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Seplat: We’ll continue to pursue FG approval for Mobil Oil Producing asset acquisition

    Seplat: We’ll continue to pursue FG approval for Mobil Oil Producing asset acquisition

Seplat Energy Plc says it will continue to pursue a presidential approval for the acquisition of Mobil Producing Nigeria Unlimited (MPNU) assets. Roger Brown, chief executive officer (CEO) of Seplat

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FG to boost oil production by 58,000bpd from awarded marginal fields

    FG to boost oil production by 58,000bpd from awarded marginal fields

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the awarded marginal fields will increase oil production by about 58,000 barrels per day (bpd). Addressing stakeholders at a recent event in

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Osinbajo: Oil theft poses clear threat to national security

    Osinbajo: Oil theft poses clear threat to national security

Vice-President Yemi Osinbajo says oil theft and sabotage of oil assets pose a “clear and present danger” to the economy and national security. Osinbajo spoke in Abuja on Tuesday at

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FG will add 900,000 bpd to oil production by restoring shut-in oil wells, says NUPRC

    FG will add 900,000 bpd to oil production by restoring shut-in oil wells, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is working to revive shut-in oil wells. To shut in a well is to close off a well so that it

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‘It was released in error’ — Sylva’s aide apologises over publication countering NUPRC

    ‘It was released in error’ — Sylva’s aide apologises over publication countering NUPRC

Horatius Egua, media aide to Timipre Sylva, minister of state for petroleum resources, has apologised to Nigerians and industry operators

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Sylva counters NUPRC, says theft is major cause of crude oil losses

    Sylva counters NUPRC, says theft is major cause of crude oil losses

Timipre Sylva, minister of state for petroleum resources, says the major sources of crude oil losses are theft, pipeline vandalism,

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‘We have 1.8bn litres in stock’ — NNPC assures Nigerians of availability of petrol

    ‘We have 1.8bn litres in stock’ — NNPC assures Nigerians of availability of petrol

The Nigerian National Petroleum Company (NNPC) Limited says it has 1.805 billion litres of petrol in stock.  Garba Deen Muhammad,

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NBS: Imo, Rivers residents paid above N300 per litre for petrol in January

    NBS: Imo, Rivers residents paid above N300 per litre for petrol in January

The National Bureau of Statistics (NBS) says residents of Imo, Rivers and Akwa Ibom states paid the highest amount for

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NUPRC: 40% crude oil losses due to inaccurate measurement — NOT theft

    NUPRC: 40% crude oil losses due to inaccurate measurement — NOT theft

The Nigerian Upstream Petroleum Regulatory Commission  (NUPRC) says about 40 percent of the volumes of crude oil losses in Nigeria

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Kyari: Energy demand to increase by 35% in 2043 | Africa must collaborate to aid transition

    Kyari: Energy demand to increase by 35% in 2043 | Africa must collaborate to aid transition

Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says African nations must cooperate and exchange

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