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Mistakes in divestment process come with consequences __NUPRC
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for patience of players in the industry over the pending divestment of commercial interest from international oil companies to mainly indigenous independent petroleum companies; warning that any mishap in…
NUPRC owes the petroleum industry a recovery plan __Avuru
The chairman of AA Holdings, Mr Austin Avuru, is arguably the boldest industry analyst in Africa, who confronts burning issues with fiery verve and also proffers viable, practicable and often tested solutions to toughest industry challenges. He was part of…
NUPRC not leaving Abuja as speculated
By Ibrahim Musa With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas,…
NCDMB proffers deepened collaboration with NUPRC, NIACOM
Sopuruchi Onwuka The Nigerian Content Development and Monitoring Board (NCDMB is seeking robust collaboration among government agencies in realizing the prime economic aspirations in the Nigerian petroleum industry, insurance and other linkage sectors. Executive Secretary, Engr. Felix Omatsola Ogbe, who…
NUPRC introduces advanced cargo declaration to tackle oil theft
As part of efforts to curb incessant oil theft in the country, the Nigerian Upstream Regulatory Commission (NUPRC) has introduced Advanced Cargo Declaration regime in upstream petroleum operations to arrest oil robbery and curtail export of stolen crude oil. The…
NAOC Divestment: Time to dismantle transaction clogs
Sopuruchi Onwuka It has become necessary and even urgent for regulators in the industry to evolve a smooth process for implementation of the relevant sections of the Petroleum Industry Act relating to entry and exit of investors in the upstream…
NUPRC sets up regulatory against revenue loss
As part of the effort to stop oil theft and illegal financial flows in the country, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the commission has come up with a policy framework that will enhance proper monitoring,…
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,…
‘Investment impasse, not theft, accounts for oil output fall’
Output decline to continue until NUPRC rises to duty NNPC must yield local tussle for value driven partnerships His voice commands power in the petroleum industry where he has traversed the full activity routes and provided leadership to different professional…
Investors hit pre-qualification deadline for Nigerian mini-bid round applications
Sopuruchi Onwuka End of month deadline for investors seeking right of play in the country’s petroleum industry comes to an end today as Nigeria puts some seven exploration blocks on aiction. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) had in…
