The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stated that International Oil Companies (IOCs) are not refusing to sell crude oil to the Dangote refinery. The Chief Executive Officer of the Commission, Engineer Gbenga Komolafe, made this remark during an…
By Ibrahim Musa The Federal Government has emphasised production bonus, which refers to the payment by an operator to a host country upon achievement of oil and gas production, as a strategy for attracting investors to bid for Nigeria’s oil…
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the African Petroleum Regulators’ Forum (AFRIPERF) to drive continental aspirations in the development and utilisation of hydrocarbon resources. The NUPRC unveiled the AFRIPERF at its maiden roundtable on the sidelines of…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it has extended the 2024 licensing bid round registration by 10 days. Commission Chief Executive Officer, Engr Gbenga Komolafe, said this in Abuja on Tuesday. He said the extension is to allow…
By Opeyemi Abdulsalam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says it has extended the 2024 licensing bid round registration by 10 days. Engr Gbenga Komolafe, Commission Chief Executive Officer, said this in Abuja on Tuesday. He said the extension…
The Nigerian Upstream Petroleum Regulatory Commission has revealed that the 2024 oil block bid will not include firms and investors without financial capacity and technical competence. The Chief Executive Officer of NUPRC, Gbenga Komolafe, disclosed this at the 2024 pre-bid…
The House of Representatives on Wednesday resolved to investigate ongoing assets divestment by international oil companies operating in the Niger Delta region of the country. This is to ascertain the level of compliance with the decommissioning and abandonment guidelines of…
The Chief Executive of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, has assured prospective investors interested in participating in the country’s oil rounds of a conducive environment to conduct their business. Komolafe made this assertion at the…
The Nigerian Upstream Petroleum Regulatory Commission has announced the commencement of the bidding process for 12 oil blocks recently listed for sale. It also signals the start of the 2024 Nigeria Petroleum Licensing Round and the resumption of the 2022/2023…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has pledged the country’s commitment to break all entry barriers for would-be investors. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe gave the assurance during the opening of the Nigerian Pavilion at the…
