WorldStage Newsonline– The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending.
The Presidency has directed the Federal Ministry of Petroleum Resources to suspend its activities on the constitution of a committee to audit the account of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Nigerian Upstream Petroleum Regulatory Commission has said it is embracing and adopting new technologies and advance recovery techniques to unlock some identified stranded or bypassed oil and gas resources in Nigeria.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it projects an increase in natural gas production from 8.0 billion cubic feet per day (bcfd) in 2020 to 12.2 bcfd in 2030 through its gas development efforts.
Nigeria’s crude oil, blended and unblended and condensate production increased to 1.473 million barrels per day in June, says a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
The Nigerian Upstream Petroleum Regulatory Commission has released a notice of stakeholder consultation on phase 4 of regulations development in line with Section 216 of the Petroleum Industry Act (PIA) 202
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd).
NIGERIA’s oil production, including Condensate, dropped month-on-month, MoM, by 17.7 per cent to 1.25 million barrels per day, bpd in April 2023, from 1.52 million bpd recorded in the preceding month of March 2023.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has issued seven new regulations aimed at providing a regulatory environment that assures efficiency, predictability, clarity and effectiveness to the Nigerian oil and gas sector.
Despite the global clamour for decarbonization and energy transition, oil and gas remain relevant in the global energy mix, an official said.