The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that it will be automating business processes in the oil and gas industry to boost investments inflow into the sector. This follows the huge outflow of investments particularly in the Nigerian…
The Nigeria Upstream Petroleum Regulatory Council (NUPRC) has ordered players to supply around 483,000 barrels per day (bpd) of crude oil to local refineries for the first six months of 2024. This directive is issued by the Nigeria Upstream Regulatory…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the Regulatory Framework for Energy Transition, Decarbonisation and Carbon Monetisation for upstream operations in Nigeria. The unveiling was at the ongoing United Nations Climate Change Conference 2023 (COP28) in Dubai, United…
NUPRC has announced a possible gas exploration and production partnership with Argentina. The announcement was made via the Commission’s official X (formerly Twitter) handle on Wednesday, November 22. In the statement, it was said that the Nigerian Upstream Petroleum Regulatory…
The Nigeria Extractive Industries Transparency Initiative and the Nigerian Upstream Petroleum Regulatory Commission, have clarified concerns around the 2020 marginal fields awards. Both agencies explained in separate statements that recent reports that quoted NEITI report to have insinuated that the…
Nigeria’s oil production in October 2023 has suffered a decline to 1.56 million barrels of crude oil per day (bpd) following an increase earlier in September. According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria produced 1,350,573…
The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the oil and Gas industry in 2021 has accused the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of flouting its own regulations while implementing the 2020/2021 marginal fields award.…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal government revenue generating agencies remitted a total of about N14.38 trillion as revenue from the extractive sector to the Federation Account (FA) between January 1, 2020 and December 31, 2021.…
As more private refineries indicate readiness to commence production soon in Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is taking all necessary steps within the prescriptions of the Petroleum Industry Act (2021) to ensure adequate and consistent supply of…
Following the readiness of more private refineries to commence production of crude oil in Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned all saboteurs to desist from hindering adequate and consistent supply of feedstock to operators. In a statement by Mrs Olaide…
