NUPRC
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Featured
NUPRC secures over N60bn, $100m for host community development
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has successfully secured over N60 billion and 100 million dollars for the oil and gas host community development trust fund. Gbenga Komolafe, Commission Chief Executive of NUPRC, disclosed this during the inauguration of the Body of Neutrals at the Upstream Alternative Dispute Resolution (ADR) Centre in Lagos. Komolafe emphasised the commission’s…
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Featured
NUPRC calls for more resolution centres in oil, gas industry
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has advocated the establishment of more Alternative Dispute Resolution Centre (ADRC) within the upstream oil and gas sector in oil-producing regions. Mr Gbenga Komolafe, Commission Chief Executive, NUPRC, made the call on Thursday during a Stakeholders’ Engagement and Consultation session on the Draft Rules of Procedure for the ADRC in Lagos. Komolafe was…
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Featured
NUPRC directs refiners to provide monthly price quote on crude
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has directed oil refiners in the country to provide monthly price quote on crude supply. The NUPRC directed producers and refiners to provide the commission with cargo price quotes on crude supply and delivery for effective monitoring and regulation of transactions among parties. The NUPRC gave this directive at a meeting with the…
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Featured
Oil block Licencing: NUPRC extends deadline for pre-qualification documents submission
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the extension of the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC, announced the extension in a statement issued on Wednesday. Komolafe said the registration and submission of pre-qualification documents which was initially scheduled to…
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economy
Experts call on FG to invest more in crude oil production
Some financial experts have urged the Federal Government to invest more in increased crude oil production and end oil theft as panaceas to achieve the 2.5 million barrel target. The experts said this in separate interviews with the News Agency of Nigeria (NAN) on Monday in Lagos. They said this against the backdrop that the Nigerian government has announced a…
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science
Cleaning of tank farms using microorganisms 100% perfect than chemicals – NABDA D-G
Prof. Abdullahi Mustapha, the Director-General of the National Biotechnology Development Agency (NABDA), says the use of microorganisms to clean oil terminals known as tank farms is 100 percent better than using conventional chemicals. Mustapha told the News Agency of Nigeria (NAN) in Abuja on Sunday that after cleaning tank farms with chemicals, the crude would no longer be of use…
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Politics
Reps summon NNPC, NPA, NIMASA others over PPPs, concessions
The House of Representatives has summoned the Chief Executive Officers of Nigerian National Petroleum Company (NNPC) Ltd. and the Nigerian Port Authority (NPA) over the management of public-private partnerships, PPPs, and concessions since 1999. The House of Representatives joint committee on public assets and special duties summoned the CEO during an investigative hearing on PPPs and concessions in Abuja. Also…
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OIL&GAS
NIES: Oilserv, Seplat, others advocate technology adoption to close infrastructural gap
Some gas stakeholders have advocated the adoption of technologies and access to finance to spur infrastructural development and gas delivery in the country. The stakeholders spoke on Thursday in Abuja at the ongoing 7th edition of the Nigeria International Energy Summit (NIES 2024). The summit, which has the theme “Navigating the New Energy World Order: Security, Transition, and Finance,” is…
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Africa
S4C, Ford Foundation inaugurate transitioning report to tackle host communities’ issues
Spaces for Change (S4C), with support from the Ford Foundation, inaugurated a report on Wednesday to avert a crisis between oil-producing companies and their host communities across the Niger Delta region. The report titled “Transitioning from GMOU to HCDT: Wins, Challenges, and Further Actions,” which was endorsed by the House of Representatives Committee on Host Communities, was inaugurated in Abuja.…
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NEWS
NUPRC Initiates Relocation of Departments to Lagos
Abuja, February 15, 2024: The Nigerian Upstream Regulatory Commission (NUPRC) has commenced the process of relocating certain departments from Abuja to Lagos, three years after its headquarters were transferred to the nation’s capital. Formerly known as the Department of Petroleum Resources, the NUPRC plays a crucial role in monitoring the oil and gas industry, ensuring compliance with relevant regulations and…
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economy
Reps question NUPRC over dwindling revenue in signature bonuses
Abuja, Nov. 27, 2023 (NAN) The House of Representatives quizzed the management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday over dwindling revenues accruing from signature bonuses. The Chairman of the House Committee on Finance, Rep. James Faleke, discovered this at the interactive session with revenue-generating agencies in Abuja He said the document submitted before the committee showed…
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Featured
Flood: NUPRC donates food, non-food items to Imo communities
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has donated food and non-food items to some oil producing communities affected by flood disaster in Imo. The Chief Executive Officer of the commission, Mr Gbenga Komolafe who spoke at the presentation of the items in Owerri on Thursday, said the gesture was part of its corporate social responsibility. Represented by the Coordinator,…
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Featured
Why we can’t respond to non-remittance of funds by defunct PEF – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the activities of the defunct Petroleum Equalization Fund (PEF) do not fall under the operational purview of the commission. Mr. Gbenga Komolafe, the Chief Executive Officer, NUPRC, made the clarification in a statement issued on Friday in Lagos. Komolafe said the commission would, therefore, not respond to allegations of non-remittance of funds…
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Featured
NUPRC says synergy among stakeholders critical to achieving objectives of PIA
The Nigerian Upstream Regulatory Commission ( NUPRC) says synergy and collaboration among stakeholders in the oil and gas sector is critical to achieving the objectives of the Petroleum Industry Act (PIA). Mr. Gbenga Komolafe, Chief Executive Officer, NUPRC, made the assertion in a statement issued on Wednesday in Lagos. Komolafe said the Commission was one of the petroleum regulatory agencies…
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Featured
NUPRC boss seeks strategies for sustainability of Nigerian content in oil, gas sector
Mr Gbenga Komolafe, Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has called for the development of strategies for sustainability of Nigerian content policies in the oil and gas sector. The News Agency of Nigeria (NAN) reports that Komolafe spoke on Tuesday at the ongoing 10th Practical Nigerian Content 2021 Conference in Yenagoa. The conference, organised by the Nigerian…
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NEWS
NUPRC to support NGEP for improvement of domestic gas utilisation
The Nigerian Upstream Petroleum Regulatory Commission ( NUPRC) has promised to support the Nigerian Gas Expansion Programme (NGEP) to improve domestic utilization of gas for power, industrialization and deepen LPG penetration. The Commission Chief Executive (CCE), Mr. Gbenga Komolafe stated this when NGEP Chairman, Dr. Mohammed Ibrahim visited him in his office in Abuja on Monday. Komolafe, in a statement…
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NEWS
NUPRC partners PwC on petroleum upstream regulation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has expressed its readiness to collaborate with PricewaterhouseCoopers (PwC) in its quest to develop a 21st century Upstream regulator for Nigerian oil and gas industry. The Commission Chief Executive, Mr. Gbenga Komolafe, stated this when the management team of PwC visited him in his office in Abuja. Komolafe, in a statement by Mr.…
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