KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …
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NUPRC
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has commenced an investigation into a gas bubbling incident reported in the Bille community of Rivers State, raising concerns over public …
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In the NewsOil & Gas
NUPRC Shortlists Bidders for 2025 Oil Blocks, Advances to Competitive Licensing Phase
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has officially shortlisted bidders for Nigeria’s 2025 oil and gas licensing round, marking a critical transition from pre-qualification screening to the …
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KEY POINTS The Nigerian Senate has officially confirmed former Rivers South-East senator, Magnus Abe, as the Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Abe’s confirmation …
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In the NewsOil & Gas
NUPRC Declares End to Era of Dormant Oil Licences as ‘Drill or Drop’ Rule Takes Effect
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced that the long-standing practice of oil companies holding petroleum licences without developing the associated assets has effectively come to …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission has supervised the official transfer of the OLO Oilfield Host Community Development Trust from TotalEnergies Marketing Nigeria Plc to Aradel Holdings, marking …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to institutional transparency with a pledge to fully digitise internal communications within 60 days, a move the …
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In the NewsOil & Gas
NUPRC Calls on Global Investors to Tap Nigeria’s 2025 Oil and Gas Licensing Opportunities
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …
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In the NewsOil & Gas
NUPRC, NNPC Pledge Deeper Partnership to Cut Costs and Improve Efficiency in Oil and Gas Sector
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigerian National Petroleum Company Limited, (NNPC) have agreed to strengthen collaboration to enhance operational efficiency across Nigeria’s oil and …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is intensifying efforts to unlock Nigeria’s numerous stranded gas fields, aiming to expand the country’s gas reserves and boost energy security. …