This was seen in a memorandum issued by the commission, titled ‘Movement To Lagos,’ signed by Dr Kelechi Onyeakachi Ofoegbu, Executive Commissioner, Corporate Services & Administration, dated February 14, 2024 and obtained by SaharaReporters on Thursday morning.
The Nigerian Upstream Petroleum Regulatory Commission has revealed that it is considering relocating some of its units from the Federal Capital Territory, Abuja to Lagos State.
The Nigerian Maritime and Safety Administration (NIMASA) has initiated the preparatory phase for deploying the modular floating dock at Apapa Continental Shipyard.
Bashir Jamoh, the director-general, made this announcement in a statement released on Wednesday, February 14, in Lagos.
He said that the installation preparations are underway for the heavy 50-ton cylindrical spuds, which will serve as anchors for the dock.… Read the rest
The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, formally received the report for the implementation of the Port Community System (PCS) in Nigeria, a move that will enhance the ease of doing business in ports within the country.
The PCS initiative aligns with the Convention on Facilitation of International Maritime Traffic (FAL) of the International Maritime Organization (IMO), and its objectives include preventing unnecessary delays in maritime traffic, enhancing cooperation between governments and ensuring uniformity in formalities and procedures.… Read the rest
In a pre-emptive move to remove any potential misinterpretation, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that the upcoming ‘closed’ bid round for the sale of oil and gas blocks this year was legal and in line with the provisions of the Petroleum Industry Act (PIA) 2021.
The commission also stated that Nigeria’s national technical oil production potential currently stood at 2.26 million barrels per day (bpd) well above the 1.5 million bpd production quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC).… Read the rest
Nigeria’s oil production increased to 1,426,574 barrels per day in January 2024.
The country’s drilling performance was published in the latest crude oil and condensate production data of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The figure represents the highest production level since March 2021 when output was 1,428,613 bpd.
According to the NUPRC data, output rose by 91,476 bpd in Januay 2024 — a 6.85 percent increase compared to the production figure of 1,335,098 bpd in December 2023.… Read the rest
Nigeria inched closer to actualising her oil production output target of 1.8 million barrels per day with about 177, 000 bpd increase in production recorded in January.
The Chairman, Senate Committee on Local Content Senator Natasha Akpoti-Uduaghan, has emphasised the need to deepen the implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD Act.
Natasha Akpoti-Uduaghan, who said this at an interactive session with the leadership of the Nigerian Content Development and Monitoring Board (NCDMB) at the Senate Building at Abuja, said the development was necessary in order to create employment opportunities from the activities in the oil industry and catalyse other sectors of the economy.… Read the rest
The Port Harcourt Refining Company Limited, PHRC, has received a supply of 475,000 barrels of crude oil from the Shell Petroleum Development Company of Nigeria Limited through its Bonny Oil & Gas Terminal, BOGT.
Dr Osagie Okunbor, the Country Chair of Shell Companies in Nigeria and Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC), disclosed this in a statement on Monday.… Read the rest
President Bola Tinubu has appointed the board and management team of the Nigerian National Petroleum Company Limited.
This was disclosed by the Special Adviser to the President, Media and Publicity, Ajuri Ngelale, via a tweet by the Special Assistant to the President on Social Media, Dada Olusegun, on Monday.
The statement read, “In compliance with Section 59 (2) of the Petroleum Industry Act, 2021, President Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) with effect from December 1, 2023.”… Read the rest