The Federal Government has called for sustained investment in Nigeria’s oil and gas industry, identifying policy stability, regulatory certainty, security and faster project execution as critical to keeping the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made the call on Thursday at the 2026 …
Nigeria and Indonesia are deepening cooperation in the energy sector, with Indonesia’s state-owned oil company, Pertamina, signalling interest in investment opportunities under Nigeria’s 2026 upstream licensing round. The development followed discussions between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Mrs. Oritsemeyiwa Eyesan; Indonesia’s Vice Minister of Foreign Affairs, Arif Havas Oegroseno; and Pertamina’s …
The Commission gives idle oil licence holders October 31 deadline to clarify work impediments or face revocation The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to enforce the “Drill-or-Drop” provisions of the Petroleum Industry Act (PIA) 2021 by revoking licences awarded for oil exploration that have remained dormant and failed to meet …
Nigeria’s crude oil and condensate production rose marginally to 1.68 million barrels per day (mbpd) in August 2026, as improved operations at key assets helped the country sustain its recent production gains. According to a statement signed by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Eniola Akinkuotu, the August output of 1,677,777 …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that companies awarded flare gas sites under the Nigerian Gas Flare Commercialisation Programme (NGFCP) risk losing their permits if they fail to make meaningful progress in developing the sites. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, issued the warning on Tuesday in Abuja during a working …
Nigeria plans to hold at least one oil licensing round every year, with the possibility of twice-yearly auctions, as the Federal Government steps up efforts to revive upstream activity and raise crude production to three million barrels per day by 2030. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, …
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has called on the Federal Government to adopt urgent measures to improve the supply of crude oil to domestic refineries on commercially sustainable terms, warning that inadequate feedstock could undermine Nigeria’s refining ambitions. CORAN made the call in a position paper titled “Position Paper on the …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the Federal Government retains the $300 helicopter levy for air navigational services. In a circular signed by the Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, the NUPRC confirmed that the $300 helicopter levy remains payable to the Nigerian Airspace Management Agency (NAMA). The Commission said the …
As Nigeria pushes to end the persistent shortage of crude oil feedstock for domestic refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recently announced moves to deepen the implementation of a crude oil and gas swap mechanism to increase supply and boost local refining capacity. The initiative is designed to address what many industry stakeholders …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the mandatory 3% Operating Expenditure (OPEX) contribution by oil and gas companies to Host Communities Development Trusts (HCDTs) is yielding significant dividends—enhancing both peace and crude oil production across oil-producing areas. Speaking during a meeting with the leadership of the Revenue Mobilisation Allocation and Fiscal …
