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April 30, 2024
The federal government said it has commenced the process for the 2024 oil bid round with 12 oil blocks on offer and seven deep offshore blocks from last
March 28, 2024
The NSTA said the plan places electrification and low carbon power at the heart of emissions reduction.
March 27, 2024
The UK government could block new oil and gas projects in the North Sea if operators fail to cut emissions.
February 17, 2024
PLI For Petroleum: The report didnt have more details on the idea of production-linked incentives in oilfields. Current government policies provide incentives to companies deploying enhanced recovery techniques in maturing fields. A gas pricing policy introduced last year permits a 20% premium over the government-set price for the additional volume ONGC and Oil India may produce from their legacy fields.
February 16, 2024
The report didnt have more details on the idea of production-linked incentives in oilfields. Current government policies provide incentives to companies deploying enhanced recovery techniques in maturing fields. A gas pricing policy introduced last year permits a 20% premium over the government-set price for the additional volume ONGC and Oil India may produce from their legacy fields.
January 3, 2024
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will, this year, prioritise the implementation of the Petroleum Industry Act (PIA) and ensure an increase in crude oil production.
October 14, 2023
Although Nigeria’s oil production remains dismal at 1.3 million barrels per day amidst theft and vandalism, Nigerian Upstream Regulatory Commission (NUPRC), yesterday, said the production would hit two million barrels by the end of this year.
October 11, 2023
Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering seven regulations that would aid the implementation of some fragments of the Petroleum Industry Act, especially contracts, commercials, revocation of oil and gas licenses.
October 10, 2023
In the bid to improve operational and regulatory efficiency in the nation’s upstream oil and gas industry, the Nigerian Upstream Petroleum Regulatory
October 10, 2023
Gbenga Komolafe, the Commission’s Chief Executive, said this at the 4th Phase of its Consultation Forum with Stakeholders.