The Nigeria Extractive Industries Transparency Initiative and the Nigerian Upstream Petroleum Regulatory Commission, have clarified concerns around the 2020 marginal fields awards. Both agencies explained in separate statements that recent reports that quoted NEITI report to have insinuated that the…
Nigeria’s oil production in October 2023 has suffered a decline to 1.56 million barrels of crude oil per day (bpd) following an increase earlier in September. According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria produced 1,350,573…
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the oil and Gas industry in 2021 has accused the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of flouting its own regulations while implementing the 2020/2021 marginal fields award.…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal government revenue generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between January 1, 2020 and December 31, 2021.…
As more private refineries indicate readiness to commence production soon in Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is taking all necessary steps within the prescriptions of the Petroleum Industry Act (2021) to ensure adequate and consistent supply of…
Following the readiness of more private refineries to commence production of crude oil in Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned all saboteurs to desist from hindering adequate and consistent supply of feedstock to operators. In a statement by Mrs Olaide…
According to the latest monthly report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average oil production hit a 20-month high in September reaching 1.57mbpd. The report indicated that crude oil output (including condensate) rose by 11.1 percent from…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has granted RusselSmith approval to deploy its industrial non-metallic additive manufacturing solution in the Nigerian oil and gas industry. The Commission Chief Executive (CCE), Mr Gbenga Komolafe, who disclosed this during the week…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering inactive crude oil blocks and reverse the trend. Dr Kelechi Ofoegbu, Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC, made this known at its Consultation…
The Nigerian Upstream Petroleum Commission (NUPRC) in compliance with the provisions of Section 71 (1) – (10) of the Petroleum Industry Act (PIA) 2021 has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD). The PEL is…
