Data from the Nigerian Upstream Petroleum Regulatory Commission, a Federal Government agency, shows that the country’s oil reserves increased by 0.136 billion barrels to 37.046 billion barrels as of January 31, 2022; while gas reserves ...
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has set a June timeline for the issuance of Petroleum Prospecting Licence (PPL) to the operators of the 54 marginal oil field areas already delineated by the federal...
The United States Trade and Development Agency (USTDA) has paid a visit to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) with a commitment to work with the agency in the area of infrastructure funding. The visit...
The Federal Government and Organisation of Petroleum Exporting Countries (OPEC) have differed on Nigeria’s rig count, a major index of measuring oil and gas activities in the industry. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said four federal government agencies generated a total of N28.02 trillion between 2017 and 2019. NEITI disclosed this in its latest fiscal allocation and statutory disbursement (FASD) report released...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will not allow marginal field operators to “trade” in papers issued by it. According to the Chief Executive Officer, Gbenga Komolafe, who spoke with the...
The Senate has confirmed the nominations of four Executive Commissioners of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Those confirmed nominees are Nuhu Habib (North West – Kano State), Executive Commissioner, Development and Production; and Kelechi...
The group managing director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has called for the speedy establishment of a special court to try cases of oil theft. Kyari spoke on Thursday when...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday met with Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS) as part of efforts to address the challenge of crude oil theft in...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set up a team of experts to carry out thorough auditing of the activities of operators in the upstream petroleum industry in the last two years, to...