Page 3 - Marginal Fields News Today

The Nigerian Upstream Petroleum Regulatory Commission ( NUPRC ), came under fire and scrutiny in Senate last Friday over alleged revocation and wrongful

The Nigerian Senate has begun probing the wrongful allocation of the Atala Marginal Oil Field to Halkin Exploration and Production Company Limited.   It was gathered that the allocated oil field is owned by Bayelsa State Government, Hardy Oil Nigeria Limited and Century Exploration and Production Limited.  

PANDEF has warned Northern youths not to provoke a crisis in the Niger Delta region, with what it observed as their unnecessary

PANDEF has criticised a group of Northern youths over their demand for the termination of Tompolo’s pipeline surveillance contract.

The Pan Niger Delta Forum (PANDEF) has warned Northern youths not to provoke a crisis in the Niger Delta region, with alleged unnecessary and misguided

If anything, the extractive industries in Nigeria, have always donned the toga of being some of the least open in the world. Emmanuel Addeh writes that with the ongoing efforts of the Nigeria Extractive Industries Transparency Initiative, which appears to be pushing the frontiers of transparency in the sector, a lot appears to be changing. It would be stating the obvious to say that Nigeria has a poor track record when it comes to operations in the oil and gas as well as the country’s mining ...

Punch Newspapers Sections Published 18 June 2021 Nigeria earned $34.22bn from the oil and gas sector in 2019, the Nigeria Extractive Industries Transparency Initiative said on Thursday. It said this in its 2019 Oil and Gas Industry Audit report released in Abuja, adding that the $34.22bn revenue represented an increase of 4.88 per cent over the $32.63bn garnered from the sector in 2018. A breakdown of the earnings showed that payments by companies accounted for $18.90bn, while flows from federa...

Developing High-Quality, Low-Cost Oil & Gas Assets in Nigeria

Peter Uzoho Some marginal fields’ operators have kicked against the revocation of 11 oil field licences by the Department of Petroleum Resources (DPR) under the guise that the affected fields had been left fallow, stressing that the action of the regulator has jeopardised investments valued in excess of $450 million and exposed them to local litigations and international arbitrations. They appealed to President Muhammadu Buhari to direct the DPR to withdraw all letters of revocation and gr...

To print this article, all you need is to be registered or login on Mondaq.com. 2020 has been unprecedented in the scale and magnitude of economic turbulence both globally and locally. While the start of the year brought high expectations for the oil and gas sector in Nigeria, the COVID-19 pandemic has had a domino effect on the developments in this sector and has created a need to scale down initial projections. This was clearly demonstrated in the recently released 202...