The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said that Nigeria did not build a new crude oil export terminal for over half a century until the completion of the Otakikpo Onshore Terminal in Read More
Ingenia to lower oil production costs as NUPRC converts licence
As Nigeria’s upstream petroleum sector yesterday in Abuja marked conversion of Petroleum Prospecting Licence (PPL) to Petroleum Mining Lease (PML), the first of such under the Petroleum Industry Act (PIA), indigenous producers, Ingentia Energies Limited… The post Ingenia to lower Read More
Nigeria to re-allocate dormant oil blocks, signs new production sharing contract
Nigeria’s upstream oil and gas sector marked a significant milestone yesterday with the signing of a new Production Sharing Contract (PSC) covering two offshore blocks awarded to the TotalEnergies–Sapetro consortium. The post Nigeria to re-allocate dormant oil blocks, signs new Read More
Energy Centre applauds Komolafe as NUPRC records N5.21tr revenue in Q1 2025
The Energy Policy Advancement Centre (EPAC) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for generating N5.21 The post Energy Centre applauds Komolafe as NUPRC records N5.21tr revenue in Q1 2025 appeared first on The Guardian Nigeria News – Read More
Gas-centric transition strategy to curb flaring by 2030 – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its gas-centric transition strategy aims to eliminate routine flaring by 2030 and reduce methane by 60 per cent by 2031. The commission’s Chief Executive, Gbenga Komolafe, made this known on Wednesday at Read More
Lingering court order, litigations trail Shell’s $2.4b divestment
The reported approval of Shell Petroleum Development Company’s (SPDC) $2.4 billion asset divestment to Renaissance Africa Energy Holdings continues to face widespread criticism, as concerns rage over ongoing litigations and outstanding liabilities of the multinational. The post Lingering court order, Read More
NUPRC commits to workers’ welfare, lauds NUPENG
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pledged support for oil workers’ welfare, stressing that a unified, motivated, and productive workforce is critical to the realisation of the country’s economic goals. The post NUPRC commits to workers’ welfare, lauds Read More
Nigeria considers new bid round amidst divestment, low production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) may conduct a new oil bid round amidst low oil production and reserves. The post Nigeria considers new bid round amidst divestment, low production appeared first on The Guardian Nigeria News – Nigeria Read More
Nigeria considers new regulations amidst uncertainties in oil, gas sector
Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering seven regulations that would aid the implementation of some fragments of the Petroleum Industry Act, especially contracts, commercials, revocation of oil and gas licenses. The post Nigeria considers new Read More
Government pledges to boost oil, gas production
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) is optimistic that oil and gas production in Nigeria will experience a significant increase in the coming months. The post Government pledges to boost oil, gas production appeared first on The Guardian Nigeria Read More