The Department of Petroleum Resources (DPR) says Nigeria’s proven natural gas reserve stood at 206.53 trillion cubic feet (tcf) as at Jan.1, 2021.

The Senate has urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of Liquefied Petroleum Gas (LPG).

Fresh efforts being made by the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Department of Petroleum Resources (DPR) may address opacity in oil and gas contracts and fast track the implementation of Extractive Industries Transparency Initiative (EITI) beneficial ownership disclosures. With the development, there are indications that Nigeria will meet the compliance standards required…

The Department of Petroleum Resources (DPR) will, tomorrow, award 57 marginal oil fields to oil firms in the country.The Federal Government had in June last year started a bid round for the fields, which are mainly in the Niger Delta.

The Nigerian government’s expectation of raising half a billion dollars from signature bonuses, has imposed significant financial pressure on participants in the about-to-be-concluded bid round of marginal fields

The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation.

The Department of Petroleum Resources (DPR) says it is expecting the first production of crude from some of the recently awarded 57 marginal oilfields in January 2022.

The Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic....

The Department of Petroleum Resources (DPR) has pledged support to the hitch-free completion of Nigeria’s first floating Liquefied Natural Gas (LNG) production plant.

The Nigerian government introduced the marginal field development programme in 1996 to help grow the country’s oil and gas production by divesting the majors of dormant discoveries and making the same available to indigenous operators who are nimble enough to venture into neglected terrains.

Independent Marketers Association of Nigeria (IPMAN), has expressed satisfaction in the innovations and reformation introduced by Department of Petroleum Resources

After several years of unearned revenue from undeveloped Oil Mining Leases (OMLs) 123, 124, 126 and 137, the Kaztec Engineering Limited and Salvic Petroleum Resources Consortium...