Nigeria plans to more than double its oil and gas reserves by intensifying exploration, particularly in deepwater areas and underexplored basins. Minister of State for Petroleum Resources Heineken Lokpobiri outlined the ambition on Tuesday, November 10, at the opening of the 44th Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos. To […]
In its efforts to raise crude oil production and attract fresh investments into the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it approved 595 well re-entries, 145 new well-drilling operations and 39 Field Development Plans (FDPs) in the first 10 months of 2026. NUPRC Chief Executive Officer, Oritsemeyiwa Eyesan, disclosed this yesterday […]
Nigeria has attracted more than $10 billion in oil and gas investments and projects within the past three years, with President Bola Tinubu’s policy reforms and incentives helping to strengthen investor confidence and improve the competitiveness of the country’s energy sector, Nigerian Content Development and Monitoring Board (NCDMB) has said. The Board attributed the investment […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday disclosed that bidding for 40 oil and gas blocks under the 2026 licensing round will commence on November 20, 2026. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this at a roundtable discussion titled, ‘Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global […]
Nigeria’s two petroleum regulators have announced upcoming licensing rounds within days of each other, together covering the full length of the country’s oil and gas sector. The Upstream Petroleum Regulatory Commission (NUPRC) formally opened its 2026 licensing round on October 6, offering 40 oil and gas blocks across onshore, shallow-water and deepwater terrain to local […]
The Federal Government and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called for sustained investment in Nigeria’s oil and gas industry, stressing the need for policy stability, regulatory certainty, security and faster project execution to keep the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, […]
Nigeria’s crude oil and condensate production rose marginally by 6,887 barrels per day (bpd) in August 2026, reaching 1,677,777 bpd, according to the latest data from the Nigerian Upstream Regulatory Commission (NUPRC). The August output represented a 0.4 per cent increase over the 1,670,890 bpd recorded in July, with the commission attributing the improvement largely […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced consultations with stakeholders on a new framework for domestic crude oil and gas supply, including a proposed swap arrangement aimed at reducing logistics costs and improving the availability of feedstock for local refineries.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the 2026 Licensing Round will commence latest by third quarter of 2026 having received the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act.
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has urged African countries to adopt a unified regulatory framework to unlock large-scale investment in the continent’s oil and gas sector.