By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is reviewing novel regulations aimed at ensuring regulatory clarity and compliance by licensees and permit holders, to maintain ethical standards in the upstream petroleum operations. The NUPRC said the regulations when reviewed would ensure strict commitment and provide clarity onContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. The announcement of the Nembe crude blend produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML)Continue Reading
By Emmanuella Anokam The Petroleum Tanker Drivers (PTD) union has urged its members across the country to go about their normal duties in actualising the Renewed Hope Agenda of the President Bola Tinubu as it concerns the oil sector. President of the union, Mr Lucky Osesua, gave the charge inContinue Reading
By Deborah Coker Vice Chairman, Senate Committee on Environment, Sen. Ned Nwoko (PDP-Delta), says the destruction of vessels apprehended for carrying illegal goods/stolen crude oil by the military is to conceal/destroy evidence. Nwoko said this while speaking with the News Agency of Nigeria (NAN) in Abuja. He stressed that destroyingContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it is collaborating with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other stakeholders to reconcile alleged indebtedness by the company and Federation Accounts Allocation Committee (FAAC). NNPC Ltd says they are working in the Reconciliation Committee setContinue Reading
By Emmanuella Anokam An Academic, Dr Yetunde Aladeitan has urged a comprehensive energy strategy that combines Compressed Natural Gas (CNG), improved refinery operations, and investment in renewable energy sources to address Nigeria’s energy challenges. Aladeitan urged the Federal Government to consider the long-term sustainability and affordability of these energy solutionsContinue Reading
By Emmanuella Anokam The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed readiness to collaborate with international community towards advancing oil, gas and mining sectors. The Executive Secretary of the Agency, Dr Orji Ogbonnaya Orji, stated this at a meeting in Abuja with prominent diplomatic missions in Nigeria. This isContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is committed to effective implementation of the Petroleum Industry Act (PIA 2021) for the sector to contribute more to national economy. The commission says it will ensure that relevant sections of the PIA that affect its operations areContinue Reading
By Emmanuella Anokam The President of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop, organised by the Independent Petroleum Producers GroupContinue Reading
By Emmanuella Anokam The Independent Petroleum Producers Group (IPPG) has underscored the need to focus on amending critical aspects of the Petroleum Industry Act (PIA 2021) and ensuring security across the Niger Delta, to stem oil theft. It also called for immediate ramping up of oil and gas production, focusingContinue Reading
