The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted social media speculations suggesting that certain international oil companies (IOCs) have completed the sale of their assets to some indigenous companies, noting that the assets cannot be deemed sold yet. In a public notice on Friday, the commission’s Chief Executive Officer, Mr. Gbenga Komolafe clarified that oil and gas assets in …

In a bid to arrest the daunting challenge of oil theft in Nigeria’s petroleum sector, which has plagued the nation’s oil and gas industry, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe has sought an enhanced collaboration with the Police. Komolafe emphasised the urgent need for a united front against the escalating challenges posed by …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rolled out its action plan for 2024 and near term 2024 to 2026, highlighting in broad terms the regulatory approach and actions to be implemented in furtherance of its mandate as the apex regulatory agency established to supervise upstream petroleum operations in Nigeria. In a statement on New Year’s eve, the commission …

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 …