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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…
FG declares 2025 licensing round to attract investments, boost national revenue
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, effective December 1, 2025, setting the stage for the award of new oil blocks expected to unlock fresh investments, enhance national revenue,…
Oriental Energy readies Emem FPSO for Okwok operations
Sopuruchi Onwuka Indigenous independent producer, Oriental Energy Resources Limited (OERL)is working on the final stages of converting a very large crude carrier (VLCC) into a floating production facility for deployment in operated Okwok oilfield offshore Niger Delta. The vessel conversion…
Decommissioning commission is unnecessary, govt tells NASS
Sopuruchi Onwuka Government’s policy makers, players and regulators in the petroleum industry has demanded the National Assembly to discontinue with the process of creating National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI). The Ministry of Petroleum Resources,…
Komolafe tasks Bank of America on oil production financing
Sopuruchi Onwuka The Nigerian Upstrean Petroleum Regulatory Commission (NUPRC) has charged the Bank of America to assist the global push for energy security by prioritizing financing support for Nigeria’s upstream sector. Commission Chief Executive, Engr Gbenga Komolafe, who hosted visiting…
NUPRC declares breach on Komolafe’s identity
Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned members of the public against falling victim to fraudulent social media accounts purportedly bearing the name and photo of the Commission Chief Executive, Engineer Gbenga Komolafe. Corporate spokesman, Mr…
