Petroleum Industry Act

Nigeria’s upstream regulator has launched a 90-day approval sprint, promising faster decisions, clearer rules and renewed momentum to lift crude oil production

KEY POINTS The Pan Niger Delta Forum, PANDEF, has renewed pressure on the Federal Government to revisit the Petroleum Industry Act, arguing that the way it is currently being applied …

Nigeria secures $5.5 billion from IOC divestments, raising crude production by 200,000 barrels daily and strengthening local participation

Shell urges FG to tackle oil theft and illegal refineries to protect resources, safeguard the environment, and enhance energy security

Nigeria’s oil reserves declined by 50 billion barrels in 14 years due to reduced investment and exploration challenges, says NUPRC

NUPRC aims to capture 250 million cubic feet of flared gas daily, reducing emissions and supporting Nigeria’s energy security and sustainability goals

NNPC and Chevron have signed a deal to convert five JV assets to Petroleum Industry Act terms, aiming to boost oil production to 165,000 barrels per day by 2024.

Dangote Refinery calls on NUPRC to enforce the domestic crude supply obligation under the PIA to optimize operations.

NUPRC’s innovative measurement regulation is set to prevent revenue loss and enhance transparency in Nigeria’s petroleum sector, promising billions in savings.

Africa’s richest man, Aliko Dangote, has revealed that his refinery has obtained a licence to refine more than 300,000 barrels of Nigerian crude oil per day and will begin to …