Nigeria Accounts for 33% of Africa’s gas Reserves, Says FG
The Federal Government says Nigeria currently accounts for 33 per cent of the total gas reserves in Africa.
While disclosing this through the Nigerian Upstream Petroleum Regulatory Commission on Monday, it added that the gas reserves...
NUPRC Vows Support For Indigenous Oil, Gas Coys With Right Policies
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reinstated its support indigenous oil and companies with the right policies and regulations to grow.
NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, stated this when he...
First Oil From 2020 Marginal Field Bid Underway - NUPRC
Some of 2020 marginal field bid round investors are on the stage of striking their first oil.
It would be recalled that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) concluded the bid mid-last year.
Chief Executive Officer,...
Fed Govt Reopens Shut Oil Wells, Projects N29trn Annual Revenue
The Federal Government is reviving shut-in crude oil wells in a bid to produce about 2.1 million barrels of oil daily, with an estimated worth of N2.4tn monthly, from various drilling facilities in the Niger...
Nigeria Loses $2bn To Oil Theft In Eight Months
The ad-hoc committee set up by the Senate to investigate oil theft and consequent damage on the nation’s economy said on Tuesday that Nigeria lost $2 billion, equivalent to N1.3trillion, to oil theft between January and...
Nigeria Loses N891bn To Gas Flaring In 18 Months
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency (NOSDRA) released on Sunday.
The data revealed that...
