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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…
FRSC Mulls Scrapping Of 30 Years Old Vehicles From Major Highways
The Federal Road Safety Corps (FRSC) on Monday, stressed the need for an intervention from the Federal Government to put in place policies that could scrap vehicles that had been on the road for over 30-years saying that 90 per cent of…
Sanwo- Olu Advocates Adequate Funding For Lagos-Badagry Expressway
The Lagos State Governor, Mr. Babajide Sanwo-Olu has urged the Federal Government to provide adequate funding for the Lagos-Badagry Expressway, an international gateway to West African countries.
He said Lagos State Government…
FRSC Seeks Prayer Warriors Intervention To End Apapa Gridlock
The Corps Marshal, Federal Road Safety Corps, Dr. Boboye Oyeyemi has seek Intervention from prayer warriors as a veritable measures in addressing traffic along the port corridors.
Oyeyemi who disclosed this recently at the…
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,…
Lagos Attracts $8.32b Investemnt In Two Years
The Lagos State Government has attracted $8.32billion in investments within the last two years, just as it reiterated its ability to bring in, retain and leverage inclusive and sustainable economic growth.
The Special Adviser…
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…
Lagos, Ogun Establish Joint Development Commission, Sign MoU
Governor Dapo Abiodun of Ogun State and his Lagos State counterpart, Babajide Sanwo-Olu, on Monday, signed a Memorandum of Understanding (MoU) on the Lagos Ogun Joint Development Commission.
The signing of the MoU which took…