FG embarks on accelerated revenue drive through lease renewal
Following a legislative inquiry into lease renewal, industry regulator, the Department of Petroleum Resources (DPR), has reiterated that it followed due process in validating licences for oil and gas prospecting in Nigeria.
Delay in FDPs approval and Nigeria’s quest for 40 billion reserves target
The Federal Government’s desire to grow Nigeria’s strategic oil reserves to about 40 billion barrels and daily crude oil production to four million barrels per day may suffer setback...
‘Nigeria must renegotiate contracts with multinationals on oil exploration’
Prof. Akin Akindoyeni is the Chairman of Council, Institute of Oil and Gas Research and Hydrocarbon Studies. Akindoyeni, who served as Director General, Institute of Policy & Strategic Studies as well as Vice Chancellor, Adekunle Ajasin University...
DPR to release new guidelines for LPG operations in Nigeria
The Department of Petroleum Resources (DPR), has unveiled plans to release new guidelines to govern Nigeria’s Liquefied Petroleum Gas (LPG) sector. To achieve this, DPR will embark on stakeholders’ engagement in the LPG industry with a view to fashioning new guides on life threatening issues being taken for granted by operators in the industry.…
Marketers using NNPC retail outlets to defraud, says DPR
Department of Petroleum Resources (DPR), Abuja yesterday said some petroleum marketers are using some NNPC Retail outlets to defraud motorists.
Construction of gas extraction plant to kick-off in Rivers
The Department of Petroleum Resources (DPR) has approved the construction of a 12MMSCFD capacity Liquefied Petroleum Gas (LPG) extraction plant in Rivers State. The plant, owned by Green Energy International Limited, operator of the Otakikpo Marginal Field in OML 11, would be located at Ikuru town. According to a statement in Abuja, yesterday, Green Energy said approval to…
Innovation for start-up business
We have heard so many NGOs and Banks advertise funding Entrepreneur and business, If all this Businesses are real and still functioning after five years the rate of unemployment in Nigeria will reduces...
DPR partners NSCDC to prosecute illegal petroleum marketers
The Department of Petroleum Resources (DPR), Eket field office says it has strengthened its partnership with the Nigeria Security and Civil Defence Corps (NSCDC) to prosecute petroleum marketers operating illegal petrol stations in the state.
DPR shuts filling stations for selling above pump price
In an effort to end fuel scarcity in some parts of the region, officials of the Department of Petroleum Resources (DPR), North West Zone, have shut down two filling stations in Zaria and Hunkuyi Local Government Areas of Kaduna State for selling Premium Motor Spirit (PMS) at N190 per litre.
DPR urges NNPC to increase fuel supply to northern states
Officials of the Department of Petroleum Resources (DPR) in Kaduna Zone have appealed to the Nigerian National Petroleum Corporation (NNPC) to increase fuel supply to seven states under the zone.
DPR digitalises approvals, permits, licences, others
The upstream division of the Department of Petroleum Resources (DPR) has come up with an Automated Downstream System (ADS), which is a strategy for the automation and digitization of all approvals, permits and licenses by the agency.