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 …
The new leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has pledged its commitment to work with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to achieve the nation's ambitious target of producing 3 million barrels of oil per day by 2030. This promise of a new era of industrial harmony …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a deadline to 31 companies that won bids for 37 oil and gas blocks in the 2025 Licensing Round, warning that failure to pay signature bonuses on time will result in the immediate forfeiture of their provisional awards. In an official compliance update, the regulator confirmed …
A new executive order signed by President Bola Tinubu is set to unlock an additional one million barrels per day (mbpd) of crude oil and condensate from Nigeria’s deep offshore fields, alongside $50 billion in investments, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Engineer Enorense Amadasu, NUPRC’s Executive Commissioner for Development and Production, …
