The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has noted that gas demand in Nigeria is growing rapidly, outpacing supply, with demand expected to increase at a compound annual growth rate of 16.6% by 2030. There is also the possibility of a 3.1 billion cubic feet per day shortfall in supply. The CCE made this ind...

In line with Section 216 (1) of the PIA 2021, which requires the Commission to consult with stakeholders prior to finalising regulations or amendments to regulations, all stakeholders are hereby invited to attend the consultation forum on the following draft regulations: i. Amendment to the Upstream Decommissioning and Abandonment Regulations 2023 ii. National Data Reposito...

The attention of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been drawn to a publication in the BusinessDay of September 11, 2024, purporting that the Commission has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3 billion. It must be firmly stated that the information contained in the publication did no...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken a significant step towards enhancing its operational efficiency by promoting the adoption of Microsoft technologies. In a bid to drive innovation, change management and technology adoption, the Commission, in partnership with Signal Alliance Technology Holding (SATH), has embarked on a comprehensive In-house train...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken a transformative step in dispute resolution for the upstream oil and gas industry with the inauguration of the Alternative Dispute Resolution Centre's Body of Neutrals. This initiative aims to provide quality, cost-effective, and efficient alternatives to traditional litigation in dispute resolution within the oil...

The Managing Director of ExxonMobil, Shane Harris, and the CEO of Seplat Energy, Roger Brown, paid a courtesy visit to the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe. This visit highlights the commitment of both ExxonMobil and Seplat Energy to working closely with regulatory authorities to ensure compliance, foste...

The NUPRC Chief Executive, Engr. Gbenga Komolafe FNSE, OFR on Friday 16thAugust 2024 visited Offshore Energies UK (OEUK) and the National Decommissioning Centre (NDC) in Aberdeen as part of efforts to establish relationships and adopt best practices for Decommissioning and Abandonment in Nigeria’s oil and gas industry. This aligns with the Commission's objective to set international stan...

The third edition of the PENGASSAN Annual Energy and Labour Summit 2024 has commenced in Abuja. The summit is an avenue for industry leaders, government officials and stakeholders to discuss the future of Nigeria’s oil and gas sector. Under the theme "The Future of Nigeria’s Oil and Gas Industry: Energy Mix, Energy Security, Artificial Intelligence, Divestment and Crude Oil Theft," th...