upstream petroleum News
Latest articles and news about upstream petroleum on AXL Media.
Latest Articles
- NUPRC Mandates Oil Block Development or Forfeiture Under New Petroleum Industry Act Regulatory Framework
Published: Mar 30, 2026
Section: Africa
The Nigerian Upstream Petroleum Regulatory Commission has implemented a strict "drill-or-drop" policy to prevent the long-term hoarding of exploration assets. Under Section 94 of t...
- Nigeria Advances 50-Block Hydrocarbon Auction to Bidding Phase Following Completion of NUPRC Pre-Qualification Screening
Published: Mar 17, 2026
Section: Africa
The Nigerian Upstream Petroleum Regulatory Commission has officially transitioned the 2025 oil and gas licensing round into its competitive bidding stage. Following the shortlist o...