NUPRC
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said investor confidence is back in Nigeria’s oil sector. This comes as Lokpobiri lauded the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) regulatory feat in the last four years. He disclosed this when the Chief Executive of NUPRC visited the minister on Tuesday. The Minister […]
Justice Emmanuel Danjuma Subilim of the National Industrial Court in Abuja has restrained the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, from embarking on its planned industrial action against Dangote Petroleum Refinery. Justice Sublim, ruling on an ex-parte application by Dangote Refinery on Monday, specifically restrained PENGASSAN from cutting crude and gas […]
The Nigerian National Petroleum Company Limited has received N318.05bn between January and August 2025 for frontier oil exploration. The deductions represent 30 per cent of Production Sharing Contract profits, which are automatically set aside each month for exploration in inland basins. The Petroleum Industry Act 2021 created the Frontier Exploration Fund, which mandates that 30 […]
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