Importation of petroleum products and crude oil into Nigeria will persist in the short term despite the resumption of new regulators The post Nigeria’s fuel, crude importation concern defies price war appeared first on The Guardian Nigeria News – Nigeria Read More
Ogoni hails Abe, Kobani nominations to NUPRC, NMDPRA boards
.Insist appointments won’t reopen oil wells .As Wike commends nominations Some Ogoni stakeholders in Rivers State have commended the nomination of former Senator representing Rivers South-East, Magnus Abe, and former Minister of Trade and Investment, Kenneth Kobani, to the boards Read More
NNPC begins process to attract investors through planned asset stake sales
The Nigerian National Petroleum Company Limited (NNPC) has commenced moves to sell stakes in some of its oil and gas assets, according to a report by Reuters. The state-owned energy firm is seeking to optimise its portfolio and attract fresh Read More
WACOG congratulates Komolafe on election as AFRIPERF chairman
The West African Centre for Oil Governance (WACOG) has congratulated the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, on his election as chairman of the African Petroleum Regulators Forum (AFRIPERF), describing the development as a Read More
Nigeria eyes $10b from 50 oil blocks, 400,000 bpd oil output
.Reps order forensic audit of NMDPRA over gas infrastructure fund FIFTY oil blocks will be leased to investors to raise $10 billion and increase oil production by an additional 400,000 barrels per day, Abuja disclosed yesterday. This was as the House Read More
NUPRC promotes ADRC for quicker, fairer oil industry dispute resolution
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed efforts to promote the use of its Alternative Dispute Resolution The post NUPRC promotes ADRC for quicker, fairer oil industry dispute resolution appeared first on The Guardian Nigeria News – Nigeria Read More
NUPRC kicks against bill to create agency for oilfield decommissioning
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opposed the proposed National Commission for Decommissioning of Oil and Gas Installations (NC-DOGI) Bill, 2024, describing it as unnecessary, duplicative, and inconsistent with global best practices. The commission made its position known Read More
Nigeria didn’t build oil export terminal in 50 years – NUPRC
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said that Nigeria did not build a new crude oil export terminal for over half a century until the completion of the Otakikpo Onshore Terminal in Read More
Ingenia to lower oil production costs as NUPRC converts licence
As Nigeria’s upstream petroleum sector yesterday in Abuja marked conversion of Petroleum Prospecting Licence (PPL) to Petroleum Mining Lease (PML), the first of such under the Petroleum Industry Act (PIA), indigenous producers, Ingentia Energies Limited… The post Ingenia to lower Read More
NUPRC finalises deepwater PSCs for offshore blocks, secures new investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday supervised the formal signing of Production Sharing Contracts (PSCs) for two offshore oil blocks, Petroleum Prospecting Licences (PPLs) 2000 and 2001, awarded to the TotalEnergies–Sapetro Consortium. The ceremony, held in Abuja, Read More