Nigeria Records 1.485m bpd in November Downstream Sector December 12, 2024 Nigeria’s crude oil production hit a significant milestone in November 2024, reaching 1.485 million barrels per day (bpd), a volume…
NUPRC to Collaborate with Ondo State for Energy Sector Growth Economy November 20, 2024 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged the Ondo State Government to partner with the Federal Ministry of…
Nigeria’s Oil Reserves Drop by 50 Billion Barrels Downstream Sector November 20, 2024 Nigeria’s oil reserves have taken a significant hit, declining by 50 billion barrels over the past 14 years due to…
Nigeria’s Petroleum Act 2021: Five Things You Didn’t Know Downstream Sector November 16, 2024 When Nigeria passed the Petroleum Industry Act (PIA) in 2021, the country’s oil and gas sector underwent the most significant…
LPG Tank Expiry Dates: Ensuring Safety in Nigeria LPG November 13, 2024 Nigeria’s reliance on Liquefied Petroleum Gas (LPG) has grown significantly, with households and businesses alike turning to LPG as a…
KPMG Backs Oil Industry Boost, Warns on $20 Cost Limit Markets November 11, 2024 Global audit, tax, and advisory firm, KPMG has backed the attempt by the federal government to incentivise operators in Nigeria’s…
NUPENG Threatens Nationwide Strike Over Naval Officers’ Invasion of Oil Platform News November 8, 2024 The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened a nationwide strike following an incident in which…
NEITI Reports 79% Drop in Crude Oil Theft Downstream Sector November 6, 2024 The Nigeria Extractive Industries Transparency Initiative (NEITI) has released alarming data regarding crude oil losses and revenue shortfalls in Nigeria…
House Committee Uncovers Alleged N32 Billion Revenue Leakages at NUPRC News October 26, 2024 The Public Accounts Committee (PAC) of the House of Representatives has reported revenue leakages exceeding N32 billion within the Nigeria…
The Impact of Oil Spills in Nigeria: Environmental and Economic Consequence Economy October 24, 2024 Crude oil spillage has long been a major environmental and economic challenge for Nigeria, the largest oil producer in Africa.…
