Marginal oil fields: How denial of communities’ right of first refusal fuels agitation
The proposed bid and sale of marginal oil fields to local investors in the oil-bearing communities of Isoko, Itsekiri, Ijaw, Ndokwa, and Urhobo ethnic nations in Delta State...
Nigeria strategizes to regulate bid rounds as 600 firms jostle for 57 marginal fields
The Director/CEO, Department of Petroleum Resources (DPR), Sarki Auwalu, during the fourth Webinar series organised by the Nigerian Association of Petroleum Explorationists (NAPE), themed; “Nigerian Marginal Field Bid Round: Implications, Challenges and Opportunities,” in Lagos...
‘How majors’ stake in gas, lower margins hedged against price volatility’
As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and many other developed climes...
Why oil market uncertainties, COVID-19 will stall projects
The outbreak of coronavirus and glut in the oil sector will drastically affect the nation’s oil industry, especially projected which are expected to take place this year, the Chairman...
‘Nigeria can account for every molecule of oil it produces’
Nigeria is often acclaimed to be unable to account for the oil it produces, as conflicting reports are often released to the public. However, the Department of Petroleum Resources (DPR) Director/CEO, SARKI AUWALU debunks such claims saying several factors determine what is often declared. CLARA NWACHUKWU and FEMI ADEKOYA write. The industry is often described as…
DPR enforces safety standards for downstream operations
The Department of Petroleum Resources (DPR) has stated that effective from 1st of September, 2020, it will begin the strict enforcement of its Minimum Industry Safety Training for Downstream Operations (MISTDO), noting that no personnel would be allowed to engage in downstream operations without MITSDO training.
Nigeria to kick off gas flare commercialisation from 45 sites
The Department of Petroleum Resources (DPR) has stated that over 200 bidders are competing for the available 45 gas flaring sites in Nigeria, adding that the national gas flare commercialization programme will be implemented from those sites at the initial stage.
DPR to go tougher on recurring explosion, accidents
The Department of Petroleum Resources (DPR), yesterday, in Abuja, said it may be forced to take drastic action against erring oil and gas firms in an attempt to address frequent cases of explosion and accidents in the industry.