DPR Decries Oil Theft, Generates N2.4trn In One Year   The Department of Petroleum Resources has lamented the high rate of crude theft in the country. The agency also disclosed that it generated N2.4tn to support government revenue in 2019 despite the challenge of oil theft. It explained...

Nigeria’s Oil Reserves’ll Be Depleted In 49 Years – DPR   The nation’s crude oil reserves of 37 billion barrels, two per cent of which is being produced annually, will be depleted in 49 years, according to the Department of Petroleum Resources. The reserves, which stood at...

FG Shortlists 200 Investors For Gas Flare Sites   The Federal Government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification submitted by interested companies. The Department of Petroleum Resources disclosed this on Monday, saying that 45 gas flare...

DPR Hands Over Revoked OML 98 Oil Asset To NNPC   The Department of Petroleum Resources (DPR) on Friday handed over operatorship of Oil Mining Licence (OML) 98 to the Nigerian Petroleum Development Company, NPDC, the upstream unit of the Nigeria National Petroleum Corporation (NNPC). The transfer...

DPR, NUPENG Vow To Flush Out Unregistered Gas Dealers   The Department of Petroleum Resources and the Nigeria Union of Petroleum and Natural Gas Workers have resolved to flush out all unregistered dealers of liquefied petroleum gas, popularly called cooking gas, after two months of grace. According...

DPR Launches Initiative To Digitise Downstream Operations   The Department of Petroleum Resources has launched its digitisation initiative for downstream operations under what it called the Automated Downstream System programme. The DPR said the initiative was designed to improve overall efficiency and accelerate its downstream regulatory performance...