The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advocated the establishment of more Alternative Dispute Resolution Centre (ADRC) within the upstream oil and gas sector in oil-producing regions. The Commission Chief Executive, NUPRC, Mr Gbenga Komolafe made the call on…
By Seun Ibiyemi Dangote Refinery has reiterated its challenges in securing adequate crude oil supply for its operations, despite claims of increased allocation from the Nigerian National Petroleum Company (NNPC). In a statement made available to NewsDirect, the Dangote Group’s…
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that the country’s average daily production stood at 1.61 million barrels per day as of July 23. Komolafe disclosed this at the House of Representatives Special…
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…
