Browsing Tag
Petroleum Industry Act
11 posts
Delta State Residents Rally Against Oando Energy Over Unpaid OPEX Funds
Host communities in Delta State have staged protests against Oando Energy Resources Limited, alleging the company failed to distribute three years of mandatory OPEX development funds.
NNPCL Defends Ojulari and Eyesan Amid Allegations of Cronyism in Oil Block Awards
NNPCL has refuted allegations of cronyism regarding oil block allocations, defending its leadership while clarifying that it lacks the authority to award such contracts under the Petroleum Industry Act.
Nigeria Initiates New Regulations to Curb Unfair Competition in Petroleum Market
The Nigerian government is seeking public input on new draft regulations designed to eliminate anti-competitive behavior in the midstream and downstream energy sectors.
Rabiu Umar Emphasizes Need for Adaptive Energy Regulation
NMDPRA chief Rabiu Umar advocates for modernized, digital-focused regulatory processes to keep pace with Nigeria's evolving energy sector.
Akwa Ibom groups push for higher PIA payments and policy reforms
Stakeholders in Akwa Ibom are lobbying to increase PIA remittance to host communities from 3% to 7% while seeking to remove penalties related to pipeline vandalism.
NUPRC Selects 31 Winners for 37 Oil Blocks in Latest Licensing Round
The NUPRC has named 31 companies as winners of 37 oil and gas blocks following a competitive bidding round that drew interest from 143 firms.
Nigeria Plans 300,000bpd Production Boost Following 2026 Licensing Strategy
The Nigerian government projects a 300,000 barrel per day increase in oil production through the 2025 licensing round, with plans for further expansion in 2026 to reach national output goals.
Revitalizing the Nigerian Oil Sector: NUPRC’s Strategic Transformation
Under the leadership of Oritsemeyiwa Eyesan, the NUPRC is boosting Nigeria's oil sector through regulatory reforms, increased production, and a push for greater transparency and international investor engagement.
Nigeria closes two gas stations in Ogun over fuel irregularities
Federal authorities in Ogun State have closed two fuel stations, Mobil and Managarborn Energy, for cheating customers and violating the Petroleum Industry Act.
NUPRC Awards Oil Licences to 12 Firms as New Deepwater Project Emerges
The NUPRC has issued 19 petroleum prospecting licences to 12 firms, while ESSO Exploration announced a $300 million deepwater investment project in Nigeria.