Turnaround By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s upstream oil sector is experiencing a significant turnaround. It said Crude oil losses from theft and metering issues had fallen to their lowest levels in nearly 16 years. According to the Commission, daily losses in JulyContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Production Sharing Contract (PSC) for Petroleum Prospecting Licences 2000 and 2001 with NNPC Limited and the TotalEnergies–Sapetro Consortium. Speaking at the signing ceremony on Monday in Abuja, NUPRC Chief Executive, Mr Gbenga Komolafe, described the agreement asContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s rig count will hit 50 by the end of 2025. It said the country’s rig count had increased from eight in 2021 to 40 in 2025. The Chief Executive, NUPRC, Gbenga Komolafe said this on Wednesday inContinue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the Nigeria Gas Flare Commercialisation Programme (NGFCP) has the potential to unlock 2.5 billion dollars investment in oil and gas sector. The commission is also set to hold its first Nigeria Upstream Oil and Gas Decarbonisation Forum in March,Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels crude oil production at 75 dollars per barrel. Nigeria’s current production is averaging 1.7 million barrels leaving a deficit of about 350,000 barrels to be bridged. Mr Gbenga Komolafe, CommissionContinue Reading
By Lucy Ogalue Mr Gbenga Komolafe, the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for unwavering commitment to eradicate corruption, particularly in Nigeria’s vital oil and gas sector. Komolafe made the call at a workshop organised by the commission to mark the InternationalContinue Reading
Crude production: Tinubu tasks NUPRC, industry players on joint realisationContinue Reading
By Emmanuella Anokam The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM), says litigations is delaying the Host Community Development Trust (HCDT) Fund creation and implementation. HOSTCOM said pending issues by host communities in choosing members and chairman of the Board of Trustees (BoT), also delayed the implementation ofContinue Reading
