The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an…
“We have always gotten crude supply from NNPC” – Clarifies Dangote
Insists on NUPRC enforcing PIA Domestic Obligations The Management of Dangote Refinery has clarified its stand on crude supply to its Refinery, stating there was never a time they denied receiving crude supply from NNPC Ltd. This clarification arose in…
NUPRC Confirms Nigeria’s Daily Oil Production Still at 1.61mbpd
Nigeria continues to dominate as Africa’s largest crude oil producer despite grappling with oil theft and vandalisation. The country’s proven reserves of 37.50 billion barrels and a production capacity of approximately 2.19 million barrels per day, mbpd. As of July…
PETAN restates commitment to growing Nigeria’s energy sector
…. Says PIA will enhance success of Nigeria’s bidding round The Petroleum Technology Association of Nigeria (PETAN) has affirmed the association is committed to entering into partnerships with various stakeholders in the energy sector for sustainable economic development of…
OTC 2024: Nigerian Government pledges conducive investment environment for investors
… As Minister applauds PETAN for providing platform for Nigerian companies to showcase their businesses to the world The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Commission Chief Executive,…
NEITI: Revenue Generating Agencies Remitted N14.38 Trillion to the Federation Account in Two Years
₦5.42 trillion disbursed to the Federal, State and Local Governments Mineral Revenue contributed N6.40 trillion Non-mineral revenue contributed N4.80 trillion The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal government revenue generating agencies remitted a total of about…