NUPRC | GUPC

Bringing NUPRC closer to oil and gas operators will boost efficiency

Oil and Gas Industry | intent | February 26, 2024 | Comment off

With clear mandates – ensuring compliance with petroleum laws, regulations and guidelines, monitoring of operations at drilling sites, producing wells, production platforms and flowstations, crude oil export terminals, and all pipelines carrying crude oil, and natural gas, supervising operations being carried out under licences and leases, monitoring operations to ensure that they are in line with national goals and aspirations – the Nigerian Upstream Regulatory Commission, NUPRC, occupies a very influential position in Nigeria’s oil and gas industry.

We’re reversing investment decline in upstream sector—NUPRC

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | February 20, 2024 | Comment off

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reports a reversal in the investment decline in the oil and gas upstream sector, as stated by Gbenga Komolafe, the CEO of the commission.

NUPRC Says Plan to Conduct Closed Bid Round for Oil, Gas Blocks Legal

Oil and Gas Industry | intent | February 14, 2024 | Comment off

•Declares Nigeria’s technical oil production potential stands at 2.26m bpd

•APPO to announce headquarters of proposed African Energy Bank next month

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

Crude rises to $83 as Nigeria’s output crosses 1.4mbpd

Oil & Gas | intent | February 14, 2024 | Comment off

Brent, the global benchmark for crude, rose to $83.19/barrel on Tuesday evening, moving up by $1.19 when compared to its cost the preceding day, as latest data from the Federal Government indicated that Nigeria’s oil output increased to 1,426,574 barrels/day in January 2024.

NUPRC keeps two-month oil production reports secret

Oil & Gas‚ Oil and Gas Industry | intent | February 12, 2024 | Comment off

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has kept the nation’s two months’ crude oil production reports secret.
Reasons for the clandestine action was not immediately clear at the time of filing this report.

The latest report the commission published was that of last November. It was published on December 13, last year.

NUPRC Engages Totalenergies on Offshore Oil Devt, Domestic Crude Obligation

Oil & Gas‚ Oil and Gas Industry | intent | February 12, 2024 | Comment off

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is in discussions with TotalEnergies on its plan to focus on its offshore operations in Nigeria, the commission has said.

Tinubu orders AGF, Lokpobiri to end $1.3bn oil block dispute

Oil & Gas | intent | February 1, 2024 | Comment off

President Bola Tinubu has ordered the Attorney-General of the Federation, Lateef Fagbemi (SAN), Minister of State for Petroleum Resources, Heineken Lokpobiri, and other agencies of government to clear all court cases around the $1.3bn deepwater OPL 245 oil block located in southern Niger Delta.

NUPRC Warns Companies against Buying Oil, Gas Assets without Due Diligence

Oil & Gas‚ Oil and Gas Industry | intent | January 29, 2024 | Comment off

Peter Uzoho

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advised prospective buyers of oil and gas assets put on sale during bid rounds to endeavour to carry out proper due diligence checks on the commercial and economic viability of the assets before making payments.

NUPRC engages stakeholders, invites investors to participate in the Bid Round

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | January 22, 2024 | Comment off

n its avowed bid to drive and grow sustainable investments in Nigeria’s upstream for energy security, national economic development, and return value to all stakeholders, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Thursday met in Lagos with members of the Oil Producers Trade Section (OPTS) and Independent Petroleum Producers of Group (IPPG) to fine-tune strategies for the year 2024 and beyond.

NUPRC boss seeks collaboration with police to combat oil theft

Oil and Gas Industry | intent | January 12, 2024 | Comment off

THE Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission, Mr Gbenga Komolafe, is seeking enhanced collaboration with the Nigerian Police toward curbing oil theft in the country.

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