Gbenga Komolafe, the Commission Chief Executive of the NUPRC, made this known on Wednesday in Abuja.
Browsing: NUPRC
This was made known by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Tuesday.
The Commission said it will ensure relevant sections of the PIA that affect its operations are duly implemented.
It spoke in a statement by its Head, Public Affairs and Corporate Communications, Olaide Shonola, on Saturday.
This followed the presidential policy directive that strengthens Nigerian Upstream Petroleum Regulatory Commission (NUPRC)’s power to approve and regulate integrated upstream operations.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has established a College of Awardees to leverage the collective experiences of successful entities in the latest bidding process of the Nigerian Gas Flare Commercialisation Programme (NGFCP) and other stakeholders’ implementation journey.
It also made progress in the implementation of the legislation with the unveiling of two Trusts in Imo State on October 13, 2023.
This was disclosed in a statement made available t the press on Thursday by the commission’s chief executive, Engineer Gbenga Komolafe.
The Nigerian Upstream Petroleum Regulatory Commission has announced the outcome of the bidding exercise and issuance of letters of award to 42 companies/entities deemed successful in the keenly contested bid for 49 Flare Sites put forward during the 2022 Nigerian Gas Flare Commercialisation Programme auction process.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said its attention has been drawn to the agitation by host communities in the oil and gas producing areas of the Niger Delta region over the delay by industry settlors/operators in remitting the statutory fees governed by Section 235 of the Petroleum Industry Act (PIA), 2021.
The NUPRC said this in a statement it issued on Wednesday following allegations it was stifling growth in the sector.
The global momentum and impact of the energy transition have made it mandatory for players in the oil and gas sector to challenge their thinking and evolve innovative measures to mitigate the confounding effect of the energy transition.
The position of the Commission was made known by the management on Thursday in a statement issued in Abuja.
Gbenga Komolafe, Commission Chief Executive, disclosed this in an interview with the News Agency of Nigeria.
Speaking at the announcement of fund managers for Host Community Trust Funds on July 21, 2023 in Abuja, NUPRC’s Assistant Director, Host Communities Department, Olatokunbo Karimu, said from the 61 fully incorporated Host Community Development Trusts (HCDTs) in the industry, The Shell Petroleum Development Company of Nigeria (SPDC) with its joint venture partners has the highest number of fully incorporated HCDTs of 23 followed by Agip with 13 while Newcross Petroleum has seven in the third position.
AMAC chairman, Christopher Maikalangu, made the call when he led a delegation of the councils’ officials on a visit to NUPRC, in Abuja.
The Commission’s Chief Executive, Gbenga Komolafe said the regulations had been successfully concluded and issued.
The Nigerian Upstream Regulatory Commission (NUPRC) on Tuesday unveiled a strategic plan which would act as a roadmap to guide the organization’s activities and propel it towards a future of growth and success.
Borno State Governor, Prof. Babagana Zulum, performed the spud-in ceremony on behalf of the President.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened its doors for potential investors who wish to collaborate in building partnerships and unlocking the full potential of Nigeria’s upstream petroleum sector.