oil blocks News
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Latest Articles
- NUPRC Mandates Oil Block Development or Forfeiture Under New Petroleum Industry Act Regulatory Framework
Published: Mar 30, 2026
Section: Africa
The Nigerian Upstream Petroleum Regulatory Commission has implemented a strict "drill-or-drop" policy to prevent the long-term hoarding of exploration assets. Under Section 94 of t...
- Federal High Court Orders Final Forfeiture Of $13 Million Linked To Aisha Achimugu And Oceangate Engineering
Published: Mar 25, 2026
Section: Africa
Justice Emeka Nwite has granted the final forfeiture of $13 million to the federal government following an EFCC investigation into Oceangate Engineering Oil & Gas Ltd. The court ru...
- Abuja High Court Orders Final Forfeiture of 13 Million Dollars Linked to Firm Owned by Aisha Achimugu
Published: Mar 25, 2026
Section: Africa
Justice Emeka Nwite of the Federal High Court in Abuja has granted a final forfeiture order for $13 million associated with Oceangate Engineering Oil & Gas Ltd, a company owned by...