NUPRC Reports Sharp Decline in Nigeria’s Crude Oil Losses to 9,600 Barrels Daily
NUPRC reports Daily oil losses drop to lowest in 16 years. It credits reforms under Petroleum Industry Act. Losses fall 94% from peak levels in 2021. Nigerian Upstream Petroleum Regulatory…
FG Grants 42 Gas Flare Commercialisation Licences
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted 42 firms gas flaring licenses in the 2022 Nigerian Gas Flare Commercialisation Programme auction process. The successful 42 winners emerged out…
FG Withdraws Five Oil Blocks from 2024 Bid Round Over Legal Disputes
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has withdrawn five oil blocks from the 2024 licensing round due to legal disputes. The affected blocks are PPL3008, PPL3009, PML51, PPL267,…
FG Blocks Shell’s $1.3bn Sale of Oil Assets to Renaissance Group
The Federal Government of Nigeria has officially rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to the Renaissance Group, according to reports from the Nigerian Upstream Petroleum Regulatory…
NUPRC Announces 2025 Oil Licensing Bid Round
The Nigerian Upstream Petroleum Regulatory Commission has announced plans to launch another oil licensing bid round in 2025. This decision was made public by the Chief Executive of NUPRC, Gbenga…