ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development. This significant financial commitment, which will be implemented between Q2, 2025 - 2027 focuses on revitalizing production in the Usan deepwater oil field. The company proposed FID in late Q3 2025 subject to final Fie...

Petroleum industry regulators on the African continent, under the auspices of the African Petroleum Regulators Forum (AFRIPERF), have brought to the fore an agenda for cooperation, investment, and economic development in the African petroleum sector. The forum, during its third meeting held virtually and attended by 17 member nations, was chaired by the interim chairman, the Commissio...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), through its Exploration and Acreage Management Department, convened an industry wide stakeholder meeting to advance its Deep Play Exploration Drilling initiative. Aimed at proposing an incentive based framework, the meeting seeks to encourage deeper hydrocarbon exploration efforts in a bid to unlock untapped reserves and s...

The Managing Director of United Bank for Africa (UBA), Oliver Alawuba and his counterpart from Ecobank, Bolaji Lawal paid a courtesy visit to the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, at his office. The visit aimed to foster collaboration between the oil and gas sector and the financial services industry, wi...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Alternative Dispute Resolution Centre (ADRC) successfully hosted a two-day Refresher Training Workshop for its Body of Neutrals. Organized in partnership with Capehouse Consulting International Limited and The Dispute Solution Hub Limited (TDSH), the workshop aimed to reinforce the expertise, ethical standards, and procedur...

he Department of Development and Production of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has convened a strategic engagement with key industry stakeholders in its quest to tackle financial and rig supply challenges facing Nigeria’s Upstream Oil and Gas sector. The engagement brought together operators, rig owners, service providers, financiers, and regulatory exper...

The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has emphasized the critical need to balance climate action with economic realities. This was contained in his address at the Decarbonisation and Energy Sustainability Forum (DESF) held in Abuja. With the theme, Navigating the Global Energy Transition, Leveraging De...

The Chairman of the House of Representatives Committee on Nigeria-China Relationship, Honourable Jaafaru Yakubu, led members of the committee on a strategic visit to the Headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The visit according to Honourable jaafar, was to brief the management of NUPRC on ongoing efforts by the Federal Government to enhance tra...

The future of Nigeria’s upstream oil and gas sector is set for unprecedented growth, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) unveils a roadmap focused on investment, sustainability, and regulatory efficiency. Speaking at the 2025 Nigeria International Energy Summit (NIES), The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission(...