The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant progress in attracting investments in Nigeria’s upstream oil and gas sector, as showcased at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit, which held in Lagos during the week. This landmark event brought together top government officials, investors, business leaders and key stakeholders to reaffirm shared vision of …

In a move aimed at enhancing transparency, accountability and efficiency in Nigeria’s crude oil and petroleum exports, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the release of new guidelines for the advanced cargo declaration regime. According to a statement on Wednesday by NUPRC’s Public Affairs and Corporate Communication Unit, the guidelines, issued under the Nigerian Upstream Petroleum Advance …

Nigeria’s oil sector drill drop policy is now set for full implementation, signalling a major regulatory shift aimed at revitalising the upstream petroleum industry. This will enable the regulatory agency to enforce production timelines, reclaim idle wells, and boost revenue through local operator expansion Also read: Nigerian indigenous firms drive new era in oil & gas with billions in investments The Nigerian …

In line with its commitment to safeguarding Nigeria’s commonwealth and enforcing accountability in the oil and gas sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, received the Engineering Audit of Upstream Measurement Equipment and Facilities in the Nigerian Oil and Gas Industry end–of–project report from PE Energy. Approved by the Federal Executive Council in 2024, this report is a …

In a pivotal meeting held in Abuja on Tuesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and NNPC Energy Services (ENSERV) agreed to enhance their collaboration in the oil and gas sector. During a visit to the commission, both parties expressed their commitment to cultivating a productive and results-oriented partnership that will support Nigeria’s energy objectives. According to a statement …

Nigeria is inviting global investors to join in unlocking the country’s vast potential and shaping the future of energy in Africa and beyond. At the 2025 Africa Energies Summit, which just ended in London, United Kingdom, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, said that the process is being handled by his agency. …

On Friday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the country’s crude oil reserves stood at 37.28 billion barrels as of 1 January 2025, with an estimated lifespan of 64 years. In a statement in Abuja, the Commission Chief Executive, Engr. Gbenga Komolafe, also revealed that Nigeria’s gas reserves have reached 210.54 trillion cubic feet (TCF) as of …

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has disclosed that Nigeria’s rig count will hit 50 in March. Komolafe said active rigs are currently 38, from 32 in the previous weeks. According to him, increasing the number of active rigs is essential to boost oil production and achieve the two million barrels per day …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), along with major stakeholders in the country’s oil and gas sector, met in Abuja on Wednesday to discuss and fine-tune issues related to domestic crude supply obligations between producers and refiners. The meeting aimed to enhance Nigeria’s energy security. The gathering, which has become routine, presented a platform for the management of NUPRC, …

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has emphasised the need for a paradigm shift to position Nigeria as a leader in energy security and economic growth. At the Renewed Hope Global Town Hall Conference in Abuja, on Saturday, he highlighted reforms and achievements in Nigeria’s oil and gas sector. On Nigeria’s oil …