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Petroleum regulators sacked over corruption allegations
By Sopuruchi Onwuka President Bola Ahmed Tinubu has removed the heads of Nigeria’s two key petroleum regulators, ordering the immediate exit of Engr Ahmed Farouk, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Engr Gbenga…
NUPRC’s Komolafe bags doctorate, leadership awards
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has bagged a professional doctorate in leadership (Energy Law) from the International Business School of Scandinavia. According to a statement from the media unit of…
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…
Operating capacity is now condition for divestment closure ___NUPRC
Sopuruchi Onwuka Parties in the bulk portfolio divestments in the Nigerian upstream petroleum industry must demonstrate capacity to add value to the operated assets as the key condition for the transaction to secure regulatory approval. According to the Commission Chief…
Approve divestment deals and leave production recovery to us __Roger Brown
Sopuruchi Onwuka Independent petroleum companies in the country seeking to replace international oil companies onshore Niger Delta have the capacity to drive the country’s rapid production recovery if pending divestment deals are approved by government. Seplat Energy PLC declared at…
FG extends deadline for deepwater licensing round
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared extension of bid submissions for the ongoing mini bid round for award of exploration rights in the nation’s deep offshore sedimentary basins. Commission Chief Executive (CCE), Engr Gbenga Komolafe,…
ExxonMobil-Seplat Deal: When regulator overrides the minister
Sopuruchi Onwuka The sturdy grip of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on the moves by the American multinational petroleum giant, ExxonMobil, to divest its Nigerian affiliate to indigenous independent energy firm, Seplat Energy Plc, has thrown up the…
