NUPRC Secures $400m in Pre-sale Decommissioning Liabilities The Nigerian Upstream Petroleum Regulatory Commission has announced that it secured over $400m in pre-sale decommissioning and abandonment liabilities from recent oil asset divestments in a move to prevent Nigeria from inheriting costly environmental and financial burdens. The Chief...

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.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s oil output rose by 0.89 percent to 1.71 million barrels of oil per day (bpd) in July.

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...

Nigeria Records 1.37 TCF Gas Output in H1, Says NUPRC The Nigerian Upstream Petroleum Regulatory Commission says Nigeria produced about 1.37 trillion standard cubic feet of natural gas between January and June 2025. The report showed that gas production averaged 229 billion scf monthly, with January...

₦341tn Oil Reserves Untapped in Nigeria - Report  Over 3.5 billion barrels of oil and condensate reserves are locked in undeveloped fields across different basins in Nigeria, according to reports in a publication by the Nigerian Upstream Petroleum Regulatory Commission. At the current average price of...