Nigeria continues to dominate as Africa's largest producer of Crude Oil, boasting proven reserves of 37.50 billion barrels and a production capacity of approximately 2.19 million barrels per day (mbpd). These were the words of the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, at the House of Representatives Special Committe...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled two projects aimed at enhancing transparency and regulatory oversight in the upstream sector of the nation's oil and gas industry. These initiatives underscore NUPRC's commitment to its mandate as both a technical and commercial regulator. The launch follows recent approval by the Federal Executive Council. ...

Wale Oyetoran, Country Manager for TGS Nigeria, visited the headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja to inform the Commission's Chief Executive, Engr. Gbenga Komolafe, of the merger between TGS and PGS. Effective from Monday, July 1st, 2024, the merger aims to enhance data capabilities, provide cutting-edge data acquisition technology, and...

The Federal Government and Crude Oil Producers in the country have committed to a sustainable supply of crude oil to Nigerian refineries under a market determined pricing system. The producers under the aegis of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce Industry (LCCI) at the instance of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) agreed...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is strengthening its partnership with USAID Power Africa to advance energy transition and environmental decarbonization efforts. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, welcomed a delegation from USAID Power Africa to the NUPRC headquarters in Jabi, Abuja. During ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have pledged to intensify their efforts towards enhancing transparency in Nigeria's hydrocarbon sector. This formed highlights of discussion during the visit of the ICPC's management to NUPRC's Headquarters in jabi Abuja on Thursday. The v...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a strategic partnership with an Argentinian Tech Company, Galileo towards reduction of Gas flaring within the Nigerian Oil and Gas Industry. The collaboration aims to leverage on innovative modular technology to support the Nigerian Gas Flare Commercialization Program (NGFCP). Accompanied by the Argentinian...

The Commission Chief Executive of the Nigerian Upstream Regulatory Commission, Engr. Gbenga Komolafe, has outlined initiatives and strategies aimed at boosting investment, optimizing production, and enhancing transparency to position Nigeria as a significant player in the global energy landscape. This was during his presentation on "Deep-Water Exploration and Production in Nigeria" at t...

Regulators in the African oil and gas industry under the auspices of the African Petroleum Regulators Forum (AFRIPERF) have, on the sidelines of the 2024 Nigeria Oil and Gas (NOG) week, introduced a six-point charter that aims to promote investment and economic development in the petroleum sector across Africa. Tagged the "Abuja Declaration," the charter seeks to promote collaboration...