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Justice Muslim Sule Hassan of the Federal High Court, Lagos has restrained the Minister of Petroleum Resources and the Department of Petroleum Resources (DPR) from revoking the Ororo marginal field in OML 95 pending the determination of…
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The Department of Petroleum Resources (DPR) has announced the postponement of implementation of new registration fees for oil and gas trainings in the country till further notice. The Director and Chief Executive Officer of DPR, Mr.…
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President Muhammadu Buhari has approved the release of funds for the first phase of the Siemens electricity deal. In 2019, the president had signed a power project deal with Siemens AG, Germany-based firm, to deliver 7,000…
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Nigeria will be auctioning some marginal oil fields before the end of this year and investors will have the option of choosing from 56 fields, according to Minister of State for Petroleum Resources, Chief Timipre Sylva. The minister…
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Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Mohammed Barkindo, has urged member countries not to flout last April’s deal to cut their crude oil production quotas, despite recent noticeable improvement…
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Nigeria’s crude oil output is expected to drop further as the Bonga crude oil export terminal, which is operated by Shell Nigeria Exploration and Production Company (SNEPCO) has been shutdown. Report by Reuters says…
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Installation of equipments at the biggest single train oil refinery in the world. Upon completion around April 2021, This project will cut Nigeria's export bill by billions of dollars, while creating potential to earn forex for the nation…
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In response to speculations about its staff strength, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it currently has 6,621 staff, both at its headquarters and across all its subsidiaries, division and offices…
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The Nigeria Navy has said it recovered N75 billion worth of stolen petroleum products in five years. The products recovered between 2015 and 2019 include crude oil, diesel and petrol. It said a total of 2,287 illegal refineries were…
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Most fuel depot operators have been forced out of business as the Nigerian National Petroleum Company emerged the sole supplier of imported fuel in recent years, the Depot and Petroleum Products Marketers Association of Nigeria has said. …
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