The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is actively consulting with industry stakeholders on a proposed domestic crude oil and gas swap mechanism designed to reduce costs and enhance product availability across the country. Commission Chief Executive Mrs Oritsemeyiwa Eyesan revealed the initiative on Thursday during a courtesy visit to the Nigerian Midstream …
Nigeria has maintained its oil production momentum for the third consecutive month, surpassing its Organization of Petroleum Exporting Countries, OPEC, quota despite a 4 per cent month-on-month decline in July 2026. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the country produced an average of 1.505 million barrels per day …
Commission warns public against fake, AI-generated employment letters as fraudsters exploit job seekers The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised the alarm over a recruitment scam involving fake and artificial intelligence (AI)-generated employment letters being circulated in the name of the Commission. In a press statement issued on Tuesday by Eniola Akinkuotu, …
Dangote Refinery Absorbs 52.6 Million Barrels representing 78% of what was offered by crude producers. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released its second-quarter (Q2) 2026 report on the enforcement of the Domestic Crude Supply Obligation (DCSO), revealing an impressive 97.4% overall compliance rate as local refineries received 53.7 million barrels of …
Nigeria is set to attract between $30 billion and $50 billion in investment from 22 major offshore oil and gas projects scheduled to launch between 2026 and 2030. The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, stated this in Lagos on Wednesday, August 5, 2026, at the Society of Petroleum Engineers’ Nigeria Annual International Conference …
The Senate Committee on Public Accounts has given the Central Bank of Nigeria (CBN), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Niger Delta Development Commission (NDDC), the Nigeria Extractive Industries Transparency Initiative (NEITI), and other defaulting agencies 72 hours to appear before it over their failure to honour invitations to a public hearing on …
Leaders and key stakeholders in Nigeria's oil and gas industry have called for deeper collaboration among operators, regulators, investors, and financiers to build a resilient energy sector capable of weathering global disruptions. The appeal came during the 49th Society of Petroleum Engineers (SPE) Nigeria Annual International Conference & Exhibition (NAICE) 2026, held in Lagos on …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a Gas Swap Framework in a bid to close Nigeria’s domestic gas supply gap. This comes as Nigeria's average Domestic Gas Delivery Obligation (DGDO) performance has risen to 2.05 billion cubic feet (Bcf) daily, year-to-date ending June 2026. The Commission Chief Executive of the Nigerian Upstream Petroleum …
In a shift from traditional oversight, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the nation’s ambitious oil production targets will not be met through merely issuing regulations, but through active partnership with the industry players. At a three-day leadership retreat held at the Isimi Resort in Epe, Lagos, the NUPRC unveiled a …
Thirty one companies have emerged winners in the Nigerian Upstream Petroleum Regulatory Commission's (NUPRC) 2025 Licensing Round, with frontier basins capturing unprecedented investor attention for the first time in the nation's oil and gas history. The keenly contested bidding process, which concluded at the Transcorp Event Center in Abuja on Tuesday, saw 143 companies submit …
