Industry

By Saidu Abubakar The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Thursday, formally launched a $50 million research and development fund, known as the Nigerian Content Research and Development Fund…
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Following up on President Muhammadu Buhari’s recent announcement of the declaration of two hundred and eighty seven billion Naira (N287bn) Profit After Tax (PAT) in year 2020 by the Nigerian National Petroleum Corporation (NNPC),…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) is close to ramping up Nigeria’s 36.9 billion barrels of crude oil reserves by an additional 14 billion barrels, and its gas reserves by an additional 68 Trillion Cubic…
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Industry synergy and intra-agency collaboration were top on the agenda, as the GMD NNPC, Mallam Mele Kyari today led the Corporation’s Top Management on an official visit to the Director/CEO of the Department of Petroleum Resources (DPR),…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has identified six pillars critical to its strategy for Maximum Economic Recovery (MER) for Nigeria’s oil and gas industry. Engr. Sarki Auwalu, the DPR Director and…
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By Teddy Nwanunobi The Department of Petroleum Resources (DPR) has identified six pillars critical to its strategy for Maximum Economic Recovery (MER) for Nigeria’s oil and gas industry. Engr. Sarki Auwalu, the DPR Director and…
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Minister of state for Petroleum Resources, Chief Timipre Sylva, will Thursday launch the $50million Research and Development Fund utilisation protocol in the nation’s oil and gas industry.  He will be launching the Nigerian Content…
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Nigeria's crude oil reserves declined by about 600 million barrels on the back of reducing investments in the last few years, industry data on the matter has revealed. Information from the British Petroleum (BP) Statistical Review,…
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The Department of Petroleum Resources (DPR)has allayed fears of some residents of Tirwun quaters in Bauchi metropolis over citing of five gas plants. Malam Abdullahi Iliyasu, the operations controller of the DPR made this known in…
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The amount spent on the importation of Premium Motor Spirit (petrol) in the first half of this year jumped to N1.47tn, which is more than 73 per cent of what was incurred in the whole of last year. The N1.47tn is about 86 per cent…
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