Crude Theft Dips Oil Production To 0.94mbp In September   Crude oil production in Nigeria slumped to about 0.94 million barrels per day in September 2022, the Federal Government said on Monday. Figures released by the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government,...

Fed Govt To Auction Gas Flare Sites Via Bids   The Federal Government on Sunday announced that it was carrying out a study to identify suitable gas flare sites for auction and that it would issue flare sites to technically competent companies through a competitive bid...

FG Makes Over N2tn From Marginal Oil Fields' Sale  Federal Government may have raked at least N2tn from the 2020/2021 marginal oil field bid round. Findings by The Punch revealed that marginal fields include fields with reported reserves and production potential, which are however deemed marginal...

Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...

Fed Govt Set To Close 2020 Marginal Oilfield Bid Round   The Nigerian Upstream Petroleum Regulatory Commission on Tuesday said it was set to close out the 2020 marginal field bid round programme. It said the NUPRC had put in place all necessary machinery to progress the...

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses   The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose their owners under...