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Tag: NUPRC

Oil and Gas

Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC

Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the first quarter of 2026, highlighting deepening inefficiencies in the country’s crude supply framework. Analysis of data released by the Nigerian Upstream Petroleum Regulatory Commission on Wednesday showed that while crude producers made significant volumes available under the Domestic Crude Supply […]

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NUPRC urges refiners to invest in oil blocks for stability

The Nigerian Upstream Petroleum Regulatory Commission has advised members of the Crude Oil Refinery Owners Association of Nigeria to explore opportunities to acquire oil blocks in future licensing rounds as a sustainable way to address crude supply challenges. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, made the recommendation during a recent courtesy visit by CORAN […]

Business

NUPRC heads to appeal court over Dawes Island marginal field ruling

The Nigerian Upstream Petroleum Regulatory Commission has approached the Court of Appeal to challenge a recent Federal High Court judgment concerning the Dawes Island marginal field, in a move reflecting the Federal Government’s effort to safeguard investments and ensure stability in the oil and gas sector. The commission’s application for leave to appeal was filed […]

Oil and Gas

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by 5.2 per cent […]

Business

NUPRC unveils reform to boost Nigeria’s oil output

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled an ambitious reform agenda to boost crude oil production, restore investor confidence, and position Nigeria as a competitive global energy destination. In her maiden interview published in the latest edition of The Upstream Gaze, the commission’s media publication obtained by […]

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Reforms attract over $10bn investment in upstream oil sector – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission says recent reforms have attracted more than $10 billion in upstream oil and gas investment. Chief Executive of NUPRC, Mrs Oritsemeyiwa Eyesan, disclosed this on Thursday in Abuja at the Society of Petroleum Engineers Nigeria Council’s Oloibiri Lecture Series and Energy Forum 2026. She said the reforms, developed with […]

Oil and Gas

Nigeria oil exploration dropped 45% in February 2026 — NUPRC

Nigeria’s oil exploration declined by 45 per cent month-on-month in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission showed that the nation’s rig count, a key indicator of upstream oil and gas activity, fell to 22 in February 2026, down from 40 recorded in January 2026. Although the […]

Business

NUPRC approves major offshore project targeting hydrocarbon development

The Nigerian Upstream Petroleum Regulatory Commission has granted Petroleum Exploration Licence 5 to SeaSeisGeophysical Limited, in partnership with TGS, to carry out the acquisition and processing of new 3D seismic and gravity data. The initiative is designed to enhance the exploration activities and accelerate the development of Nigeria’s hydrocarbon resources. The agreement was formally signed […]

Business

NUPRC completes pre-qualification, notifies applicants in oil, gas licensing round

The Nigerian Upstream Petroleum Regulatory Commission has moved Nigeria’s 2025 oil and gas licensing round into a key phase, completing the pre-qualification process and formally notifying successful applicants, signaling the shift from screening to competitive bidding. In a statement on Tuesday, the commission said the milestone, reached on March 16, 2026, concludes the initial screening […]

Business

Senate panel clears Magnus Abe as NUPRC board chairman

The Senate Committee on Petroleum Resources on Monday cleared Magnus Abe, former senator representing Rivers South-East, for appointment as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission. Abe and other nominees submitted by President Bola Tinubu were screened by the committee. The committee was chaired by Eteng Williams, senator representing Cross River […]

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