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Local refining capacity set to drive Nigeria’s crude oil output
Exports hit 24.42 Mbbls in August Sopuruchi Onwuka Nigeria’s crude oil and Natural gas production is expected to follow demand lead from growing number of small scalable refineries in the country, while new propositions for multiple modular refining projects forecast…
TotalEnergies’ $510m OML118 divestment scales regulators approval
Shell, Eni to pay $35.7m to FG Sopuruchi Onwuka Government has approved the deal by TotalEnergies to sell off its 12.5 interest in the deepwater Oil Mining Lease (OML) 118 to Shell Nigerian Exploration and Production Company (SNEPCO) Limited and…
NUPRC nullifies TotalEnergies/Chappal divestment deal, stakes still open to new deal
Faults report on N8.4trn oil theft Sopuruchi Onwuka Federal government has declared that the divestment of the 10 percent stake belonging to TotalEnergies in the joint venture operated by Renaissance Africa Energy Company (RAEC) Limited would no longer progress following…
Nigeria exports 24.42 Mbbls petroleum liquids in August
Unplanned maintenance eats off 80kbd from monthly average Sopuruchi Onwuka The Nigerian upstream petroleum industry pushed significant 24.42 million barrels of hydrocarbon liquids into the domestic and foreign markets in the month of August, 2025. The Crude Oil and Condensate…
Nigeria assumes chairmanship of Africa’s Regulators Forum
Sopuruchi Onwuka Nigeria on Thursday in Accra, Ghana, assumed leadership of the new African Petroleum Regulators Forum (AFRIPERF) immediately after it was established by a charter of member countries. The charter was signed at the Regulators Forum hosted in the…
Industry Reform: NUPRC approves $18bn FDPs in2025
*Tinubu’s executive orders transforming oil sector- Komolafe Sopuruchi Onwuka The Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, says federal government has started recording dividends of the transformative reforms in the upstream petroleum industry. Engr….
Komolafe assures energy players of clear, rewarding fiscal climate
Sopuruchi Onwuka Nigeria’s upstream petroleum regulator has urged international exploration and production companies to seize the opportunities presented in prevailing regulatory environment to invest in Nigeria’s oil and gas industry. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),…
More divestment opportunities underway as NUPRC audits dormant assets
*Chevron, TotalEnergies have options to divest Sopuruchi Onwuka Investors and players shopping entry opportunities in the upstream petroleum industry may prepare to take the inorganic route as ongoing reviews by the nation’s acreage administrator may push international oil companies to…
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…
