The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has projected that the country’s rig count will reach 50 by the end of 2025.
The Federal High Court has set January 22, 2025, for the Shell Petroleum Development Company of Nigeria Limited and Global Gas and Refining Limited to report on their out-of-court settlement efforts regarding the latter’s allegation that Shell failed to supply wet gas in accordance with the terms of their Gas Processing Agreement (GPA) dated March 15, 2002.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed the blockage of the $1.3 billion sale of Shell’s assets to Renaissance Group due to regulatory issues.
The Chief Executive Officer (CEO) and founder of the mega Dangote Refinery, Aliko Dangote, said that his company will source crude oil from other African oil-producing nations following recent imports from the United States and Brazil.
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil from the Niger Delta region, on the condition that they accept responsibility for oil spills and finance the cleanup efforts.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said on Monday that the country’s oil and gas reserves were at 37.50 billion barrels as of January 1, 2024, up from 37.046 billion barrels in May 2022.
