THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has approved $510 million Sales Purchase Agreement (SPA) by TotalEnergies Exploration and Production Nigeria Ltd. This agreement allows the transfer of TotalEnergies’ entire 12.5 per cent contractor interest in Oil Mining Lease (OML) 118 to Shell Nigeria Exploration and Production Company (SNEPco), and …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s competitive reform agenda has delivered 28 Field Development Plans (FDPs) with 18.2 billion dollars worth of investment commitments. The Commission Chief Executive, Mr Gbenga Komolafe disclosed these on Tuesday at the Africa Oil Week, held in Accra, Ghana. Komolafe in a …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has restated its commitment to driving innovation in oil and gas through emerging technologies and sustainable practices. Mr Gbenga Komolafe, Chief Executive of NUPRC, said this on Monday in Lagos while delivering a goodwill message at the 48th Nigeria Annual International Conference and …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its gas-centric transition strategy aims to eliminate routine flaring by 2030, and reduce methane by 60 per cent by 2031. The commission’s Chief Executive, Gbenga Komolafe, made this known on Wednesday at the ongoing 24th Nigeria Oil and Gas (NOG) Energy Week …
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[Press Release] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant progress in attracting investments in Nigeria’s upstream oil and gas sector, as showcased at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit, which held in Lagos during the week. This landmark event brought together top government …
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…Rebuts report on expiration of 40 oil block licences THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly stated that no violations of oil licensing guidelines occurred during the 2024 Oil Block Licensing Round, refuting recent allegations made in an online newspaper that suggested otherwise. The Commission clarified that the …
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THE Nigerian Upstream Petroleum Regulatory Commission (NUPRC), along with major stakeholders in the country’s oil and gas sector, met in Abuja, on Wednesday, to discuss and fine-tune issues related to domestic crude supply obligations between producers and refiners. The meeting aimed to enhance Nigeria’s energy security. The gathering, which has …
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Contrary to reports in a section of the media that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3bn, investigations have revealed that the Commission has not approved the transaction. There had been …
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THERE are indications that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the regulator of Nigeria’s upstream oil sector, is not responsible for the alleged delay in granting consent to the sale of $1.3 billion of ExxonMobil’s 40 percent stake in Mobil Producing Nigeria Unlimited, MPNU’s assets, to Seplat Energy Plc. …
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