6 d. ago Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on Bank of America and other key financial institutions to prioritise funding for Nigeria’s oil sector. According to NUPRC, boosting investments in upstream activities is essential to sustaining production growth and ensuring energy security. The chief executive of NUPRC, Engr. Gbenga Komolafe made this call when […]

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8 d. ago Stakeholders Urge FG To Boost Local Cooking Gas Output, Stabilise Prices

Oil and gas sector stakeholders have urged the federal government to boost local Liquefied Petroleum Gas (LPG) production and processing capacity to curb rising cooking gas prices and stabilise domestic supply. The stakeholders, who spoke in separate interviews with the News Agency of Nigeria (NAN) on Sunday in Lagos, said increased investment in local plants, […]

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1 week ago FG task PTI to boost indigenous employment in petroleum industry 

The federal government, through the ministry of petroleum has issued a clear mandate to the Petroleum Training Institute (PTI) and read more FG task PTI to boost indigenous employment in petroleum industry 

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3 w. ago Eni Reveals 20% Production Increase in Abo Field, Lauds Upstream Regulator’s Reforms

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that it is partnering closely with Eni to support its 20 per cent increase in production at the company’s Abo field. This reflects growing confidence in Nigeria’s upstream oil and gas sector. The commission’s chief executive, Engr. Gbenga Komolafe, who received a high-level delegation from Eni […]

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3 w. ago Upstream Oil Regulator Attracts $4.9bn Gas Investment, Unveils Road Map

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has attracted $4.9 billion capital expenditure (CAPEX) investments and unlocked nearly 9,790 BSCF of reserves, 3.54 BSCF/D of gas, into the country’s gas industry since the implementation of the Petroleum Industry Act (PIA) in 2021. The regulator has also unveiled regulatory road map targeting to unlock over 55 […]

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4 w. ago Renaissance unveils continental strategy at Africa Energy Week

Renaissance Africa Energy Company Limited, operator of Nigeria’s largest upstream oil and gas joint venture, has unveiled its pan-African operational read more Renaissance unveils continental strategy at Africa Energy Week

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4 w. ago Petroleum Act Boosts Upstream Oil Sector With $40bn Investments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant milestones in transforming the country’s upstream oil sector since its establishment under the Petroleum Industry Act (PIA) 2021, fuelling growth, investment, and transparency. The commission, which is marking its fourth year in operation this month, highlighted 16 high-impact achievements since its inception. It revealed that […]

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