The Independent Newspaper Award ceremony, held on Saturday, May 4th, 2024, at the Eko Hotel & Suites in Victoria Island, Lagos, witnessed a momentous occasion as the Nigerian Upstream Petroleum Regulatory Commission was honored with the award of "Regulator of the Year." The award was bestowed upon the Commission in recognition of its outstanding contributions and unwavering commit...

In a bid to foster transparency and efficiency in Nigeria's oil and gas sector, Engr. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), spearheaded an industry dialogue focused on divestment. The dialogue, which centered on the divestment framework initiative, attracted key stakeholders within the oil and gas industry. Emphasizin...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is committed to the promotion of transparency, good governance, and accountability in the administration of Nigeria's petroleum resources, a key objective outlined in the Petroleum Industry Act, 2021. The Commission Chief Executive (CCE) Engr. Gbenga Komolafe who restated this at the first edition of the Nigeria Extractive ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) organized a due diligence workshop wherein interested parties discussed the planned disposal of Shell Petroleum Development Company of Nigeria Limited (SPDC)'s participating interests in the SPDC JV Assets. The sale of the petroleum assets to Renaissance Africa Energy Company Limited (Renaissance) represents a noteworthy st...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) soared to victory at the 19th Nigeria Oil and Gas Industry Games (NOGIG 2024), held at the Moshood Abiola Stadium Abuja. NUPRC's athletes delivered stellar performances, securing medals across multiple disciplines. Yakubu Mahmud demonstrated his prowess in the Badminton Men's Veteran category, claiming the Silver Medal. Joi...

As Nigeria charts a course towards energy security and economic prosperity, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, solidified the nation's commitment to its oil and gas sector by signing the Consolidated Fiscal Incentives Guideline IN Abuja on Tuesday, April 23, 2024. This strategic move underscores the government's determination to bolster prod...

The bustling capital city of Nigeria, Abuja, plays host to the much anticipated 2024 Nigeria Oil and Gas Industry Games (NOGIG), with thirteen prominent agencies and companies from the industry vying for top honors. Among the notable participants is the Nigerian Upstream Petroleum Regulatory Commission(NUPRC),the premier regulatory body in the Nigerian Upstream Oil sector. Eager to...

NUPRC SEEK FOR COLLABORATION TOWARDS FOR A SUSTAINABLE AND PROFITABLE ENERGY SECTOR @ 2024 NGFCP INVESTORS FORUM

The latest figures on Nigeria's crude Oil and Gas reserves have been released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The Commission's Chief Executive, Engr Gbenga Komolafe, gave the breakdown on Monday during a press briefing at the Commission's Headquarters in Abuja. Engr Komolafe revealed that as of January 1, 2024, the combined reserves of Crude Oil an...