The Department of Petroleum Resources( DPR) has listed five ways to fortify the Nigerian oil and gas sector for economic stability and growth.

The DPR, Nigeria’s oil industry regulator, last October, declared that the country is now aiming to increase its oil reserves, including condensates, substantially to 40 billion barrels by 2025.

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.

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) 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 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...

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....

Oil and gas experts, yesterday, reiterated concerns about Nigeria’s declining investment profile, poor fiscal environment and growing pressure to transit from fossil fuels.

The Department of Petroleum Resources (DPR), yesterday, raised concerns over moribund oil and gas facilities across the country.

The Department of Petroleum Resources (DPR) has cautioned against hoarding of petroleum products in the country, saying depot owners should desist from hoarding of the products in their facilities.

The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard.