FG budgets N104bn to maintain, purchase generators in 2022
Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, The PUNCH has […]
Department of Petroleum
Court jails ex-Navy captain for defrauding bank of N45m
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, has jailed a retired Navy Captain, Jerry Ogbonna, for stealing and obtaining N45 […]
Border corruption: Security agents, smugglers worsen subsidy crisis, flout Buhari’s order
Facts have emerged about how security agents and border communities aid smuggling of petroleum products, thus worsening the fuel subsidy crisis in the country. Our […]
DPR Offers Revalidation Option For Refinery Licences
Relief may have come for holders of expired refinery licences as the Department of Petroleum Resources (DPR) on Tuesday said companies whose refinery project licences […]
DPR Revokes Addax PSCs’ Licences
The Federal Government has revoked the four Production Sharing Contracts (PSC) operated by Addax Petroleum Development Nigeria Limited (APDNL). The Director, Department of Petroleum Resources […]
Corruption: Former Governors, Senators, Ministers, Military Officers Own 130 Choice Assets In Dubai – Report
A new report has revealed that a staggering 130 choice assets in Dubai are owned by ex-governors, ministers and senators. It was gathered that these […]
Fuel hike: DPR seals defaulting outlets in Abia
The Department of Petroleum Resources (DPR), has sealed some filling station selling Premium Motor Spirit (fuel) above the official pump price.The operation was carried out […]
Nigeria loses $5bn to discrepancies in data between NNPC, others
The House of Representatives said that the country has lost about $5 billion to discrepancies in crude oil production data between the Nigeria National Petroleum […]
Cross River: IPMAN raises alarm over proliferation of illegal fuel stations
The Cross River Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the proliferation of illegal fuel stations in the […]
No plans to hike price in February- NNPC
The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase fuel price from February. There had been speculations the prices of petroleum products may […]
Allegations that SPDC underreported 2 million barrels of crude from 2016 to 2018 , false says DPR
The Department of Petroleum Resources (DPR) has dismissed media reports that it uncovered a ‘missing 2 million barrels of crude’ in oil production records by […]
DPR Shortlists 161 Firms For Final Marginal Field Bid Round
The Department of Petroleum Resources (DPR) on Monday said the Federal Government has shortlisted 161 firms for the final stage of the bid round process […]
Oil Exploration Activities Decline, Threaten 40bn Reserves Target
Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development […]
NNPC Shines at NSE Fellowship Award with COO, Upstream, 6 Staff Inducted
The Nigerian National Petroleum Corporation was the centre of attraction at the Nigerian Society of Engineers’ (NSE) fellowship award ceremony with the Corporation bagging a […]
Waltersmith Modular Refinery Ready for Operations – DPR
The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project is fully ready for operations. […]
DPR drops gas flaring sanctions to woo investors
In a dramatic change of outlook aimed at encouraging gas commercialisation by indigenous oil companies, the Department of Petroleum Resources (DPR) has reversed its decision […]
Oil marketers concerned about possible unrest when prices rebound
Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that […]
FG battles use of faulty weighing, measuring equipment in shops, filling stations
By Desmond Ejibas Port Harcourt – The Federal Government said it had had begun the clamp down on the use of faulty and altered equipment […]
Senate queries DPR on remittance
By Naomi Sharang Abuja – Officials of Department of Petroleum Resources (DPR) were on Friday queried by the Senate on Friday for remitting only N44. […]
It’s not easy to relocate Tank farms, says Olu of Warri
By Edeki Igafe Warri (Delta) – The Olu of Warri, Ogiame Ikenwoli, on Wednesday said it would be difficult to relocate Tank farms from their […]