Petroleum Industry Act News
Latest articles and news about Petroleum Industry Act on AXL Media.
Latest Articles
- Nigerian Gas Association Legal Forum Establishes New Regulatory Roadmap for Low Carbon Investment
Published: Apr 21, 2026
Section: Africa
The Nigerian Gas Association has concluded its inaugural Legal Forum, focusing on the alignment of the Petroleum Industry Act with global energy transition goals. Stakeholders emph...
- Nigerian Gas Association Sets Strategic Legal Agenda to Attract Investment and Unlock Natural Gas Potential
Published: Apr 21, 2026
Section: Africa
NGA President Akachukwu Nwokedi has unveiled a comprehensive legal reform agenda aimed at strengthening Nigeria's gas sector. Focused on regulatory certainty, the Petroleum Industr...
- ExxonMobil Erha Project Generates $70 Billion Over Two Decades As Government Pushes For Gas Expansion
Published: Apr 20, 2026
Section: Africa
ExxonMobil’s Erha Deepwater project has contributed more than $70 billion in total value to the Nigerian economy over its 20-year lifespan, with $23 billion remitted directly to th...
- Nigerian Upstream Petroleum Regulatory Commission Reforms Secure Over $10 Billion In Strategic Oil And Gas Investments
Published: Apr 10, 2026
Section: Africa
NUPRC Chief Executive Oritsemeyiwa Eyesan announced that recent regulatory reforms have unlocked $10 billion in new upstream investments across Nigeria. Speaking at the 2026 Oloibi...
- NUPRC Chief Demands Shift From Paper to Performance to Secure Nigeria’s 37 Billion Barrel Oil Reserves
Published: Apr 9, 2026
Section: Africa
Oritsemeyiwa Eyesan, Chief Executive of the NUPRC, warned Thursday that Nigeria’s petroleum reforms must transition from theoretical regulations into disciplined execution to unloc...
- National Assembly Affirms Tantita Security Contract as Nigerian Oil Production Surges to 1.8 Million Barrels Daily
Published: Apr 9, 2026
Section: Africa
The National Assembly’s joint committees on Petroleum Resources officially dismissed three petitions against private pipeline surveillance contracts, citing a massive recovery in c...
- Nigeria Prepares for Paris Energy Forum with $18bn in New Project Approvals and Surging Crude Output
Published: Apr 8, 2026
Section: Africa
Nigeria is positioning its oil and gas sector for global investment at the upcoming Invest in African Energy Forum in Paris. Backed by the Petroleum Industry Act, the government re...
- Minister Of Finance Commends NUPRC As Nigeria’s Daily Oil Production Hits 1.84 Million Barrels
Published: Apr 4, 2026
Section: Africa
Finance Minister Wale Edun has lauded the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for increasing daily crude output to 1.84 million barrels. This recovery follows...
- Indigenous Oil Firms Drive Production Gains as African Onshore Spending Projects Record $22 Billion High by 2026
Published: Apr 3, 2026
Section: Africa
African oil markets are shifting toward local ownership as indigenous firms successfully revitalize mature assets divested by international oil majors. Supported by the Petroleum I...
- Nigerian Energy Costs Surge as Domestic Gas Base Price Increases and Cooking Gas Hits ₦1,150 per Kilogram
Published: Apr 2, 2026
Section: Africa
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced a strategic increase in the domestic base price of natural gas to $2.18 per MMBtu. Concu...
- Nigeria’s Gas Reserves Climb to 215 Trillion Cubic Feet as Crude Oil Levels Face Marginal Decline
Published: Apr 1, 2026
Section: Africa
The Nigerian Upstream Petroleum Regulatory Commission has officially declared the nation’s petroleum reserves position for 2026, revealing a 2.21% increase in gas resources. While...
- Dangote Refinery Vulnerability Exposed as Global Crude Import Costs Drive Sixty Five Percent Petrol Price Surge in Nigeria
Published: Mar 31, 2026
Section: Africa
Nigeria’s 650,000-barrel-per-day Dangote Petroleum Refinery is struggling to act as a market buffer as international crude prices soar amid the Iran-Israel conflict. Despite its ma...