OIL & GAS

The Nigeria Upstream Petroleum Regulatory Commission has shortlisted 139 firm for its Nigerian Gas Flare Commercialisation Programme. The announcement was made in a statement signed by the commission’s Chief Executive Officer, Gbenga Komolafe, on Friday. Komolafe noted that over 300 firms applied to revalidate…

The Nigerian Upstream Petroleum Regulatory Commission on Thursday, issued a seven-day ultimatum for all lease and licence holders operating in Nigeria’s oil and gas sector, to disclose the real owners of their companies. In the directive signed by its Chief Executive, Gbenga Komolafe,…

Oil marketers on Sunday said the Federal Government should evacuate and dispense the products currently trapped in the depots which were shut down recently by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Marketers said the products should be dispensed at the regulated…

The Nigerian National Petroleum Company Limited (NNPC) yesterday again announced that it had destroyed a barge carrying illegal crude oil as well as a filling station which has been receiving stolen products. In a note last night, the national oil company stated that…

Fifteen years after it last put up about 45 deep offshore assets for public bidding, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday announced that the process to invite Nigerian and foreign oil industry players to apply for seven more facilities had…

Nigeria’s crude oil earnings rose by about N308.6bn within two months following the recent increase in the country’s oil output due to concerted efforts by the Nigerian National Petroleum Company Limited and security agencies to halt oil theft. Data accessed from the Nigerian…

The historic step taken by the Nigerian National Petroleum Company Limited (NNPCL) to launch an onslaught against oil theft which had ravaged oil production capacity is fast paying off as oil production has risen to 1.59 million barrels per day (bpd) in…

The queues for Premium Motor Spirit, popularly called petrol, may continue in many states despite the 17 kobo slash in the ex-depot price of the commodity, oil marketers stated on Wednesday. Members of the Independent Petroleum Marketers Association of Nigeria said the supply…