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OTL 2025: PIA, regulations must expand to cover new realities
Sopuruchi Onwuka Evolving market trends and fierce competition associated with the deregulation of the downstream petroleum industry are beginning to expose gaps in the regulations that govern the terms of play in the industry. With the multiplicity of local refining…
NCDMB, development banks update players on NCDF finance cycle
The Nigerian Content Development and Monitoring Board (NCDMB) is engaging players in the Nigerian petroleum sector with clear explanations on enhanced innovations in the management of the Nigerian Content Development Fund (NCDF) designated for facilitating project delivery in the local…
Players demand priority for gas investment bankability
Sopuruchi Onwuka Commercial investors and industry captains in the nation’s petroleum industry have demanded government to strengthen policy pillars that guarantee profitability of investments in realizing the country’s key objective of developing the domestic gas market. Delegated and panel debaters…
NUPRC woos investors ahead of licensing round
Players stake $18.2 bn to produce 600kbd Sopuruchi Onwuka Nigerian is pushing determined programmes to aggressively rebuild oil and gas production capacity from an industry that suffered acute investment drought and consequent plunge in production volumes in the past decade….
Divestments: Can independents secure Nigeria’s energy future with brown asset?
NAPE calls for seismic data update on Niger Delta Sopuruchi Onwuka Transfer of most onshore petroleum industry operations from the international oil companies to mainly indigenous independent companies puts the fate of the country’s economy in the efficient hands of…
Nigeria pumps 47.43 mbd of oil in September
Output impacted by PENGASSAN-Dangote spar Sopuruchi Onwuka Production of petroleum liquids from Nigeria’s oilfields totalled significant 47.43 million barrels in the month of September, indicating a slight drop from the August volumes. Official production data released by the Nigerian Upstream…
Weak market demand impedes gas penetration initiatives
Sopuruchi Onwuka Upstream producers and downstream distribution players in the domestic gas market are stuck with stagnant growth in the demand end of the chain, causing government’s initiatives on gas penetration to hit a commercial glitch. And without robust infrastructural…
NUPRC restates commitment to stable operating environment
As Eni posts 20% output growth at Abo Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator and administrator of oil licenses, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to providing stable operating environment for commercial players in…
We need stable policies that derisk energy transition’ _Dr Uche Ogah
Sopuruchi Onwuka President of Masters Energy Group and former Minister of State for Mines and Steel Development, Dr. Uchechukwu Ogah, has asserted that Nigeria’s energy future is contingent upon effectively balancing significant reforms with practical national realities, urging stakeholders to…
Tamrose grows fleet by 200%, repays $10m NCIF Loan
Sopuruchi Onwuka Indigenous logistics and oilfield services company, Tamrose Limited, has declared that the $10 million low interest loan obtained from the Nigerian Content Development and Monitoring Bard (NCDMB) has propelled rapid growth in its fleet size from just four…
