Oil & Gas

MEDIATRACNET Nigeria is leading six other African countries in the 13-members Organisation of Petroleum Exporting Countries (OPEC) currently producing about 80 percent of the global proven crude oil reserves, Minister of State for Petroleum Resources, Timipre Sylva, has said. Despite this, the Minister said Nigeria, along with its counterparts in…

By Bassey Udo To promote the national objectives under the Nigerian Gas Flare Commercialisation Programme (NGFCP), 139 successful applicants pre-qualified to invest in the country’s gas sector will participate in the second Bidders’ Conference/Investors Forum scheduled for Abuja, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said. As part of…

By Bassey Udo The Nigerian National Petroleum Company Limited was on Wednesday granted its request to undertake the rehabilitation of another 44 roads across the country. The approval was granted by the Executive Council of the Federation during weekly meeting in Abuja presided over by Vice President Yemi Osinbajo. The…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has again assured prospective bidders and stakeholders in the country’s oil and gas industry of a credible, fair and transparent 2022/2023 oil licensing round bid process. The Commission Chief Executive, Gbenga KOMOLAFE, gave the assurance in Lagos on Monday at the opening of…

By Bassey Udo Nigeria and Spain on Thursday expressed commitment to deepen their existing bilateral partnership to ensure the country’s abundant gas reserves were exploited and supplied to Europe, Minister of State for Petroleum Resources, Timipreye Sylva has said. The Minister spoke when the Minister of Foreign Affairs of Spain,…

Ahead of the pre-qualification applications submission exercise scheduled for January 31, 2023, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday announced a bidders’ conference scheduled for Lagos on Monday, January January 16, 2023. The Commission Chief Executive (CCE), Gbenga Komolafe, who announced the schedule for the conference said it…

MEDIATRACNET As part of its Corporate Social Responsibility (CSR) initiatives, the upstream petroleum industry regulatory, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) distributed relief materials to flood victims in Eket Local Government Area of Akwa Ibom State. The Head, NUPRC Eket Office, Etukudoh Williams, who distributed the relief materials on…

By Bassey Udo The demand by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for prospective bidders in the forthcoming 2023 Oil and gas licensing bid round to identify the real owners of all leases and license holders in Nigeria is a step in the right direction, the Human and Environmental…

MEDIATRACNET Security agencies must eradicate the menace of crude oil theft and pipeline vandalism in the Niger Delta region before May 29, 2023, President Muhammadu Buhari has said. The President gave the order through the Minister of State Petroleum Resources, Timipre Sylva, while addressing troops of the Joint Task Force,…

MEDIATRACNET The General Counsel and Company Secretary, Nigeria LNG Limited, Aka Nwokedi, has been elected to lead the Nigerian Gas Association (NGA) as President in the 2023-2024 Executive Council. Nwokedi, a former Managing Director of the NLNG Ship Management Limited (NSML), would lead the Executive Council to pilot and steer…