Tag: Upstream Petroleum

Nigeria launches first oil metering facility to tackle crude theft, boost revenue transparency

Business Damilola Bayonle -
NUPRC moves to end crude theft with first oil metering facility Nigeria’s upstream oil regulator has taken a decisive step...

Nigeria opens 50 oil blocks as NUPRC targets serious investors in 2025 licensing round

Business Damilola Bayonle -
NUPRC Opens 50 Oil Blocks for Bidding to Attract Serious Investors, Boost Energy Security Nigeria has formally opened 50 oil...

FG rules out signature bonus refund as Nigeria tightens oil licensing rules

Business Damilola Bayonle -
Nigeria’s Federal Government has taken a firm stance on upstream petroleum investments, warning prospective investors in the 2025 oil...

NUPRC approves $20bn field development plans in 10 months as Nigeria targets higher oil output

Business Damilola Bayonle -
A renewed effort to revitalise Nigeria’s upstream petroleum sector, the Nigerian Upstream Petroleum Regulatory Commission has approved about $20bn...