FG Begins Export of New Crude Blend, Obodo The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped. In a statement by the NUPRC Chief Executive, Gbenga Komolafe, on Tuesday, he congratulated Conoil Producing Limited on the...

The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.

Nigeria's Crude Oil Reserves Now 37.28bn Barrels - NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and condensate, alongside an eye-popping 210.54 trillion cubic feet of natural gas. This...

Africa's Oil and Gas Projects to Gulp $43bn in 2025  The African Energy Chamber’s State of African Energy 2025 Outlook Report has projected capital expenditure of $43 on oil and gas projects in Africa in the current year. This highlights strong investment trends, with West and...

Nigeria’s Oil production Declines to 1.47m bpd - Report Nigeria’s average daily crude oil production has fallen again below the quota allocated by the Organisation of the Petroleum Exporting Countries. Oil production figures released by the Nigerian Upstream Petroleum Regulatory Commission showed that the country’s crude...

Govt Won't Interfere with Crude Oil Prices, NUPRC Reiterates   The Federal Government has reaffirmed its stance against price-fixing for crude oil, emphasizing its commitment to adhering to international best practices. Instead, the government will allow market forces to dictate prices, following the willing-seller, willing-buyer principle. The Chief...