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NUPRC explores crude swap deals to cut costs

The Nigerian Upstream Petroleum Regulatory Commission on Friday disclosed that it is consulting with stakeholders on introducing domestic crude oil and gas swap arrangements to reduce costs and increase the availability of petroleum products in the country. Vanguard reported that a statement by the Commission said its Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this during […]

Oil and Gas

NUPRC awards 37 oil blocks to 31 companies despite ‘threats’

The Nigerian Upstream Petroleum Regulatory Commission on Tuesday declared 31 companies as winners of 37 oil and gas blocks under the 2025 Licensing Round, despite what the commission described as sustained threats and pressure mounted against members of its evaluation team before the conclusion of the exercise. The successful conclusion of the commercial bid conference […]

Business

NUPRC opens bidding for 50 oil, gas blocks

The Nigerian Upstream Petroleum Regulatory Commission will on Tuesday commence the decisive commercial phase of the 2025 oil and gas licensing round, with 143 companies competing for 50 blocks across Nigeria’s major and emerging hydrocarbon basins. The invitation-only commercial bid conference is scheduled to take place at the Conference Centre of the Transcorp Hilton Hotel […]

Oil and Gas

NUPRC, defence ministry partner on oil infrastructure security

The Nigerian Upstream Petroleum Regulatory Commission has called for deeper collaboration with the Federal Ministry of Defence to strengthen the protection of the country’s oil and gas infrastructure through non-kinetic security interventions. Vanguard reported that a statement by the Head of Media and Corporate Communications, Eniola Akinkuotu, said the move followed a meeting between a […]

Oil and Gas

Nigeria can hit 1.9 million bpd crude oil production — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day, following recent gains that saw the country attain a peak production level of 1.86 million bpd in May. According to Vanguard, the Commission Chief Executive of NUPRC, Mrs. Oritsemeyiwa Eyesan, disclosed this on […]

Business

Nigeria’s crude oil output could reach 1.9mbpd – NUPRC

Nigeria’s crude oil production has the potential to increase to 1.9 million barrels per day in the near term, following recent gains in output, according to the Nigerian Upstream Petroleum Regulatory Commission. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, made this known on Wednesday during a meeting with the Chairman of the Nigeria […]

Business

NUPRC workers begin indefinite strike, shut offices nationwide

Workers of the Nigerian Upstream Petroleum Regulatory Commission commenced an indefinite nationwide strike on Monday over unresolved welfare concerns, leading to the closure of the commission’s offices across the country. Sources, however, indicated that operational personnel were exempted from the industrial action for now, pending the outcome of ongoing negotiations between the parties, according The […]

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 […]

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