The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun consultation with stakeholders prior to finalising seven more petroleum draft regulations, in compliance with the Petroleum Industry Act (PIA 2021). Mr Gbenga Komolafe, the Commission’s Chief Executive, said this at the…
The Nigerian Government revealed that the total annual upstream capital expenditure in Nigeria’s oil and gas industry decreased from 27 billion dollars in 2014 to less than six/ billion dollars in 2022. This was disclosed by Chief Executive of the…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced 42 successful bidders in the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP)’s auction process. The NUPRC Chief Executive, Mr Gbenga Komolafe disclosed the outcome of the bidding exercise in a statement…
Report released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Nigeria’s oil production jerked higher by 8.4 percent in the month of August to 1.41 million barrels per day compared to 1.30 million barrels per day recorded…
…As NUPRC vows to sanction erring companies Oil companies have refused to abide by the provisions of the Host Community Regulation and Petroleum Industry Act threaten Nigeria’s oil production output, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said. The…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending. The NUPRC management on Friday said…
…Insists on supplying only refiners who have fulfilled obligations The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has delivered 3,614,936 barrels of crude to three local refineries between September 2021 and May 2023. A statement issued by the management…
By Akinyemi Precious Nigeria’s crude oil output dropped to 1.29m barrels per day (bpd) in July. This was according to the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). According to analysis, production fell 12.56 percent from 1.48…
The Federal Ministry of Petroleum Resources on Thursday, intervened in the lingering crises between the management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and its workers. The workers have since Tuesday been protesting alleged poor welfare and working conditions…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ranked Shell Petroleum Development Company, SPDC-operated onshore joint venture as industry leader in the implementation of the Chapter Three of the Petroleum Industry Act (PIA) dealing with host community development. The SPDC-operated…
