03 May 2024

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...

30 Apr 2024

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 ...

29 Apr 2024

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...

24 Apr 2024

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...

22 Apr 2024

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...

16 Apr 2024

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...

01 Mar 2024

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...