L-R: Founder, Home of Mother Earth Foundation (HOMEF), Rev. Nnimmo Bassey with His Royal Majesty, King Bubaraye Dakolo, Agada IV of Ekpetiama Kingdom and Chair of the Bayelsa State Council of Traditional Rulers. A coalition of civil society organisations…
NUPRC Issues New Guidelines, Focuses on Nigeria’s Crude Oil Exports Tracking
“To all licences and leases granted or preserved under the Petroleum Industry Act (PIA) 2021,” seven things to know about the NUPRC’s Advanced Cargo Declaration, the guidelines covering crude oil, natural gas, natural gas liquids and petroleum products exported from…
Sterling Oil, PENGASSAN Settle Dispute After FG Mediation
Following months of tension and union picketing, Sterling Oil and PENGASSAN have reached an amicable resolution brokered by the Federal Government. The agreement, finalized in June 2025, highlights the importance of regulatory compliance and labour relations in Nigeria’s oil and gas industry.
NUPRC Refutes Claims of Irregularities in 2024 Oil Block Licensing Round, Reaffirms Compliance with PIA
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly dismissed recent allegations of irregularities in the 2024 oil block licensing round, affirming that the process adhered strictly to the Petroleum Industry Act (PIA) 2021 and established licensing guidelines. In a…
Shell Loads First Crude Cargo from Nigeria’s New $400m Otakikpo Terminal
In a major boost for Nigeria’s oil sector, Shell has successfully loaded the first crude cargo from the newly commissioned onshore Otakikpo terminal, signaling the official launch of exports from the $400 million facility. The terminal, developed by marginal field…
ExxonMobil To Invest $1.5Billion in Nigeria’s Deepwater Oilfields
ExxonMobil is set to invest $1.5 billion in its deepwater operations in Nigeria between the second quarter of 2025 and 2027. The investment will primarily focus on revitalizing production at the Usan deepwater oilfield, located offshore in the eastern Niger…
Renaissance Energy Completes Full Acquisition of Shell Nigeria’s $2.4bn Onshore Assets
Renaissance Africa Energy has finally completed the acquisition of the entire equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This follows regulatory approvals by The Nigerian Upstream Petroleum Regulatory Commission (NUPRC); a process which had been stymied for…
NUPRC Pushes for 250M Cubic Feet Gas Flare Capture to Slash Emissions, Sets 2 Million BPD Goal for Energy Security
“Nigeria’s Crude Output Now At 1.8 Million Bpd” – Komolafe Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has called for a collaborative approach to tackling Nigeria’s energy trilemma—balancing energy security, affordability, and sustainability. Speaking…
“Komolafe Denies N32bn Revenue Leakage, Highlights NUPRC’s Transparency and Investor Confidence”
Engr. Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has firmly refuted allegations of a N32 billion revenue leakage within the commission. Testifying before the House of Representatives Public Accounts Committee, Komolafe clarified that NUPRC…
Divestment: NUPRC to Resolve Shell’s $1.3bn Renaissance Africa Deal, Gets Vote of Confidence from Energy Adviser, Olu Verheijen
…Insists Nigeria is open to investors as Government Accelerates Focus Shift to Deep Offshore and Gas Operations The Special Adviser to the President on Energy, Olu Verheijen, has expressed confidence in the ability and commitment of the Nigerian Upstream Petroleum…