The Federal Government says 13 oil and gas blocks in the ongoing 2025 Licensing Round will be returned to the bid basket, while successful bidders must commence development promptly or forfeit the assets under its “drill or drop” policy.
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 143 prequalified companies submitted 200 technical and commercial bids for 37 oil and gas assets in the ongoing Nigeria 2025 Licensing Round.Continue Reading
By Angela Atabo The Stakeholder Democracy Network (SDN) says it has commenced a high-level capacity-building programme aimed at strengthening regulatory oversight of methane emissions in Nigeria’s oil and gas industry. Speaking at the opening session in Abuja on Tuesday, SDN Country Director, Florence Ibok-Abasi, described the training as a strategicContinue Reading
By Angela Atabo Key stakeholders across government, civil society and industries have called for stronger regulatory coordination and accelerated action on methane abatement in Nigeria’s oil and gas sector. They made the call at the Methane Emission Abatement in the Oil and Gas Industry Regulatory Dialogue organised by the StakeholderContinue Reading
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says recent reforms have unlocked over $10 billion in upstream oil and gas investment.Continue Reading
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signed a Petroleum Exploration Licence (PEL) No 5 agreement with SeaSeisGeophysical Limited (SeaSeis), to boost Nigeria’s offshore exploration.Continue Reading
The Federal Government has underscored the need for a fundamental shift from compliance-based local content policies to performance-driven frameworks that can deliver industrial growth and long-term competitiveness in Africa’s gas sector.Continue Reading
By Emmanuella Anokam The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued permits to 28 companies under the Nigerian Flare Gas Commercialisation Programme (NGFCP), marking a significant step to end routine gas flaring and advance climate commitments. The successful awardees were: Ace Energy Limited, Afagaf Company Limited, AGH Lero, AlminaContinue Reading
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
