Nigeria’s Upstream oil regulator ‘optimistic’ on Exxon asset sale to Seplat
October 11, 2023 The head of Nigeria’s upstream oil regulatory body says he is “very optimistic” that oil major Exxon Mobil’s asset sale to Seplat Energy can move forward, he…
Nigeria’s annual upstream Capital Expenditure drops to $6bn- NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure has decreased from 27 billion dollars in 2014 to less than six billion dollars in…
NUPRC announces successful bidders for Nigerian gas flare commercialisation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the outcome of the bidding exercise for the Nigerian gas flare commercialisation programme. Following the conclusion of the bidding process,…
3% remittance to oil communities: NUPRC to revoke licences of defaulters
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…
Seplat’s capsized rig: 92 personnel safe, rescue operations ongoing – NUPRC
Aug. 17, 2023 The Nigeria Upstream Petroleum Regulatory Authority (NUPRC) has confirmed that search and rescue operations of Personnel on Board (POB) of Seplat Energy’s capsized drilling rig in Delta…
We have met crude supply obligations to domestic refineries – NUPRC
Contrary to insinuations from some operators in the refinery business in Nigeria that the continued failure to supply local refineries with crude oil is capable of destroying members’ investment…
Court to deliver judgment in Mobil’s suit against NMDPRA Oct 25
July 27, 2023 A Federal High Court, Abuja, on Thursday, fixed Oct. 25 for judgment in a suit filed by Mobil Producing Nigeria Unlimited against the Nigerian Midstream and Downstream…
Oil Production: Nigeria has surpassed OPEC’s quota- NUPRC Chief Executive
June 9, 2023 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisations of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels…
FG to explore alternative funding model for oil, gas industry development – NUPRC
May 2, 2023 The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas…
FG considering how best to achieve subsidy removal without disrupting livelihoods – Aduda
April 21, 2023 The Federal Government says it is considering how best to achieve subsidy removal without disrupting livelihoods in Nigeria. Amb. Gabriel Aduda, Permanent Secretary, Ministry of Petroleum Resources,…