The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the country’s rig count will hit 50 by the end of 2025. It said the country’s rig count had increased from eight in 2021 to 40 in 2025. The Chief Executive, NUPRC, Gbenga Komolafe said this on Wednesday in Abuja… Nigeria’s rig count to reach 50 year … Read more
In a decisive step to strengthen local refining capacity and reduce dependence on imported petroleum products, the Federal Government has prohibited the export of crude oil allocated for domestic refineries. According to reports, the move is also aimed at easing pressure on Nigeria’s foreign… NUPRC bans export of domestic oil allocation …C0NTINUE READING >>>>
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 25 oil bidders emerged at the 2024 oil licensing bid round. The Chief Executive of NUPRC, Mr Gbenga Komolafe, announced the winners at the licensing round commercial bid conference held in Lagos on Wednesday. The winners… 25 firms win FG oil licences – NUPRC …C0NTINUE READING >>>>
Mr Gbenga Komolafe, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says a new round of oil licensing bid will take place in 2025. Komolafe made the announcement as the commission approaches the conclusion of the ongoing 2024 Licensing Round… NUPRC set for 2025 oil licensing bid round – CEO …C0NTINUE READING … Read more
Reps demand from NUPRC details of oil production, crude sales …C0NTINUE READING HERE>>> The House of Representatives has mandated the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to provide details of all oil production, crude sales, and other activities in the upstream petroleum industry in the country. The joint sitting of the House Committee on Finance … Read more
We did not approve sale of Shell assets — NUPRC …C0NTINUE READING HERE >>> The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has not approved Shell International Plc’s bid to sell its onshore assets to Renaissance. A statement signed by NUPRC Head, Public Affairs and Corporate Communication, Mrs Olaide Shonola titled: “Re-Boon for Nigeria … Read more