Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering seven regulations that would aid the implementation of some fragments of the Petroleum Industry Act, especially contracts, commercials, revocation of oil and gas licenses.
The management of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed as wild, baseless and unfounded, allegations by some elements in the workers’ union, accusing it of wrongdoings.
Nigeria signed seven new regulations into law, in Abuja, yesterday, in a move to boost metering of all crude oil operations in the upstream segment of the nation’s petroleum industry.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that the country's oil production figure fell to 998,602 barrels per day (bpd), a 21.26 percent decline compared to March, when output was 1,268,202 bpd.
Nigeria’s oil and gas sector is currently feeling the impact of about $21 billion in divestments by oil multinationals, as its upstream capital expenditure assumes a downward trend.