Day: April 1, 2024

Oil theft: Nigerian Govt mulls crude transport via trucks, barges

The Nigerian federal government plans to adopt trucks and barges to transport crude oil to tackle pipeline vandalism.

This was contained in a document by the Nigerian Upstream Petroleum Regulatory Commission on “Stability in the Nigerian Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security”.

NUPRC said the move was to avoid production deferment, losses and other undesirable consequences due to pipeline disruption and outages.… Read the rest

Nigeria oil fields jump to 246 on investor response to PIA – NUPRC

Nigeria’s oil industry is showing positive signs with the number of producing fields reaching 246, according to the Federal Government (FG).

This marks a 12 percent increase from 218 producing fields in 2019, data from the Nigerian Upstream Petroleum Regulatory Commission showed.

The NUPRC document, which focused on stability in the oil sector, read in part, “Since 1956, the Nigerian upstream oil and gas landscape has grown with the development and installation of several oil and gas facilities.… Read the rest