53 h. 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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63 h. 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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2 w. ago Upstream Petroleum Regulator Remits N7.1trn Revenue In 8 Months

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted a total of N7.1 trillion to the Federation Account in the first eight months of 2025. The remittance underscored NUPRC’s critical role in revenue mobilisation from Nigeria’s upstream oil and gas sector. This is was revealed during the NUPRC’s presentation at the Federation Account Allocation Committee (FAAC) […]

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3 w. ago Upstream Sector Attracts $18.2bn Investment, Unlocks 1.4bn Oil Barrels

Nigeria’s upstream oil and gas sector has attracted $18.2 billion in new investment commitments, unlocking up to 1.4 billion barrels of oil and 5.4 trillion cubic feet (TCF) of gas, the chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe announced on Tuesday. This surge in investment is accompanied by a […]

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3 w. ago Crude Oil Losses Have Dropped To 9,600 Barrels Daily – Nigeria’s Upstream Regulator

Nigeria’s upstream oil sector is experiencing a significant decline in crude oil losses from theft and metering issues, reaching the lowest levels the industry has seen since 2009. According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), daily losses fell to 9,600 barrels per day (bpd) in July 2025, marking a milestone […]

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3 w. ago Nigeria records setback in oil revenue, loses 2.04m barrels in half

Lowest in 16 years By Adewale Sanyaolu Nigeria has recorded a setback in its oil revenue target for 2025, posting a loss of 2.04 million barrels of oil in the first half of the year (H1 2025). This is based on trends of crude oil losses year-to-date July 2025, released by the Nigerian Upstream Petroleum […] The post Nigeria records setback in oil revenue, loses 2.04m barrels in half-year appeared first on The Sun Nigeria.

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