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Oil and Gas
Kyari Tasks NNPC Greenfield Refinery Ltd Board To End Fuel Importation
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the…
Buhari Says Nigeria Lost About $50bn Worth Of Investment In 10 Years Due To Uncertainty In Petroleum Industry
President Muhammadu Buhari Wednesday in Abuja said Nigeria lost an estimated $50billion worth of investments in ten years, created by the uncertainty of non-passage of the Petroleum Industry Bill (PIB), lack of progress and stagnation in…
Petroleum Minister Says Oil Companies Will Leave Nigeria If FG Increase 3% Host Communities Fund
Worried about the passage of the Petroleum Industry Bill, the Minister of State for Petroleum, Timipre Sylva, has said that increasing the three per cent host communities fund will affect the profit of oil companies and in turn force them…
DPR Raises Concern Over Operational Hazards In Downstream Oil Sector
The Department of Petroleum Resources (DPR), has raised serious concern over high rate of accidents in the downstream oil and gas industry leading to the introduction of the Minimum industry safety training for Downstream operations…
President Buhari Signs PIB Into Law
President Muhammadu Buhari has officially signed the Petroleum Industry Bill (PIB) 2021 into law.
Femi Adesina, Special Adviser to the President (Media and Publicity) disclosed this in a statement on Monday, August 16, 2021.…
MISTDO Designed To Safeguard Downstream Operations – DPR
The Department of Petroleum Resources (DPR) says the Minimum Industry Safety Training for Downstream operations (MISTDO) is a compulsory programme introduced to safeguard operations in the downstream sector of the Nigerian oil and gas…
OGONI COMMUNITIES : Shell Petroleum Agrees To Pay N45.9b Compensation For Oil Spillage
A Federal High Court sitting in Abuja has ordered Shell Petroleum Company to pay the sum of N45.9 billion to the people of Ogoni in Rivers State.
Justice Ahmed Mohammed who gave the order held that the money…
FG Targeting 50 Billion-Barrel Oil Reserves – DPR
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels in the short to medium term, the Department of Petroleum Resources announced on Monday.
Director/Chief…
27,000 Filling Stations Risk Losing Licences- DPR Warns
No fewer than 27,000 filling stations may not get their operating licences renewed in a move to curb diversion of petrol in the country.
The Department of Petroleum Resources (DPR), which gave the warning, said it has commenced…
DPR Deploys Inventory Tool To Check PMS Diversion Among 33,000 Stations
As subsidy costs weigh down government interventions due to rising consumption of premium motor spirit (PMS) occasioned by smuggling and sharp practices in the downstream sector, the Department of Petroleum Resources (DPR) has set a…