The Minister of State Petroleum Resources, Timipre Sylva, has again blamed vandals and thieves for the dwindling revenue from the nation’s oil and gas sector.
About seven years after the Muhammadu Buhari led administration commenced Nigerian Gas Flare Commercialisation Programme (NGFCP), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday moved to award 48 licenses to investors.
The Organisation of Petroleum Exporting Countries plus (OPEC+) coalition's Joint Ministerial Monitoring Committee (JMMC) recommended no changes to the group's output policy at its meeting yesterday. The JMMC, which is made up of key OPEC+ ministers, is not a decision-making body, but it can make recommendations based on its assessment of the oil market and…
Federal Government, yesterday, began a move to tighten modalities guiding crude oil and gas production determination, verification and certification. Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has donated relief items to 2022 flood victims in Cross River State. The Chief Executive Officer of NUPRC, Gbenga Komolafe, said, yesterday, the commission was touched by challenges faced by the flood victims...
Senate, yesterday, faulted the revocation of Atala Marginal Oil Field (OML 46) in February 2020 by Department of Petroleum Resources (DPR), now Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Nigerian government has announced a mini-bid round for seven oil blocks. This is coming six months after the government, through the Nigerian Upstream Petroleum Regulatory Commission...
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Health, Safety, Environment and Community of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has expressed determination to finally put an end to gas flaring.
As Nigeria faces historic low oil production amidst gloomy economy and foreign exchange crisis, demands are growing for International Oil Companies (IOCs) and other operators to create a funding pool that will sustainably address insecurity, especially in region where oil operations are going on.
About seven months to the end of Muhammadu Buhari’s administration as president and minister of petroleum resources, concerns are seriously rising over Nigeria’s exploration activities in the northern part of the country as well as a purported one billion barrels crude oil discovery made in the region.
Nigeria has lost nothing less than 120 million barrels of crude oil from January and September this year amidst revenue crisis.
Nigeria might be pumping above two million barrels per day of crude oil, given new development on the 400,000 barrels per day (bpd) Forcados export terminal and moves to reopen shut-in wells.