Department of Petroleum Resources
DPR uncovers fuel smuggling depot in Adamawa Fulani settlement
The Department of Petroleum Resources (DPR) yesterday said it had discovered smuggling depot of petroleum products in a Fulani settlement in a rural village in Mubi-South Local Council of Adamawa State near the Republic of Cameroun border.
DPR reiterates zero tolerance to infractions, lifts Petrocam’s sanctions
The Department of Petroleum Resources (DPR), yesterday, reiterated its stance about non-tolerance of acts of infractions from licensed operators, even as it lifted the sanctions meted on a downstream marketing company, Petrocam Trading Nig. Ltd., for violating the agency’s rules and regulations.
Stakeholders seek closure of illegal plants, retail outlets
Petroleum stakeholders have urged the Department of Petroleum Resources (DPR) and other regulatory agencies to close all illegal plants, retail outlets and facility layouts that did not adhere strictly to safety procedures. They maintained that such closure would enable the agencies review their operations and ensure proper location of ignition sources such as generator and…
Buhari revokes five oil mining, prospecting licences
President Muhammadu Buhari has revoked four oil mining and one prospecting licences. The Department of Petroleum Resources (DPR), which communicated the decision in a statement yesterday, said the revocation came on the backdrop of alleged non-compliance with statutory regulatory obligations.
Government begins clampdown on roadside cooking gas retailers
The Federal Government has restated that roadside retailers sellers of Liquefied Petroleum Gas (LPG) or cooking gas will face prosecution from next week.It explained that the clampdown is aimed at addressing the inherent dangers in roadside selling of the product...
Kachikwu, others seek sale of refineries to local, foreign investors
Minister of State for Petroleum Resources, Ibe Kachikwu, and other critical stakeholders have urged the Federal Government to sell the nation’s moribund refineries to interested local and foreign investors. The minister and other experts, drawn from his ministry as well as those of the Ministries of Budget and National Planning, the Department of Petroleum Resources…
DPR to shut stations hiking petrol price in Bayelsa
The Department of Petroleum Resources (DPR) in Bayelsa State has vowed to sanction marketers selling the Premium Motor Spirit (PMS) above 145 per litre. It was irked by the sudden hike in the price of PMS (petrol) to N160 per litre and above in Yenagoa. Arising from a meeting with petrol marketers in the state,…
Nigeria files $1b suit against Shell, Eni in UK
The Federal Government yesterday filed a $1.1 billion lawsuit against Royal Dutch Shell and Eni at a commercial court in London, United Kingdom in connection with a 2011 oilfield deal.
‘Value creation, addition to economy remain DPR’s mandate’
The Department of Petroleum Resources, (DPR), has said its commitment to optimising value creation and addition to the Nigerian economy is unwavering. The agency said it would continue to stimulate industry competitiveness and investments influx through analysis and valuation of producing and non producing oil assets for viability and net worth purposes. This comes after…
Senate begins probe of lease renewal in oil, gas sector
The Senate yesterday resolved to probe all issues connected with the ongoing lease renewal in oil and gas sector being undertaken by the Ministry of Petroleum Resources and the Department of Petroleum Resources (DPR).
DPR facilitates licensing of downstream operations with digital platform
The Nation’s Petroleum Regulatory Agency, the Department of Petroleum Resources (DPR) has introduced digital solution to its downstream operations - Automated Downstream System (ADS). The ADS is the migration of all licences and permits in downstream operations to digital platform.