The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday met with Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS), the groups that form the core of companies drilling oil in Nigeria, as part of efforts to halt the massive oil theft in the counDescribing the phenomenon as a national disaster, the Chief Executive of the commission, Mr....

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Chief Executive Officer (CEO), Gbenga Komolafe, has said despite the global energy transition due to net-zero carbon emission, various opportunities still abound in Nigeria’s petroleum industry. According to him, the Commission is poised to fast track the opportunities by putting in place the parameters that would accelera...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is upgrading and deploying the National Production Monitoring System (NPMS) facility toward curbing crude oil theft in Nigeria. Mr Gbenga Komolafe, Chief Executive, NUPRC, spoke recently in Abuja on efforts by the commission to address the menace of crude oil theft. Komolafe said the deployment of NPMS, which is ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stressed that an abundance of opportunities still remained to be harnessed in the country’s oil and gas sector despite the current global energy transition to net-zero carbon emission. The NUPRC stated that it would drive the exploitation of these opportunities by addressing key issues that would facilitate growth, stab...

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has said that the goal of the global change to move completely away from fossil fuels has its implications. The Chief Executive, NUPRC, Gbenga Komolafe, said this on Thursday in Abuja at the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transi...

The Nigerian Upstream Petroleum Resources Commission (NUPRC) is considering collaboration with key government agencies to fight crude oil theft in Nigeria. On the average, Nigeria Extractive Industries Transparency Initiative (NEITI) indicated that in 2019 alone, Nigeria lost 42.25 million barrels of crude oil to theft. The product is valued at $2.77 billion. While the country is a...

Stakeholders in Nigeria’s oil and gas industry have been charged to deploy new technologies to leverage big data in order to optimize hydrocarbon recoveries and achieve maximum returns investments. The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, made the call at this year’s Nigeria International Energy Summit (NIES), in Abuja...

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) says the goal of the global change to move completely away from fossil fuels has its implications. Mr Gbenga Komolafe, the Chief Executive, NUPRC, said this on Thursday in Abuja at the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition.”...