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.
NIGERIA’s oil production, including condensate, dropped month-on-month, MoM, by 17.7 percent 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, has disclosed that at 1.5 million barrels per day, Nigeria was producing oil at 60 percent of technically allowable 2.5 million barrels per day.
President Muhammadu Buhari has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said that it will support indigenous oil and companies with the right policies and regulations to grow.
The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the federal government has concluded plans to explore alternative funding models for the development of the country’s hydrocarbon resources.