Turnaround By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround. It said Crude oil losses from theft and metering issues had fallen to their lowest levels in nearly 16 years. According to the Commission, daily losses in JulyContinue Reading
Investment By Joan Nwagwu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has cautioned that ongoing policy instability is discouraging investment in Nigeria’s oil and gas sector. Mr Festus Osifo, President of PENGASSAN, raised the concern on Wednesday at the opening of the 4th Petroleum and EnergyContinue Reading
By Ahmed Kaigama Mr Ahmed Galadima, the Executive Secretary, Petroleum Technology Development Fund (PTDF), says the fund has initiated scholarships programmes to improve capacity in the Nigerian oil and gas sector. He said this in Bauchi while supervising the screening/selection exercise of 400 candidates in the North-East zone for theContinue Reading
By Joan Nwagwu The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to enforce a transparent pump pricing template. President of the union, Mr Festus Osifo, made the call at a World News Conference in Abuja onContinue Reading
By Rita Iliya Minna, June 1, 2025(NAN) Gov. Umar Bago of Niger has called for partnership with the Dangote Group in the exploration and development of the discovered oil blocks in Niger State’s Bida Basin. Bago said that the group would significantly contribute to the exploration project with itsContinue Reading
by Emmanuella Anokam Mr Haitham Al-Ghais, Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), has tasked Africa to unlock its proven oil reserves of over 120 billion barrels. Al-Ghais stated this in a keynote address titled: “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier,” at the ongoing Nigeria International Energy SummitContinue Reading
By Emmanuella Anokam The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have reaffirmed commitments to monitor production adjustment aimed at maintaining stability in the global oil market. The OPEC made this known in the resolution of its 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) which wasContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels crude oil production at 75 dollars per barrel. Nigeria’s current production is averaging 1.7 million barrels leaving a deficit of about 350,000 barrels to be bridged. Mr Gbenga Komolafe, CommissionContinue Reading
By Lucy Ogalue Mr Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for unwavering commitment to eradicate corruption, particularly in Nigeria’s vital oil and gas sector. Komolafe made the call at a workshop organised by the commission to mark the InternationalContinue Reading
The Nigerian Navy confiscated more than 8.1 million barrels of stolen crude oil and 86,500 MT of illegally refined AGO in four years.Continue Reading
