Upstream

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has expressed its readiness to collaborate with PricewaterhouseCoopers (PwC) in its quest to develop a 21st century Upstream regulator for Nigerian oil and gas industry. …
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From left: Mr. Jide Adeola, Partner, PricewaterhouseCoopers (PwC), Engr. Gbenga Komolafe, Commission Chief Executive (CCE), Nigerian Upstream Petroleum Regulatory Commission ( NUPRC), Mr. Olusola Adewole, Partner PwC and Mr. Tolu…
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By Teddy Nwanunobi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved an agreement reached between international oil companies (IOCs) operating in Nigeria, with the Nigerian National Petroleum Corporation…
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The Italian Ministry of Justice yesterday ordered an inquiry into the conduct of two prosecutors in a corruption case over Eni and Shell’s acquisition of oil prospecting licence (OPL) 245 in Nigeria. The ministry accuses the prosecutors…
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The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) to review the status of the licences issued to indigenous firms for each of the 38 modular refineries, revoke and re-issue them to competent and…
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Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, will refund about 2.1 million barrels of crude oil from the Trans Niger Pipeline in line with a directive of the Department of Petroleum…
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The Minister of State for Petroleum Resources, Timipre Sylva, has revealed plans by the Federal Government to begin oil production in the northeast. Speaking during a recent interview on Channels Television’s Newsnight in Abuja, which…
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….As Sylva Launches NUCOP The Nigerian National Petroleum Corporation (NNPC) has called on stakeholders in the oil and gas industry to join in working towards reducing operations cost to achieve the $10 or less per barrel production…
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Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in crude oil reserves. …
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The Nigerian National Petroleum Corporation (NNPC) and First Exploration and Petroleum Development Company has commenced oil production from Anyala Field located in Oil Mining Leases (OMLs) 83/85. This was disclosed by NNPC via its…
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