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Tag: NUPRC

Oil and Gas

NUPRC introduces new template for domestic crude oil supply

The Nigerian Upstream Petroleum Regulatory Commission has introduced a new template for the supply of crude oil in Nigeria. The initiative is to enhance the activities of local refineries as well as ensure the availability of petroleum products. This was disclosed by NUPRC Chief Executive Officer, Gbenga Komolafe in his address to the Press on […]

Oil and Gas

Crude oil reserves rise to 37.50bn barrels – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has said Nigeria’s crude oil reserves rose from 36.96 billion barrels to 37.50bb within a year. This was disclosed by NUPRC Chief Executive Officer, Gbenga Komolafe in his address to the Press on Monday, according to Nairametrics. Komolafe said that the increase in the reserves was due to production […]

Oil and Gas

FG may transport crude oil via trucks amids pipeline vandalism

The Federal Government has adopted a virtual means of evacuation of crude oil that involves the utilisation of barges and trucks for the transportation of crude from the point of production to injection/storage points for eventual transportation to export terminals. It said the Alternative Crude Oil Evacuation Systems was deployed to avoid production deferment, losses, […]

Oil and Gas

Shell uses unmanned sailboat to examine pipeline routes

An unmanned surface vessel has been sent out by Shell Petroleum Development Company of Nigeria Limited to investigate pipeline routes in the Niger Delta. The PUNCH recorded that, the USV breakthrough reduced exposure to people and the environment while saving time and money according to Shell. The Media Relations Manager for Shell Nigeria, Abimbola Essien-Nelson, […]

FG's 1,068 oil projects to generate $22.8bn investments
Oil and Gas

FG’s 1,068 oil projects to generate $22.8bn investments

By Melvin Onwubuke   The Federal Government has announced that 1,068 oil and gas projects approved between 2022 and 2023 are expected to generate a total of $22.8 billion. This was disclosed by Gbenga Komolafe, Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, during the panel session at the ongoing 7th Nigeria International Energy Summit in […]

Nigeria to end gas flaring by 2030 - NUPRC
News Oil and Gas

Nigeria to end gas flaring by 2030 – NUPRC

Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring by 2030. The Punch stated that this was revealed during a lecture given by NUPRC Chief Executive Officer, Gbenga Komolafe, during the 8th Sub-Saharan Africa International Petroleum Exhibition and Conference, which took place in Lagos. Komolafe claimed that the NUPRC […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
News

NUPRC: PENGASSAN demands reversal of 4% cost collection split

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff’s office to request that the decision to divide the 4% cost collection from the Nigerian Upstream Petroleum Regulatory Commission be reversed. According to Nairametrics, the president was given till Wednesday, July 19 by PENGASSAN to […]

Nigeria to end gas flaring by 2030 - NUPRC
Oil and Gas

Crude oil production hits 1.48mbpd in June – NUPRC

Nigeria produced 1.48 million barrels per day of crude oil in June 2023, including 55,088 and 176,030 bpd of blended and unblended condensates, respectively, according to the National Upstream Petroleum Regulatory Commission. This is 3.5% and 5.71% more oil than it produced in May 2023 and June 2022, when it produced 1.43 and 1.40 million barrels […]

Nigeria to end gas flaring by 2030 - NUPRC
Oil and Gas

NUPRC confirms take over of oil export terminals

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission has announced that they have taken over the regulation and monitoring of activities of the nation’s crude oil export terminals. AmBusiness reported that the Chief Executive Officer of NUPRC, Mr. Gbenga Komolafe said this in an interview with Arise TV on Tuesday. Komolafe claimed that […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Appointments

Buhari directs NUPRC to supervise all crude oil export terminals

The President, Major Muhammadu Buhari (retd.), has directed the Nigerian Upstream Petroleum Regulatory Commission to take over the supervision of all crude oil export terminals in the country.   According to The Cable, the presidential directive is contained in a letter, dated May 3, with reference number SH/COS/24/A/78, sent to Gbenga Komolafe, chief executive officer […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

FG discovers new locations for oil production of 681,000 bpd

The Federal Government has discovered new oil fields with a daily production capacity of 1.52 billion standard cubic feet of gas and 681,000 barrels of crude oil, respectively. According to The Punch, it disclosed this in a document put together by the Nigerian Upstream Petroleum Regulatory Commission titled “Nigerian Upstream Petroleum Sector: Value Optimization, Energy […]

Oil and Gas

NUPRC shortlists 139 firms for gas flare trading

The Nigerian Upstream Petroleum Regulatory Commission has selected 139 companies from a total of 300 applicants to participate in the Nigerian Gas Flare Commercialisation Programme 2022. The upstream petroleum regulator announced on Friday that 300 companies had expressed interest, including those who had already submitted proposals. In order to prevent gas flaring from oil production […]

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