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NNPC, NUPRC take different routes to oil loss mitigation
Sopuruchi Onwuka The controversy surrounding industrial scale stealing of crude oil from the operations of players in the upstream petroleum industry in Nigeria is receiving separate responses from the industry regulator and national oil company that manage government’s commercial interest…
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…
Marginal fields: 161 firms get licenses for 57 fields
Federal government has finally delivered the long awaited Petroleum Prospecting Licenses (PPLs) to some 161 indigenous companies that qualified from the 2020 marginal bid round. The awards which were distributed by Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday at…
Forced marriages: FG brokers partnerships among 57 oil field licensees
Sopuruchi Onwuka Federal government has declared successful resolution fears raised by the awardees of marginal oilfield licenses in working out partnership arrangements that would lead to formation of organizational structures for operating the assets. Chief Executive of the Nigerian Upstream…
