The Nigerian Upstream Petroleum Regulatory Commission has clarified that international oil companies are not exiting Nigeria despite their recent divestments. According to NUPRC CEO, Gbenga Komolafe, these divestments are part of “portfolio rationalisation,” a common practice in other markets. At…
The Nigerian Upstream Petroleum Regulatory Commission has called on the Ondo State Government to form a partnership with the Federal Ministry of Mines and Solid Minerals to harness the mineral resources in the state for economic development. The commission noted…
Nigeria is preparing to open bids for 31 onshore and offshore oil and gas blocs in a race to increase oil output and attract new investment, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). “These 31 oil and gas…
The Chairman of the Public Accounts Committee of the House of Representatives, Bamidele Salam, has admitted that the committee has not concluded their investigation into the alleged missing funds in the Nigeria Upstream Petroleum Regulatory Commission. The committee already announced…
By Esther Agbo The Chairman of Heirs Holdings Group, UBA Group, and Transcorp Group, Tony O. Elumelu, CFR, has called for bold steps towards innovation and collaboration in Nigeria’s Oil and Gas sector. He said while delivering a compelling goodwill…
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has said that the Host Community Development Trust (HCDT) Fund is being implemented in line with the Petroleum Industry Act (PIA 2021). The National President, HOSTCOM, Dr Benjamin Tamaranebi said…
NUPRC inaugurates BON to handle community disputes in NigerThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Body of Neutrals (BON) of the Upstream Alternative Dispute Resolution Centre to handle disputes in the Niger Delta region. Mr Gbenga Komolafe,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has successfully secured over N60 billion and 100 million dollars for the oil and gas host community development trust fund. The Commission Chief Executive of NUPRC, Gbenga Komolafe disclosed this during…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday approved the acquisition of Nigerian Agip Oil Company (NAOC) $783m acquisition by Oando Plc saying it conformed with current legislation and due procedure. The Head of the Upstream…
In a significant step towards fostering digital transformation in Nigeria’s upstream petroleum industry, senior officials from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) made a formal visit to the headquarters of Infosys in Bengaluru, India. Infosys a global leader in…
