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NUPRC converts PPL 202 to OML 66 as Ingentia consortium preps devpt projects
Rig underway for drilling campaign Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has converted Petroleum Prospecting Licence (PPL) 202 to Petroleum Mining Lease (PML) 66, signaling approval for the operators of the oil block to proceed with field…
HSE breaches: NUPRC grounds Oritsemeyin Rig
Sopuruchi Onwuka Petroleum industry regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked the license of indigenous drilling rig, Oritsemeyin, saying the equipment is unfit to safely continue operating in the country. The regulator also stated that the license of…
Dangote Refinery deploys gas fired trucks, breaks into retail market
* Dismisses NUPENG’s allegations as unfounded Sopuruchi Onwuka The Dangote Petroleum Refinery says it is set to deploy the hyped compressed natural gas (CNG)-powered trucks, saying that the measure was part of its logistics-free distribution programme aimed at significantly reducing…
Divestment: NUPRC tidies up $400m abandonment obligations
Clears 94 decommissioning plans Sopuruchi Onwuka Regulator of the Nigerian upstream petroleum industry has declared that it has worked the details of oilfield decommissioning and abandonment obligations among old players that divested their stakes and new players that acquired the…
NUPRC reports drastic cut in production losses, indicts oil firms
Millions of barrels still unaccounted for Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator has opened the window into the struggle to recover the country’s petroleum liquids output from thieving vandals and dubious players, indicating unfortunately that while significant progress has…
IEA cancels Peak Oil forecast, extends petroleum dominance by 25 years
Sopuruchi Onwuka Earlier predictions by the International Energy Agency (IEA) and similar analysts that oil and gas demand was crumbling under the weight of global campaign for energy transition and climate action are now facing a review to adjust them…
OPEC+ stokes oversupply fears with 137,000 new barrels
Sopuruchi Onwuka Members of the Organization of Petroleum Exporting Countries and nonmember allies (OPEC+)are billed to pump in significant 137,000 barrels per day of new supply into the increasingly bearish oil market, heightening concerns that possible supply surge would dilute…
Renaissance, Navy strike collaboration to safeguard oil assets
Sopuruchi Onwuka Renaissance Africa Energy Company (RAEC) Limited says it is in partnership with the Nigerian Navy to strengthen maritime security and support improved crude oil and gas production across the company’s operational assets in the Niger Delta. The two…
Clean cooking: Smart Energies shops gas subsidy partners
Sopuruchi Onwuka Indigenous gas company driving penetration of clean cooking fuel in the country, Smart Energies, is calling for enhanced collaboration with advocates, agencies and corporate institutions in making liquefied petroleum gas (LPG) affordable to poor homes in the country….
Kachikwu canvasses $1bn pan-industry NCI Fund
Recommends timeline for field development projects Sopuruchi Onwuka Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has canvassed that the $450 million Nigerian Content Intervention Fund (NCI Fund) be increased to $1.0 billion, to cover the funding…
