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.
Nigeria is suitably positioned to become a superpower in the unfolding energy transition regime given its over 200 million population and abundant energy sources, the Nigerian Upstream Regulatory Commission (NUPRC) has said.
Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported, Engr Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), has said.
Nigeria’s Upstream Petroleum Regulatory Commission will stage a pre-bid conference Monday, Jan. 16, for seven blocks on offer in the country’s northwestern offshore region.