Nigeria lost $1 billion in revenue to crude oil theft in Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022, endangering ...
Tag: Nigerian Upstream Petroleum Regulatory Commission
Nigeria raises $477 million in Marginal Oil Field development Licenses – Report
This follows a frustrating two-year process and multiple court cases which earlier restrained the FG from offering licenses to winners ...
FG moves to revive inactive oil wells to meet Nigeria’s OPEC oil quota
The NUPRC has moved to boost the country’s crude oil production with the inauguration of the Project Committee on Reactivation ...
NNPC, stakeholders meet on soonest implementation of PIA
The Minister of State for Petroleum Resources has said that NNPC has kicked off steps for the implementation of the ...
Senate confirms Buhari’s nominees as Executive Commissioners for oil sector regulator
The Senate has confirmed President Muhammadu Buhari’s four nominees as Executive Commissioners of the NUPRC.
Nigeria loses $4 billion annually to oil theft – NUPRC
The Federal Government has disclosed it is finalizing plans to deal with the issue of oil theft, which forces Nigeria ...
PIA: Senate Upstream Committee promises total commitment in executing Act
The Nigerian Senate’s Committee on Petroleum Resources (Upstream) has stated that it is fully committed towards ensuring the policies of ...
Bayelsa provides reasons for rejecting JIV report on Nembe oil spill
The Bayelsa State Government Technical Committee on the November 5 oil spill at Oil Mining Lease (OML) 29 in Nembe ...
