The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday in Abuja read the riot act to producers in the oil and gas industry that it would not hesitate to apply measures on erring/deviant producers/operators whose activities constitute a hindrance to the effective implementation of the Nigerian Gas Flare Commercialisation Programme (NGFCP), the country’s climate action plan. NUPRC’s Chief Executive, Engr …

Forty two companies and entities have been awarded 49 flare sites after their successful bid in the 2022 Nigerian Gas Flare Commercialisation Programme (NGFCP) auction process, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). In a statement, NUPRC management said on Tuesday 38 of the companies/entities were awarded 40 flare sites for standalone single flare site development, while 4 others …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has countered the allegation by its sister regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) that ExxonMobil was lifting butane illegally at Bonny River Offshore Terminal (BRT). In letters to the Ministry of Petroleum Resources and Chief of Defence Staff, General Lucky Irabor, NMDPRA had alleged that ExxonMobil Corporation was involved …

The Nigerian Upstream Regulatory Commission (NUPRC) on Tuesday unveiled a strategic plan which would act as a roadmap to guide the organisation’s activities and propel it towards a future of growth and success. The commission’s Chief Executive, Engr. Gbenga Komolafe, who unveiled the plan in Abuja, said it was a significant milestone in the organization’s journey as it repositions to …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has thrown its doors open to potential investors who wish to collaborate in building partnerships and unlocking the full potential of Nigeria’s upstream petroleum sector. The commission said it is leveraging the Petroleum Industry Act (PIA), 2021 which has enhanced the business landscape in Nigeria’s petroleum industry, providing a more transparent, …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has developed an industry intelligent digital automated platform for reporting and monitoring the Host Community Development Trust (HCDT). This, the commission said, is for transparent administration of the host communities’ provisions of the Petroleum Industry Act (PIA) 2021. According to its Chief Executive, Engr. Gbenga Komolafe, NUPRC developed the platform in partnership with …

President Muhammadu Buhari has approved the extension of the technical/commercial bid submission for the 2022/2023 deep offshore oil block mini-bid round process to 19th May; while the timeline for concluding activities of contract negotiations and signing will now be between 3rd and 28th July 2023. Announcement the new deadline on Saturday in a statement, the Chief Executive of the Nigerian …

In recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences, the Nigerian Upstream Regulatory Commission (NUPRC) is planning a production based lending engagement that would assist them source capital to commence full field development towards hitting first oil. According to the commission, the engagement, which is planned to commence soon, will …

Approximately 40 percent of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported, according to the Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), Engr. Gbenga Komolafe. At the Petroleum Club Quarterly Dinner over the weekend, Komolafe said that the revelation followed a forensic audit …

In furtherance of the Nigerian Gas Flare Commercialisation Programme (NGFCP) of the Federal Government, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will hold a Bidders’ Conference/Investors Forum in Abuja on 2 February. The event will afford stakeholders and investors in Nigeria’s upstream petroleum sector the opportunity to seek clarifications on the programme. The conference is being organised barely a month after …