NUPRC
21 Nov
Nigeria and other oil and gas-producing countries in Africa may face serious economic problems in 2024 as the African Energy Chamber (AEC) projects a drastic reduction in the continent’s crude oil production.
18 Nov
The Host Communities of Nigeria Producing oil and Gas (HOSTCOM) has explained the role of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in the implementation of the Petroleum Industrial Act (PIA) amid infighting among host communities over the commission’s involvement.
16 Nov
The Nigeria National Petroleum Company Limited (NNPCL) said currency volatility remains a major obstacle to investment, stressing that exchange rate fluctuation casts uncertainty over potential returns.
9 Nov
Two years after signing the Petroleum Industry Act (PIA), the projected gains for Nigeria’s oil and gas sector and by extension the economy, have remained elusive. Instead of acting as the gamechanger with the capacity to introduce best global standards in governance......
4 Nov
The Crude Oil Refineries-owners Association of Nigeria (CORAN) has lauded the move by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over what it described as a decision by the NUPRC...
2 Nov
• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local…
28 Oct
National President, Host Communities of Nigeria Producing Oil and Gas (HostCom), Dr. Benjamin Tamaranebi, yesterday, in Abuja, said funding for HostComply, an application being set up by the Nigerian Upstream Petroleum Regulatory Commission...
26 Oct
The Hon. Justice Inyang Ekwo of the Federal High Court sitting in Abuja has dismissed a lawsuit brought by Exxon Mobil Producing Nigeria Unlimited against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
26 Oct
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has denied any attempt to shrink the three per cent host community fund in the Petroleum Industry Act (PIA).
25 Oct
The wasteful management of Nigeria’s refineries, especially the N11.35 trillion Turn Around Maintenance (TAM) cost and another N1.6 trillion loss incurred on the moribund assets, which is now being rehabilitated for $2.2 billion is generating fresh concerns on the floor of the Senate.
24 Oct
The dilly-dallying of the Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the proposed alteration of critical aspects of the host community fragment of the Petroleum Industry Act (PIA), may, in the coming days, create fresh hostility against the government and oil companies in the Niger Delta amidst Nigeria’s troubled oil production.
16 Oct 2023
NIGERIAN Upstream Petroleum Regulatory Commission (NUPRC), led by Gbenga Komolafe, recently granted RusselSmith approval to deploy its industrial non-metallic additive manufacturing solution in the Nigerian oil and gas industry. Speaking on the approval, RusselSmith’s Chief Executive Officer (CEO), Kayode Adeleke, said: “This is a new milestone in the Nigerian energy sector, and we are excited…