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...

The 2024 Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum kicked off in Abuja on Thursday, March 28, 2024, with the theme: "Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation, and Security," The pivotal event brought together prominent stakeholders from Nigeria's oil and gas industry who are united in their mission to assess...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has instructed its enforcement committee to develop a template for the seamless implementation of the Domestic Crude Oil Supply Obligation (DCSO) within 48 hours. This directive was given by the Commission Chief Executive, Engr Gbenga Komolafe, at a meeting to review the DCSO, as provided in Section 109 (2) of the Petroleum...

In a bid to revitalise Nigeria's oil and gas industry, stakeholders convened at the annual sector retreat to deliberate on strategies aimed at fostering synergy for enhanced development.   Government agencies and private companies are poised to collaborate, pooling resources and expertise for joint investment in infrastructure development, exploration, and production activitie...

The Nigerian Upstream Petroleum Regulatory Commission and New Energy Transfer Group(NET) Poland have forged a promising avenue for collaboration aimed at advancing research, promoting sustainable energy solutions, and addressing environmental challenges on a global scale. This collaboration marks a significant moment not only for Nigeria but also for the international community. Th...

A 3-DAY PARLEY BETWEEN NUPRC AND GGGI ON NGFCP IMPLEMENTATION AND PROJECT EXECUTION In an effort to drive the successful implementation of the NGFCP and expand financing options for Awardees, the NUPRC is deepening collaboration and partnerships with development agencies and multi-lateral institutions such as the Global Green Growth Institute (GGGI) - A South Korean Government Funded...