OIL BLOCKS

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it will offer seven deep offshore oil blocks to investors in its 2022 mini-bid round with the aim of spurring new…

Nigeria’s President Muhammadu Buhari has reversed the revocation of four Oil Mining Licences (OML) by the Department of Petroleum Resources (DPR) and restored their leases to the Nigerian…

President Muhammadu Buhari, in his capacity as Nigeria’s substantive Minister of Petroleum Resources, has approved the renewal of some expired and expiring oil blocks licenses, from which…

Militancy and low oil prices question over 50 years of discretionary oil block allocations in Nigeria – an aberration that became a law, writes ISAAC ANYAOGU. The Norwegian…