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The Senate Committee on Ethics, Privileges And Public Petitions, on Thursday, mandated the Nigerian Upstream Petroleum Regulatory Commission (NUPR), to

Senate has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to show proof of Presidential directive for revocation and reallocation of the Atala Marginal Oil field (OML 46), owned by Bayelsa State government, to Halkin Exploration and Production Company Limited (Halkin E&P).

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

The federal government has approved the handing over of the Atala oilfield, a revoked asset hitherto owned by the Bayelsa state government, to new owners, Halkin Exploration and Production Limited. A letter to that effect sighted by THISDAY indicated that the field, Oil Mining Lease (OML) 46, was approved for transfer after the Director, DPR, Mr. Sarki Auwalu, copied a memo to the Minister of Petroleum, Mr Timipre Sylva, notifying him of the directive which had been given a nod by President Muhammadu Buhari. Tagged, “Application to Assign the Atala Marginal Field (OML 46) to Halkin” with ...

Nseobong Okon-Ekong examines the seeming uncertainty surrounding the revocation, restoration of Addax/Sinopec OML License, and the report of the Committee set up by President Muhammadu Buhari on the issue President Muhammadu Buhari had in March approved a decision to revoke the Oil Mining Licences of Addax Petroleum being managed by Sinopec and domicile same with the Nigerian National Petroleum Corporation (NNPC) for allocation to new operators. The industry regulator, the Department of Petroleum Resources (DPR) announced the revocation of the Production Sharing Contract (PSC) of four Oil Min...