[Daba Finance] Nigeria is offering tax credits of as much as $11.50 per barrel to attract up to $50 billion into deepwater oil and gas projects. President Bola Tinubu approved the Deep Offshore Oil and Gas Projects Incentives Order on Aug. 11, replacing project-by-project negotiations with rules that apply across qualifying developments. Gas projects can receive credits of as much as $8 per barrel of oil equivalent.
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[Daily Trust] Stakeholders in the oil and gas sector have welcomed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) projection that Nigeria's upstream oil and gas sector is to attract between $30 billion and $50 billion in offshore investments between 2026 and 2030.
[Daily Trust] The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday called on Nigeria and other West African countries to reduce their dependence on foreign markets in determining the prices of petroleum products.
[Premium Times] Nigeria's crude oil production fell by four per cent month-on-month in July 2026, despite the country maintaining production above its OPEC quota for the third consecutive month, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
[This Day] Aradel Holdings Plc has delivered a significant first half in 2026, with group production rising 523 per cent to an average of 139,500 barrels of oil equivalent per day (kboepd).
[Namibian] The Namibia Oil and Gas Conference will partner with the Namibia Youth Energy Forum (NYEF) to educate young professionals on opportunities in the energy sector.
[Premium Times] NUPRC says 53.7 million barrels of crude oil and condensate were supplied to local refineries between April and June 2026 under the Domestic Crude Supply Obligation (DCSO), representing 97.4 per cent compliance in the second quarter.
[Daily News] Dodoma -- TANZANIA has explored only 30 per cent of its identified oil and gas prospective areas, leaving more than 370,000 square kilometres yet to be assessed for possible petroleum discoveries.
[Premium Times] Analysis of official spill records shows sabotage, corrosion and equipment failures continued to pollute oil-producing communities across the Niger Delta in July despite years of government spending on pipeline surveillance and repeated promises to curb pollution.
[Capital FM] Nairobi -- Construction of Dangote's Lamu oil refinery will be financed through a combination of debt and shareholders' funds ahead of construction commencement in October 2026.
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Latest Industry News
- Nigeria: Nigeria Offers Tax Breaks to Lure $50b in Offshore Oil ProjectsAugust 13, 2026 - 7:04 pm
- Nigeria: Pipeline Surveillance Crucial for $50bn Upstream Investment – StakeholdersAugust 13, 2026 - 3:26 pm
- West Africa: West Africa Must Break Free Off Foreign Fuel Price Benchmarks – NmdpraAugust 13, 2026 - 3:26 pm

