The Nigerian Upstream Petroleum Regulatory Commission (NUPRC develops digital platform to monitor community development trust) has developed an industry intelligent digital automated platform for reporting and monitoring the Host Community Development Trust (HCDT), for transparent administration of the Host Communities’…
Amid overlapping functions, President Muhamadu Buhari has ordered the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, to supervise all crude oil export terminals in the country. Buhari’s intervention was contained in a letter dated May 3, 2023, with reference number: SH/COS/24/78…
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country. This might not be unconnected to the much-talked-about overlap of functions between the NUPRC…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission will continue to support indigenous oil and companies to grow, especially with the right policies and regulations. The Chief Executive, NUPRC Commission, Mr Gbenga Komolafe said this when he paid a…
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas resources. Mr Gbenga Komolafe, the Commission Chief Executive of NUPRC, said this on…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s oil and condensate reserves as at Jan. 1, stands at 36.966 billion barrels. This represents 31.060 billion barrels for oil and 5.906 billion barrels for condensate. The Commission’s Chief Executive,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given operators of the Oil Mining Lease 42 (OML 42) two weeks ultimatum to resolve the Host Communities Development Trust (HCDT) issues. NUPRC said if the oil operators failed to comply with…
President Muhammadu Buhari has approved the amendment of the 2022/2023 Deep Offshore oil block mini-bid process to accommodate concerns raised by potential local and international investors. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated in Abuja on Saturday that the…
The Nigerian Upstream Petroleum Regulatory Com mission (NUPRC), says it is planning a production based lending engagement to assist the 2020 Marginal Field Bid Round licences awardees to source needed capital. The NUPRC said it would help the awardees to commence…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted while six others have been finalised and ready for gazetting. Commission Chief Executive, NUPRC, Mr Gbenga Komolafe, disclosed this on Monday in Abuja at the…
