News

Nigeria’s efforts to cut its flared gas have been delayed by at least 6 weeks due to the new coronavirus outbreak, the petroleum regulator said on Wednesday. The West African country is trying to commercialize the gas that is currently…
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The Director, DPR, Engr. Sarki Auwalu gave the facts and figures on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria. Auwalu said the new figures represented a…
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The Federal High Court sitting in Lagos on Wednesday restrained the Federal Government from selling or accepting bids for eight Marginal Oil Fields (Oil Mining Licences) pending determination of a suit challenging their status. Justice…
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With a recent offer for its 57 marginal oil fields to investors after 17 years gathering momentum, the Federal Government, through the Department of Petroleum Resources (DPR) has said plans are underway to commercialise its 96 gas flare…
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The Management and Staff of the Department of Petroleum Resources (DPR) mourn with heavy heart the passing away of our beloved Colleague and former Director, Mr. Macaulay Ofurhie , which sad event occurred on Monday June 1 2020 in Lagos…
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The Nigerian Content Development and Monitoring Board (NCDMB) has waded into the dispute between the Nigeria Liquefied Natural Gas (NLNG) and a Nigerian company, Macobarb International.  It was gathered that the N970 million contractual…
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The Chairman of OPAC Modular Refinery, Mr. Momoh Oyarekhua, has urged the federal government to encourage local refining of the crude oil to reduce the cost of importing refined products. The 7,000 barrels per-stream-a-day capacity OPAC…
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Judges in Lagos have blocked Nigeria’s efforts to revoke two oilfield licences, court documents seen by Reuters showed, a move that could compromise a full licensing round for marginal fields which the government is aiming to launch as…
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The Nigerian National Petroleum Corporation (NNPC) lost over N20 billion due to 74 pipelines breaches by suspected crude oil thieves in January and February this year, the national oil company has said. Information obtained from the…
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•To generate N2.365bn from application fees Nigeria’s precarious economic situation may lighten up pretty soon as the Department of Petroleum Resources (DPR) yesterday announced the commencement of marginal fields bid rounds…
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