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Oil and Gas
Indigenous Firms Contribute 30% To Nigeria’s Gas , 33% To Crude Oil Reserves – DPR
The Department of Petroleum Resources (DPR) has said that indigenous oil and gas companies are now contributing as much as 33% to the country’s crude oil reserves and about 30% to its gas reserves.
This is as it has announced…
Ondo Partners Firm , Begins N5.5bn LPG Inland Terminal
The Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has performed the groundbreaking of the first privately owned Inland Terminal LPG Storage Facility in the country.
The facility sited within the Ore Industrial Hub…
Nigeria’s Gas Reserve Now 206.53tcf, Says DPR
The Department of Petroleum Resources (DPR) says Nigeria's Proven Natural Gas Reserve is now 206.53 Trillion Cubic Feet (TCF) as at Jan. 1, 2021.
According to a statement, Mr Sarki Auwalu, Director, DPR, made the announcement…
Four Indigenous Firms Get Marginal Oil Field Licences
Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday.
The award came a…
E-STATION: DPR Reads Riot Act To Independent Oil Marketers
Following the expiration of deadline given to all Petroleum Marketers by the Department of Petroleum Resources (DPR) within when to register their retail outlets into its e-Station platform, Abia State Field Office of DPR has advised…
Nigeria Needs $2B Monthly For Fiscal Sustainability, As FG Build Oil Reserves
The Department of Petroleum Resources (DPR) has stated that the country needs over $2 billion monthly revenue to remain sustainable as a nation.
The Director, DPR, Sarki Auwalu, warned that without this monthly income, the…
FG To Commence New Marginal Oil Field By 2022
The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year.
The Director/Chief Executive Officer,…
DPR Charges Stakeholders On Harnessing Oil,Gas Resources For Africa Development
The Department of Petroleum Resources (DPR) has charged stakeholders in the African oil and gas industry to rise to the challenge of harnessing the over 125 billion barrels oil reserve and 625 trillion cubit feet (tcf) of natural gas…
Field Ready, LADOL Upskilling Academy To Build Flexible Workforce
Field Ready and the Lagos Deep Offshore Logistics Base (LADOL) Upskilling Academy is set to build a flexible workforce readily fit for industry demand especially in construction sector.
To achieve this, the companies has…
A’ Ibom Govt Signs MOU With OGFZA , As Free Trade Zone Project Commences
The Akwa Ibom State Government has signed a Memorandum of Understanding (MoU) with the country’s Oil and Gas Free Zone Authority, (OGFZA), to signal the take off of the Liberty Oil and Gas Free Trade Zone in Ikot Abasi Local Government Area…