giant, Petrobras, is making a significant move to re-enter Nigeria’s petroleum sector, focusing on acquiring frontier deepwater acreage. This development comes after the company previously exited Nigeria in 2020, selling off its assets for $1.5 billion. The Brazilian oil major’s renewed interest in Nigeria’s oil sector is seen as a vote of

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