The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reiterated its dedication to transparent process for the 2025 Oil Bid Round. Speaking at a Pre-Bid Webinar in Abuja on Wednesday, NUPRC Chief Executive Mrs Oritsemeyiwa Eyesan stated that the process is an opportunity for investors to participate in a stable, rule-based system that fosters genuine value […]
President Bola Tinubu on Monday wrote two letters to the Senate, seeking confirmation of 21 nominees for the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). According to a statement by Special Adviser to the President on Information and Strategy, Bayo Onanuga, in the […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked its approval for TotalEnergies EP Nigeria Limited’s $860 million asset sale to Chappal Energies. Chappal Energies is a Mauritius-based oil and gas exploration company. Eniola Akinkuotu, spokesperson for the NUPRC, confirmed the development to TheCable on Tuesday, citing Chappal Energies’ inability to meet agreed financial obligations. […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says crude oil losses from theft and metering issues have dropped to their lowest levels in nearly 16 years. In a statement on crude loss trends up to July 2025, the regulator said daily losses stood at 9,600 barrels per day (bpd) — the lowest since 2009 when […]