NUPRC screens qualified oil block bidders for 2024 licensing
The Nigerian Upstream Petroleum Regulatory Commission has begun the technical screening of financially qualified bidders for the 2024 licensing bid rounds. At…
NUPRC
NUPRC warns of potential gas supply crisis by 2030
The Nigerian Upstream Petroleum Regulatory Commission has raised concerns that Nigeria could experience a gas supply crisis by 2030. This warning was…
NUPRC to review domestic crude supply regulations
The Nigerian Upstream Petroleum Regulatory Commission is ready to review the Domestic Crude Supply Obligations Regulations 2023. This was disclosed in a…
Nigeria produced 236m barrels of crude in H1 – NUPRC
Nigeria produced a total of 236,229,281 barrels of crude oil in the first half of 2024, according to The Punch. The nation…
IOCs not unwilling to sell oil to Dangote, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has said that International Oil Companies (IOCs) did not refuse to sell crude oil to the…
Oando seals assets acquisition deal with Agip
The Federal Government announced the completion of oil asset transactions including the Nigerian Agip Oil Company, NAOC, and Oando, as well as…
NUPRC deploys fund managers for Host Community Trust Funds
The Nigerian Upstream Petroleum Regulatory Commission stated it had identified 31 competent fund managers to invest 20% of the 3% yearly funds…
Nigeria produced 159m barrels of oil in four months – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has revealed that Nigeria produced 159,158,191 barrels of crude oil in the first four months of…
NUPRC assures investors of presidential backing for oil blocks
The Nigerian Upstream Petroleum Regulatory Commission said it has received presidential approval to remove all entry barriers to the licensing round including…
NUPRC starts bidding round for 12 oil blocks
The Nigerian Upstream Petroleum Regulatory Commission has opened the bidding process for 12 oil blocks which are currently placed up for sale.…
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…
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.…