Tag: Engr. Gbenga Komolafe

‘Data Stealing Prevalent In Nigeria’s 2024 Oil Bid Round’

ADEOLA YUSUF

CEO of Pana Holdings, whose company participated in the bid round, opened up during the 2025 NOG Energy Week panel session on the role data thieves played in the oil block allocation exercise. The 2024 oil bid round witnessed a prevalence of activities by data thieves who ripped off the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and bidders in millions of dollars. Platforms Africa reports that the Chief Executive Officer of Pana Holdings, Dr. Daere Akobo, whose company participated in the bid round, insisted during the 2025 NOG Energy Week…

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NUPRC Heightens Nigeria’s Crude Oil Exports Tracking, Issues New Guidelines

ADEOLA YUSUF

“To all licences and leases granted or preserved under the Petroleum Industry Act (PIA) 2021,” seven things to know about the NUPRC’s Advanced Cargo Declaration, the guidelines covering crude oil, natural gas, natural gas liquids and petroleum products exported from all terminals and export points in Nigeria.   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the release of new guidelines for the advanced cargo declaration regime, a move aimed at enhancing transparency, accountability and efficiency in Nigeria’s crude oil and petroleum exports. Platforms Africa reports that the guidelines,…

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Nigeria Grows National Oil Reserves By 1.45% – NUPRC

ADEOLA YUSUF

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has disclosed that the nation grows its national oil and gas reserves by 1.45% and 0.206% respectively in 2024. Commission Chief Executive (CCE), NUPRC , Engr. Gbenga Komolafe disclosed this on Thursday at the Petroleum Industry Stakeholders’ Forum which was held at the Petroleum Technology Development Fund (PTDF) Towers in Abuja. He said, “the upstream sector experienced growth in the national oil and gas reserves by 1.45% and 0.206% respectively in 2024 compared with 2023 and oil production rose by 26% from April…

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