The Nigerian Upstream Petroleum Regulatory Commission is exploring all available options to ensure Nigeria meets its 40 billion barrels oil reserve and three million barrels per day production targets and ultimately boost the nation’s revenue and overall economy, Peter Uzoho writes Oil price is on its way to the $100 per barrel mark projected by some analysts, as it traded at $95 per ...

L-R: Mr.Richard Laing, Chairman/Managing Director, ExxonMobil Nigeria, Engineer Gbenga Komolafe, Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Doyin Adelabu, ExxonMobil during the visit of ExxonMobil Chairman to the Commission Chief Executive in Abuja on Tuesday.

  Photonews: The President, Nigerian Association for Energy Economics (NAEE) Prof. Yinka Omorogbe and the Executive Council visited the Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe in his office. The visit was to acquaint the CCE of the activities of the Association for the year and to seek collaboration with NUPRC toward...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked marginal oil field awarded to 33 companies for failing to meet the 45 days deadline required to pay the signature bonus for the fields. Giving an update on the award process at a meeting with the awardees in Abuja, yesterday, the Chief Executive of Officer of NUPRC, Engr. Gbenga Komolafe said of the 161 companies ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to close out the 2020 marginal field bid round programme in line with the Petroleum Industry Act 2021 (PIA). This follows the successful completion of the marginal oilfield bid earlier in the year and the issuance of award letters to successful investors. This was made known in a statement issued by t...