Tag: Gbenga Komolafe
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FG approves amendment of deep offshore oil block mini bid round schedule
In a bid to boost confidence in the transparency and continuity of the 2022/2023 Deep Offshore Oil block Mini-bid Round process, President Muhammadu Buhari has approved the amendment of the bid round calendar to accommodate the concerns expressed by both local and international investors over the closeness of the schedule to the terminal date of…
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Petroleum Ministry, NUPRC differ on crude oil loss in Nigeria
The Minister of State for Petroleum Resources, Chief Timipre Sylva has attributed the loss of revenue from crude production to theft, pipeline vandalism and decayed infrastructure.
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40% of crude loses due to measurement inaccuracies – NUPRC
Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported.
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Petroleum upstream commission moves to enhance national crude oil production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed determination to take bold and revolutionary steps, using a non-kinetic approach, to address the challenges of crude oil theft, improve national crude oil production and save the country’s economy from further degeneration.
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FG says Enugu varsity fire triggered by untapped gas reservoir
The Nigerian Petroleum Upstream Petroleum Regulatory Commission (NUPRC) has confirmed a fire incident triggered by a suspected associated gas reservoir within the vicinity of Caritas University in Enugu.
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FG earns N174 billion from 2020 marginal field bid round
FG earns N174 billion from 2020 marginal field bid round