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NUPRC announces deadline for 2024 licensing round registration, pre-qualification
May 20, 2024ConcessionNewsOil & GasUpstream

NUPRC announces deadline for 2024 licensing round registration, pre-qualification

  …announces resumption of 2022/2023 mini bid round for pre-qualified applicants   Oredola Adeola   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that the registration and pre-qualification submission process for 2024 licensing round, which commenced on May 13, 2024,…

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FG asserts control over solid minerals, urges States to seek approval on mining policies
May 17, 2024Extractive IndustryMining & Solid MineralNewsUpstream

FG asserts control over solid minerals, urges States to seek approval on mining policies

…Alake seeks states involvement in Mineral Resources and Environmental Management Committee   Oredola Adeola   The Federal Government has cautioned the state governments that solid minerals are under the exclusive legislative list, advising them to obtain approval from the Ministry…

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PETAN foresees success of 2024 oil bid round with PIA simplifying investment process
May 16, 2024FinanceNewsOil & GasUpstream

PETAN foresees success of 2024 oil bid round with PIA simplifying investment process

  … Engr. Ogunsanya touts reasonable signature bonus as irresistible lure for investors …  Dr. Amao sets to lead NUPRC upcoming roadshow in London   Oredola Adeola   The Petroleum Technology Association of Nigeria (PETAN) has emphasized that the Petroleum Industry Act…

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Ogoni leaders urge President Tinubu to reopen OML 11, cite potential $5bn annual GDP boost from increased oil, gas production
May 16, 2024EnvironmentImpactNewsOil & GasUpstream

Ogoni leaders urge President Tinubu to reopen OML 11, cite potential $5bn annual GDP boost from increased oil, gas production

… Tinubu vows to diligently pursue Ogoni cleanup program inherited … says, “We must heal the wounds of the past, live and prepare for our children’s future”   Oredola Adeola Ogoni traditional rulers and leaders have urged President Bola Tinubu…

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CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports
May 14, 2024ConcessionDocumentaryMaritimeMidstreamNewsOil & GasUpstream

CBN appoints 9 Pre-Shipment Inspection, 2 Monitoring Agents for oil, gas exports

Oredola Adeola   The Central Bank of Nigeria (CBN) has confirmed the Federal Government’s appointment of Nine (9) Pre-Shipment Inspection Agents (PIAs) effective from May 13, 2024, as part of the move to streamline and monitor oil and gas exports.…

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President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs
May 14, 2024DownstreamGasLocal ContentMidstreamNewsOil & GasUpstream

President Tinubu mandates procurement of CNG-Powered vehicles by  MDAs

… “We must lead the way to prosperity by example”- Tinubu to public officials   Oredola Adeola President Bola Tinubu has directed the mandatory procurement of Compressed Natural Gas (CNG)-powered vehicles by all Government Ministries, Departments, and Agencies (MDAs) as parts…

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NNPC E&P Ltd, NOSL revive oil production in Akwa Ibom’s OML 13 after 29-year hiatus
May 13, 2024NewsOil & GasUpstream

NNPC E&P Ltd, NOSL revive oil production in Akwa Ibom’s OML 13 after 29-year hiatus

…hit first oil, extract 6,000 bpd, target 40,000 bpd output by May 24 Oredola Adeola Production activities have recommenced on the Oil Mining Lease (OML) 13, in the Eastern Obolo Local Government Area, Akwa Ibom State, Nigeria, after a long dormancy…

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NNPC/First E&P JV donates N53.4m to Nigerian NGOs for healthcare, education, others
May 11, 2024DocumentaryImpactNewsOil & GasUpstream

NNPC/First E&P JV donates N53.4m to Nigerian NGOs for healthcare, education, others

Oredola Adeola   The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint Venture (JV) have donated N53 million to non-governmental organizations (NGOs).   Advisors Reports confirmed that the fund is specifically designated…

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NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector
May 9, 2024GasLocal ContentMidstreamNewsOil & GasUpstream

NUPRC, Senate Committee strengthen ties with Chevron to boost investment in Nigeria oil, gas sector

… Chevron cites favorable gas pricing as key to boosting polypropylene production in Nigeria Oredola Adeola The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Senate Committee on Upstream visited Chevron’s Control Facilities to foster collaboration and strengthen ties within…

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NNPC Ltd. reiterates commitment to building massive oil, gas infrastructure to make sector thrive
May 9, 2024DownstreamFinanceMidstreamOil & GasUpstream

NNPC Ltd. reiterates commitment to building massive oil, gas infrastructure to make sector thrive

Oredola Adeola   The Nigerian National Petroleum Company Ltd (NNPC Ltd.) has assured operators and prospective investors of its commitment to continue investing in the development of huge oil and gas infrastructure to facilitate their business operations in Nigeria.  …

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