Skip to content
Industry Reform: NUPRC approves $18bn FDPs in2025
*Tinubu’s executive orders transforming oil sector- Komolafe Sopuruchi Onwuka The Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr Gbenga Komolafe, says federal government has started recording dividends of the transformative reforms in the upstream petroleum industry. Engr….
Komolafe assures energy players of clear, rewarding fiscal climate
Sopuruchi Onwuka Nigeria’s upstream petroleum regulator has urged international exploration and production companies to seize the opportunities presented in prevailing regulatory environment to invest in Nigeria’s oil and gas industry. Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),…
More divestment opportunities underway as NUPRC audits dormant assets
*Chevron, TotalEnergies have options to divest Sopuruchi Onwuka Investors and players shopping entry opportunities in the upstream petroleum industry may prepare to take the inorganic route as ongoing reviews by the nation’s acreage administrator may push international oil companies to…
NUPRC converts PPL 202 to OML 66 as Ingentia consortium preps devpt projects
Rig underway for drilling campaign Sopuruchi Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has converted Petroleum Prospecting Licence (PPL) 202 to Petroleum Mining Lease (PML) 66, signaling approval for the operators of the oil block to proceed with field…
HSE breaches: NUPRC grounds Oritsemeyin Rig
Sopuruchi Onwuka Petroleum industry regulator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked the license of indigenous drilling rig, Oritsemeyin, saying the equipment is unfit to safely continue operating in the country. The regulator also stated that the license of…
Divestment: NUPRC tidies up $400m abandonment obligations
Clears 94 decommissioning plans Sopuruchi Onwuka Regulator of the Nigerian upstream petroleum industry has declared that it has worked the details of oilfield decommissioning and abandonment obligations among old players that divested their stakes and new players that acquired the…
NUPRC reports drastic cut in production losses, indicts oil firms
Millions of barrels still unaccounted for Sopuruchi Onwuka Nigeria’s upstream petroleum industry regulator has opened the window into the struggle to recover the country’s petroleum liquids output from thieving vandals and dubious players, indicating unfortunately that while significant progress has…
2025 Bid Round: NUPRC flaunts fiscal incentives to investors
Signs PSC with TotalEnergies-Sapetro consortium Sopuruchi Onwuka The government has called on global upstream petroleum industry investment community to seize the advantage of the prevailing regulatory, fiscal and governance regime in seeking exploration licenses in the upcoming next bid round…
Nigeria’s gas export leaps as domsupply, flares dim
Sopuruchi Onwuka Nigeria’s gas production and export began the second half of the year on bullish note with both production and export posting new records while fluctuation in domestic consumption volumes posted disturbing signals. Latest industry production dashboard made available…
Nigeria’s laying regulatory model for Africa’s petroleum industry _Komolafe
Sopuruchi Onwuka Governments of petroleum producing countries in Africa may need to adopt the well conceived and robustly developed regulatory templates that are already in operation in Nigeria as the continent works towards harmonized standards and cross border infrastructure build…
