The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has taken significant steps to boost the country's oil production, approving a major new exploration license while also streamlining the process for bringing idle wells back online. The Commission signed a Petroleum Exploration Licence (PEL) No. 5 agreement with a partnership led by SeaSeisGeophysical Limited and global data company TGS. According …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is conducting an investigation into the gas bubbling incident within the OML 18 area in Bille Community, Rivers State. It urged residents to remain calm and await the outcome of the findings. The Commission empathised with the community and acknowledged the concerns that the unfortunate development …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the completion of the pre-qualification stage of the 2025 Licensing Round and shortlisted bidders for the 50 oil blocks offered by the Commission. It said it has notified successful pre-qualified applicants. NUPRC made this known in a statement released on Tuesday, March 17, signed by the …
Nigeria’s oil sector faced a significant gross oil revenue shortfall of approximately ₦24.47 trillion over the 2024 and 2025 fiscal years, Pinnacle Daily’s analysis has shown. This gap stems from the disparity between the ambitious revenue projections set in the national budgets of 2024 and 2025 and the actual receipts collected by the federation. The …
President Bola Tinubu, on Thursday, presided over a meeting that led to the resolution of a dispute between the Nigerian government, multinational oil giant ENI, and the Nigerian Agip Exploration Limited (NAEL) on the Prospecting Licence (OPL) 245. The resolution was sealed with a historic settlement agreement between the Federal Government, ENI, and Agip. According …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that registration and submission of applications for pre-qualification for the Nigeria 2025 Licensing Round will close on Friday, February 27, 2026. The Commission made this known in an update shared via its X handle on Wednesday. According to the statement, NUPRC said the portal for the …
While the world moves toward green energy in line with the energy Transition agenda, oil and gas resources remain vital to Africa’s development, says Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan. Mrs Eyesan highlighted the strategic role of hydrocarbons in Africa’s future, while pursuing just energy agenda. The NUPRC …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reassured its commitment to transparency and adoption of merit-based procedures for the emergence of winners of oil and gas blocks in the ongoing 2025 licensing bid round. This was part of the message from the Commission during the 2025 Licensing Round Pre-Bid Webinar held on Wednesday, January …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has paid tribute to the late former president of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Uche Marcus Okoro, hailing his leadership qualities and dedication to the plight of Nigerian oil workers. Comrade Okoro was one of the passengers who died in the …
Nigeria’s oil production (including crude oil and condensate) dropped to 1.544 million barrels per day (bpd) in December from 1.599 million bpd in November. This reflects a 3.44 per cent decline on a month-on-month basis. This was revealed in the latest Crude Oil and Condensate data 2025 released by the Nigerian Upstream Petroleum Regulatory Commission …
