The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially revoked the operational licence of the Oritsemeyin drilling rig in the aftermath of a recent incident at the UDIBE-2 well site. The move comes as part of the Commission’s firm stance on safety compliance and operational accountability in Nigeria’s upstream oil and gas sector. According to
August 6, 2025 — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reiterated its strategic commitment to building a resilient and sustainable upstream energy sector in Nigeria, as it took center stage at the 2025 Nigerian Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition (NAICE) held in Lagos. Delivering a keynote address at
Abuja, Nigeria – July, 2025 The Nigerian oil and gas industry has secured a total investment commitment of $16 billion over the past two years, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This milestone reflects growing investor confidence in the country’s energy sector despite global uncertainties and domestic challenges. NUPRC Chief Executive, Gbenga
Abuja – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to begin the tracking of all crude oil cargoes leaving the country, in a move aimed at curbing oil theft, improving transparency, and safeguarding the nation’s most critical revenue source. The Commission made this disclosure on Thursday, stating that the initiative is part
In a significant move to bolster economic cooperation and transparency, the Ministry of Petroleum Resources, alongside three key agencies under its supervision, recently participated in the International Monetary Fund’s (IMF) Article IV Consultation in Nigeria. The agencies involved were the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA),
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant update on Nigeria’s hydrocarbon reserves, revealing that the country’s crude oil and condensate reserves now stand at a combined total of 37.28 billion barrels. This figure includes 31.44 billion barrels of crude oil and 5.84 billion barrels of condensate. Additionally, Nigeria’s natural gas reserves
