Tag: Gbenga Komolafe

‘Drill Or Drop,’ NUPRC Begins Idle Oil Blocks’ Recovery, Announces 2025 Licensing Round

Ganiyu Amodu

. ‘5 Key Things To Know About 2025 bid round’ Komolafe gives information on fresh licensing   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun the recovery of Idle Oil Blocks in Nigeria as it announced a fresh oil licensing round for 2025. Platforms Africa reports that Gbenga Komolafe, Commission Chief Executive of the NUPRC, made the announcement on Wednesday at the 2024 Licensing Round Commercial Bid Conference In Lagos. According to him, the 2025 licensing round would focus on underexplored assets, fallow fields, and natural gas development as…

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Nigeria Rejects Shell’s $2.4Bn Onshore Asset Sale To Renaissance

ADEOLA YUSUF

  . Two years after, NUPRC approves ExxonMobil/Seplat $1.28 billion deals     The Nigerian Government has declined approval for the Renaissance Africa Energy’s acquisition of Shell’s onshore assets in the country. Recall that Renaissance has earlier in mid-January 2024 announced the acquisition of the entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC). After Platforms Africa’s Report Buhari Sets up 14 Man Committee on Fuel Crisis ‘Revoke NNPC Fuel Import License,’ Dangote Slams N100bn Case On NMDPRA I’ve Very Clear Vision of Where Africa Should Be—…

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Oil, Gas, Power Ministers To Speak At NOG Energy Week

ADEOLA YUSUF

“7,000 participants, 800 delegates, 350 exhibition companies and 116 industry expert speakers,” Organisers speak on 2024 edition of the confab, which has been connecting the Nigerian energy industry with the int’l energy community for 25 years   The 2024 edition of the NOG Energy Week, which will spotlight energy industry’s opportunities to drive investment needed to meet energy demand, has confirmed the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri and his Gas counterpart, Ekperikpe Ekpo, as speakers. Platforms Africa reports that the event, which has been headlining the…

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Nigeria Begins Deep Offshore Oil Blocks’ Mini-Bid Round

ADEOLA YUSUF

Here is the list and details of the oil blocks on offer – NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2022 deep offshore mini-bid round, promising that the process would be transparent and competitive. The Seven blocks on offer, are Blocks PPL-300-DO, PPL-301-DO and PPL-302-DO are located in the Nigerian Transform Margin area. Blocks PPL-303-DO, PPL-304-DO, PPL-305-DO and PPL-306-DO are within the deepwater Niger Delta Basin. According to a statement issued on Wednesday and signed by the commission’s Chief Executive, Gbenga Komolafe,…

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Nigeria To Auction Seven Oil Blocks Offshore Lagos November

Abibat Babalola

Nigeria government has concluded plans to offer for sales seven fresh deep offshore oil block licences in November, 2022. According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Chief Executive, Gbenga Komolafe, the oil blocks available are at depths of between about 1,200 meters (3,936 feet) and 3,100 metres offshore Lagos. This last time the federal government issued dozens of such permits was between 1993 and 2007, and it was meant to open up the ocean floor to oil and gas production. READ ALSO: Buhari Disowns Finance Minister, Backs Emefiele…

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