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Marginal fields: Nigeria pockets trillions

Nigeria earned about N2 trillion from the latest round (2020/2021), as each of the awardees paid a total of N48 billion for fees and bonuses to earn the licence.

Santa Barbara oil spill: NUPRC to begin post assessment

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the successful stoppage of the Santa Barbara Oil spill at Nembe Creek in...

What we are doing to tackle AITEO’s Nembe oil spills – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its commitment to tackle oil spills in the Nigerian oil and gas sector...

Our further response to SBAR oil spill- AITEO

Excerpts from Aiteo’s management statement on further response to oil leak in its Santa Barbara, Southwest field, in Nembe Local Government Area...

The Ghana’s oil production set for decline in 2022

written by Kayode Ekundayo November 9, 2021 38 views 5 mins read The Ghana’s oil production is set to decline in 2022 as a...

NUPRC keen on increasing Nigeria’s crude oil production

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its target is to increase Nigeria’s crude oil production from the current level of...

NUPRC elevates 195 staff

written by Kayode Ekundayo November 2, 2021 74 views 5 mins read NUPRC elevates 195 staff: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has promoted...

OPEC+ ease production cuts return 2mb/d to the market

OPEC and its non-OPEC partners agreed on Tuesday to gradually ease production cuts with return of  2 million barrels a day (mb/d)...

Buhari restores ownership of OML 123, others to NNPC

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the state-run Nigeria National...

Total expects first oil from $500m Ikike field before December- Sangster

The Managing Director, Total E&P, Mr. Mike Sangster, has said the  company had made significant progress with the development of $500 million...

Chevron denies oil spill at Funiwa field in Bayelsa

Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), has denied...

Elumelu’s firm completes acquisition of 30% stake in SPDC’s OML 17

The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML)...
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Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.