The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in partnership with Hostcom Project Management and Adversary Consult Limited, has called on Host Communities Development Trusts (HCDTs) to ensure the effective utilisation of trust funds for sustainable development initiatives within their respective…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said crude oil production declined by 5 per cent in February 2025 to an average of 1.67million barrels per day (bopd) from an average of 1.73 million bopd in January 2025. In…
By Mathew Dennis The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set ambitious targets to expand the country’s hydrocarbon reserves, aiming for 40 billion barrels of oil and 220 trillion cubic feet of gas. Speaking at the Nigeria International Energy…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated that it will not resort to fixing crude oil prices, maintaining its commitment to international best practices and the willing-seller, willing-buyer model. Speaking at a stakeholders’ meeting in Abuja, Engr Gbenga…
President Bola Tinubu is committed to transparency, attracting investment, and fostering sustainable growth in the oil and gas industry. This was revealed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Mr Gbenga Komolafe, at the Renewed Hope Global…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant reduction in crude oil theft, which has now decreased to 5,000 barrels per day (bopd) due to both kinetic and non-kinetic interventions. The Commission’s Chief Executive, Engr Gbenga Komolafe,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic crude obligations. The Commission Chief Executive (CCE), Mr Gbenga…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will henceforth deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic crude obligations. The commission insisted that any changes…
In December 2024, Nigeria achieved 98.97 percent of its crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC). OPEC’s average daily quota for the month was 1.5 million barrels per day (mb/d) of crude oil.…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says operators will be required to provide evidence of low carbon emissions for applications of oil licences and permits from January 1. Chief executive officer (CEO) of the NUPRC, Gbenga Komolafe said the…
