Oil, Gas Royalty: NPDC owes DPR $1.8bn, N1.3bn   The Nigerian Petroleum Development Company (NPDC) is owing the Department of Petroleum Resources (DPR) $1.8 billion (about N549bn) on oil and another N1.3bn on gas royalty, a House of Representatives adhoc panel heard yesterday. The amount was accumulated...

NNPC Adopts 24 Hour Depot Retail Services to Clear Fuel Queues The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country. NNPC Chief Operating Officer,...

...As Reps accuse DPR of conspiracy, negligence ...Summon Kachikwu NIGERIA loses $565.8 million due to the inability of the Department of Petroleum Resources ,DPR, to hold oil companies to their commitments in agreements, culminating in the award of Oil Prospecting Licences ,OPLs, and OIL Mining...

Arrangements are in top gear by the Federal Government to incorporate independent ownership of oil and gas pipelines in other to aid smooth maintenance and operation of the pipelines transport system. Already, the Department of Petroleum Resources (DPR) has started drafting the modalities of operation...