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NUPRC grants first post-PIA petroleum exploration licence

    NUPRC grants first post-PIA petroleum exploration licence

The Nigerian Upstream Petroleum Commission (NUPRC) says it has granted a petroleum exploration licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD). The commission, in a statement on Thursday, said the

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Gas association calls for review of PIA to aid ease of doing business

    Gas association calls for review of PIA to aid ease of doing business

The Nigerian Gas Association (NGA) has called for an immediate and critical review of the Petroleum Industry Act (PIA) to address impediments hindering investment and ease of doing business. Akachukwu

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Nigeria’s oil production increases to 1.3m bpd — highest so far in 2023

    Nigeria’s oil production increases to 1.3m bpd — highest so far in 2023

Nigeria’s oil production increased to 1,346,562 barrels per day (bpd) in September 2023. The country’s drilling performance is contained in the latest crude oil and condensate production data of the

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‘We’re optimistic’ — NUPRC says ExxonMobil-Seplat deal will sail through

    ‘We’re optimistic’ — NUPRC says ExxonMobil-Seplat deal will sail through

Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the agency is optimistic that the sale of assets by ExxonMobil to Seplat Energy will

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Nigeria to become net exporter of petroleum products by 2024, says Kyari

    Nigeria to become net exporter of petroleum products by 2024, says Kyari

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says Nigeria will become a

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‘We’re recovering full cost on imports’ — NNPC says no subsidy on petrol

    ‘We’re recovering full cost on imports’ — NNPC says no subsidy on petrol

The federal government says it is not paying any form of subsidy on petroleum motor spirit (PMS), also known as

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NNPC regains sole importer status as oil marketers battle FX constraints

    NNPC regains sole importer status as oil marketers battle FX constraints

The Nigerian National Petroleum Company (NNPC) Limited says it has regained its status as the sole importer of petrol into

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‘We mustn’t go back’ — marketers caution FG against reintroducing subsidy

    ‘We mustn’t go back’ — marketers caution FG against reintroducing subsidy

Oil marketers have cautioned the federal government against the reintroduction of the petrol subsidy regime. They made the call during

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NNPC denies handing pipeline contracts to ‘northern oil cabal’, lists 17 firms as awardees

    NNPC denies handing pipeline contracts to ‘northern oil cabal’, lists 17 firms as awardees

The Nigerian National Petroleum Company (NNPC) Limited has denied reports that contracts for the rehabilitation of pipelines across the country

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Senate committee to FG: Sell moribund refineries, invest proceeds in mining sector

    Senate committee to FG: Sell moribund refineries, invest proceeds in mining sector

The senate committee on finance has proposed the sale of government-owned moribund oil refineries, describing them as “bottomless pits”, despite

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