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Flare Gas Permits: NUPRC attracts $2bn investments, commercialize 300 MMscfd of gas
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the issuance of Permits to Access Flare Gas under the Nigerian Gas Flare Commercialization Program (NGFCP) will deliver wide-ranging environmental, economic, and energy benefits for the country. According to the Commission, the…
NUPRC: NNPC used up N267.4 bn Frontier Exploration Fund
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission says it has released all approved Frontier Exploration Fund allocations to the Nigerian National Petroleum Company Limited, with no outstanding balance left in the Central Bank of Nigeria account. According to Eniola…
2025 Licensing Round: NUPRC sets financial baseline for participants despite lower entry bar
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed that only financially solid companies will qualify for the 2025 Licensing Round, even though the approved signature-bonus range has been set at a comparatively low $3 million to $7 million. The…
Heirs Energies, partners sign deals on OML 17 flare gas commercialization
Sopuruchi Onwuka The Nigerian National Petroleum Company (NNPC) Limited and Heirs Energies have formalized Gas Flare Commercialization Agreements for OML 17 under both the Nigerian Gas Flare Commercialization Program (NGFCP) and approved Non-NGFCP frameworks. The agreements moves the project from…
Chevron enters race for new Nigerian petroleum licenses
NUPRC portal goes live with 50 oilfields on offer Sopuruchi Onwuka American multinational energy company, Chevron, has declared intention to compete for new oil blocks in Nigeria as the nation’s acreage administrator, the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), continues…
IEA pledges collaboration with NUPRC low emission regulations
Sopuruchi Onwuka Nigeria and the International Energy Agency (IEA) agreed to deepen cooperation on data integrity, energy transition planning, and upstream sector governance following a high-level meeting between the Agency’s delegation and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in…
AOW 2026 to showcase Nigeria’s 2025 Licensing Round
Sopuruchi Onwuka Nigeria’s upstream sector is gaining fresh momentum as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) launches of the 2025 Nigeria Licensing Round on December 1. Commission Chief Executive of NUPRC, Engr. Gbenga Komolafe, confirmed that while the bid…
After giving up stake in Bonga, TOTALEnergies leads Conoil in OPL 257
Sopuruchi Onwuka After cashing out its 12.5 non-operating stake in the Shell operated oil mining lease (OML) 118 for $510 million in September, TotalEnergies is working to increase its stake in Oil Prospecting Lease (OPL) 257 to 40 percent to…
NUPRC pledges transparent, accountable 2025 Bid Round
Sopuruchi Onwuka The Nigerian Upstream Regulatory Commission says next year’s oil block licensing round will serve as a benchmark for transparency and investor confidence as the country pushes to lift crude output and revive exploration activity. In a speech delivered…
Will dom refining boost or burst our struggling economy?
Sopuruchi Onwuka Propositions and actual projects that portend over 3.0 million barrels per day of local refining capacity may raise serious challenges to the nation’s fiscal and economic stability, given that the emerging refining boom may impose acute foreign exchange…
