NUPRC Announces The Increase of 1.087bn Barrels to Nigeria’s Crude Oil Reserves The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday formally announced a rise in Nigeria’s hydrocarbons’ reserves as of January 1, 2024, with the country’s stock of crude oil jumping by 1.087 billion barrels...

Crude Oil: N720bn Lost to Lower Production in Eight weeks – Report Nigeria lost about N720bn in revenue as a result of the consecutive monthly decline in its crude oil production in February and March 2024. Also, the country’s inability to ramp up production in these...

In Two Months, Oil Earning Increases by by N450bn – FG An analysis of data in the latest reports on Nigeria’s oil production shows that crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024. Although...

In Two Months, Oil Earning Increases by by N450bn – FG An analysis of data in the latest reports on Nigeria’s oil production shows that crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024. Although...

1,068 Approved Oil Projects To Attract $22.8bn Investments – FG   About 1,068 oil and gas projects approved between 2022 and 2023 that are currently ongoing across the country are to attract a total of $22.8bn, the Federal Government announced on Wednesday. It disclosed this during a...

NUPRC Movement: Major Onshore, Offshore Oil Operations are in Niger Delta, Not Lagos   A staff of the Nigerian Upstream Regulatory Commission (NUPRC), has countered the explanations of its CEO that the posting of staff to the Lagos office has no connection with its operations at...