By Emmanuella Anokam The Federal Government says it is targeting to increase crude oil production to two million Barrels Per Day (bdp) and beyond by the end of the year. Mr Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), made this known in a meeting with the Abuja EnergyContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has constituted a committee to address issues bordering on inactive crude oil blocks in order to reverse the trend. Dr Kelechi Ofoegbu, Executive Commissioner, Economic Regulation and Strategic Planning, NUPRC, made this known at its Consultation Forum on Friday inContinue Reading
By Emmanuella Anokam The Federal Government has directed the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Natural Gas Pipeline Project to ensure completion and deliver the project on time. Mr Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), gave the charge on Thursday while inspecting the AKK project sites in PAIContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in compliance with provisions of Section 71 (1) – (10) of the Petroleum Industry Act (PIA) 2021 has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD). The PEL is the first under the PIA 2021 andContinue Reading
By Emmanuella Anokam Oilserv Limited, Pipelines and Facilities (EPCIC), the contractor handling the $2.5 billion Ajaokuta-Kaduna-Kano (AKK) Natural Gas Pipeline Project says it will surmount every challenge to ensure it delivers the project in July 2024. Chairman of the company, Mr Emeka Okwuosa, gave the assurance on Thursday during anContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun consultation with stakeholders prior to finalising seven more petroleum draft regulations, in compliance with the Petroleum Industry Act (PIA 2021). Mr Gbenga Komolafe, the Commission’s Chief Executive, said this at the 4th Phase of its Consultation Forum withContinue Reading
By Joan Nwagwu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called for a salary benchmark for oil and gas workers in the country. Mr Festus Osifo, National President of the union, made the call at the Second Edition of the PENGASSAN Energy and Labour SubmitContinue Reading
By Emmanuella Anokam The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has held a meeting with oil marketers to resolve the challenges faced with importation and distribution of petroleum products in the country. The meeting was hosted by NMDPRA’s Chief Executive, Mr Farouk Ahmed, on Monday in Abuja. ItContinue Reading
By Ismail Abdulaziz The Federal Government is no longer paying subsidy on Petroleum Motor Spirit (PMS), popularly known as petrol, the News Agency of Nigeria (NAN) reports. The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari, disclosed this to State House Correspondents on Monday inContinue Reading
By Emmanuella Anokam The Nigerian National Petroleum Company Limited (NNPC Ltd) has clarified that the contracts for pipeline rehabilitation were awarded based on evaluation criteria and in accordance with industry standards. The management of the NNPC Limited made this known in a statement on Sunday while reacting to reports inContinue Reading
