Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed Petroleum Mining Lease 52 (PML 52), containing the Agbami field, for a period of 20 years effective from November 24, 2024. The disclosure was made by Africa Oil as following its recent press release. The Nigerian Upstream Petroleum Regulatory Commission has also given clearance for the amalgamation […]

The Nigerian Content Development and Monitoring Board (NCDMB) has retained its top ranking in business efficiency and transparency among ministries, departments, and agencies (MDAs), as captured in the latest evaluative assessment by the Presidential Enabling Business Environment Council (PEBEC). In the ‘2024 Half Year Transparency and Efficiency Compliance Report (January 2024-June 2024),’ released on Tuesday […]

The Federal Government of Nigeria through the Minister of State for Petroleum Gas has reiterated its commitment towards deepening the natural gas infrastructural development and utilization in the country. The current stride to achieve this aspirational economic goal is coming from the plan to establish 650MW gas Powered Plant in the Ibom Solutions Gas Hub, […]

…Celebrates Three Years Of Transformation And Innovation Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially unveiled the Commission’s initiative project to increase Nigerian crude oil production by an additional one million barrels per day (1mbpd) within a short-term period. The project launching event, recently held in Abuja, Nigeria, was attended by the crème de la […]

The Nigerian Content Development and Monitoring Board (NCDMB) and the Universal Basic Education Commission (UBEC) on Thursday signed a Memorandum of Understanding (MOU) to implement the NCDMB-UBEC Smart Schools Development Initiative (NUSSDI). The MoU will enable the provision of educational infrastructure, particularly in areas with high rates of out-of-school children as well as underserved rural […]

In a bid to scale up investment in the Nigerian upstream sector, French Exploration and Production giant TotalEnergies EP has reiterated the company’s commitment to boost the nation’s crude oil production output through fresh investment in the Bonga North Offshore project and others.   The company’s President EP TotalEnergies made this latest investment disclosure, Mr. […]

Following the directive of the Federal Executive Council (FEC) and the implementation of the new Naira-based sales mechanism, the Implementation Committee on the Sales of Crude Oil and Refined Products in Naira, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun. held its second review meeting on Wednesday […]

Nigeria has signed a landmark Gas Sales and Purchase Agreement (GSPA) for the Brass Fertilizer and Petrochemical Project with its multi-national oil companies in a brief ceremony in Bayelsa. This milestone achievement is done after nearly a decade of what appeared to be a herculean hurdle to cross. The Minister of State for Petroleum (Gas), […]

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, to transit from a net importer to a net exporter of petroleum products. Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held […]

…To Unlock 40,000BPD Crude Oil Production In the bid to increase Nigeria’s crude oil production, Century FPSO Front Puffin is now undergoing upgrade and refurbishment in SHI-MCI yard Lagos, Nigeria. At completion, FPSO Front Puffin will be deployed to NNPC/Dantoge Industries jointly owned Kalaekule field The Honourable Minister of State for Petroleum Resources (Oil), Senator […]