The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2025 Licensing Round, effective December 1, 2025.

NUPRC Predicts Significant Increase in Nigeria's Oil Output   The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has expressed optimism that Nigeria’s crude oil output will soon witness a significant boost following the completion of a new offshore production facility. Komolafe expressed...

Crude Oil Theft Plunges to Lowest Level in Over a Decade   Nigeria has achieved a significant breakthrough in curbing crude oil theft and losses, with figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showing a 50.2 per cent reduction in losses during the first...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Monday, signed a production sharing contract (PSC) with TotalEnergies and South Atlantic Petroleum (Sapetro) for petroleum prospecting licences (PPL) 2000 and 2001.

FG to Settle N2.7trn Gas Debt with Royalty Payments   The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, disclosed this Thursday during a Zoom meeting organised...

According to a report by the Organisation of the Petroleum Exporting Countries (OPEC), Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July,