Tag: NUPRC
No disparity between us and NUPRC oil output figures – NNPC
By Udeme AkpanThe Nigerian National Petroleum Company Limited (NNPC) has clarified that there is no discrepancy between its crude oil production figures and those...
NUPRC Rejects Dangote Refinery’s Claims of Poor Domestic Oil Supply Obligation Enforcement
by My EngineersThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied allegations by the Dangote Refinery that it has been lax in enforcing the...
FG re-engineers Nigeria’s oil bidding process, focuses on production bonus
By Udeme Akpan,The Federal Government has re-engineered Nigeria’s oil bidding process with emphasis on production bonuses, targeted at enabling investors to channel their scarce...
FG grants first oil exploration licence under Petroleum Industry Act
The Federal Government has granted a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, which is the first of such licence to be issued...
Nigeria’s upstream expenditure drops 77.8% to $6bn in 8yrs
CAPITAL expenditure, CapEx, into Nigeria’s upstream sector, dropped by 77.8 per cent to $6 billion in 2022, from $27 billion in 2014, due mainly...
Petroleum Industry Act: NMDPRA clears confusion over midstream, upstream operations
By Obas Esiedesa, AbujaThe Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has declared that the Petroleum Industry Act 2021 established a clear distinction...