Monday, 4th July 2022
Breaking News:

Sarki Auwalu

5 Feb 2021
The Department of Petroleum Resources (DPR) says Nigeria will earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in the country.
3 Feb 2021
Although the oil and gas sector tops Nigeria’s revenue generation and export commodities, President Muhammadu Buhari may be pushing to aggressively harness more resources and derive value...
19 Jan 2021
A new infrastructure; National Oil and Gas Excellence Centre (NOGEC), built by the Department of Petroleum Resources (DPR), aims to address critical challenges and create a more stable and sustainable business environment.
18 Jan 2021
President Muhammadu Buhari will virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC), Lagos, on Jan.21, in a bid to boost the operations of the nation’s petroleum sector....
30 Dec 2020
Some months ago, the Director of the Department of Petroleum Resources (DPR) Sarki Auwalu, said that Nigeria’s proven gas reserve has risen to 203.16 tcf, which is believed to be enough to support both domestic consumption and serve as a major foreign exchange earner if utilised.
10 Dec 2020
The Department of Petroleum Resources (DPR), yesterday, said conscious efforts are being made to ensure the nation’s oil and gas industry provides maximum opportunities for investors.
18 Aug 2020
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...
9 Jul 2020
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...
12 Jun 2020
Stakeholders have raised concerns over the country’s production costs, noting that Nigeria has the highest personnel cost among global operators, thus making it difficult to produce oil at a profitable price of below $10/barrel.
5 May 2020
As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and many other developed climes...
8 Apr 2020
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...
1 Apr 2020
Africa’s upstream sector may see its capital spending reduced by around 33 per cent in 2020 due to oil price crash and the coronavirus pandemic.


4 mins ago
The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) on Monday presented insurance services...
12 mins ago
The Anambra Government, said plans were underway to establish sewage treatment plant to deliver a much cleaner and more environmentally friendly wastewater in the state.
28 mins ago
Rupert McCammon, the Managing Director of AFSIC is committed to Driving Investment Into the African Continent Across all Industries LONDON, England, 1 July 2022, /African Media Agency/- AFSIC, now in its 9th year, is believed to be the largest African investment event taking place annually outside Africa and has become one of the most important conduits…
28 mins ago
ex-CEO of Mollie, Gaston Aussems, named successor DUBAI, UAE, 4 July 2022 -/African Media Agency(AMA)/- TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO of Mollie, as Group CEO, effective 4th July 2022. Founder and current CEO, Sahar Salama, will move into…
43 mins ago
The Idiroko Borderland Special Area Command of the National Drug Law Enforcement Agency (NDLEA), on Monday said it seized 2,460kg of illicit drugs within 12 Months in Ogun.