Upstream

Nigeria’s oil output could improve as Shell Petroleum Development Company (SPDC) says it has resumed loading on Nigeria’s Forcados crude oil after a months-long outage over a pipeline leak at the export terminal. Exports from…
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By Moses Patience Chat The Management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the entitlement of all protesting staff has been settled and that it does not owe staff salaries. The…
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Adaobi Rhema Oguejiofor Earoton Exploration and Production Company, a major player in the Nigerian upstream oil segment, has said that it remains the operator of Oil Mining Licence (OML) 18 Alakiri Gas Plant and Field Logistics base…
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Nigeria’s crude oil output dropped by 12.5 per cent to 1.4million barrels per day (mb/d), including condensate, in the first half (January – June) of 2022, from 1.6mb/d in the corresponding period of 2021, according to the latest…
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In 2020, the Nigerian government conducted a bid round for 57 marginal oil fields of which 161 companies were shortlistedThe 161 winners are expected to extract oil from the onshore, swamps, and shallow waterThe last time such a…
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The Central Bank of Nigeria report has revealed that total bank borrowing of oil firms in the downstream and upstream sectors of Nigeria’s oil and gas industry increased by $490 billion from N5.19 trillion in January 2021 to N5.68…
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Gbenga Komolafe, Chief Executive Officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it is targeting June for marginal field awardees to begin the field development plan (FDP). The plan includes all…
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By YANGE IKYAA There has been no net change to the number of active drilling rigs in the United States this week, as the total rig count stays at 569, a figure which is 246 up from this time last year. However, active rigs are…
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By YANGE IKYAA A South African court has ruled that Royal Dutch Shell Plc can proceed with a seismic survey offshore the East Coast, after dismissing a legal application by activist groups. The defeat for the activists in South…
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced aggressive steps it is currently taking as well as plans to help the country achieve 40 billion barrels oil reserve and three million barrels per day (bpd)…
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