The Department of Petroleum Resources (DPR) on Wednesday sealed three filling stations in Ibeju-Lekki and Epe in Lagos State for allegedly hoarding and selling fuel above the approved pump price. Mr Igheghe Abel, Chief Mechanical Engineer of the Department, who led the team, told the...

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said that the Federal Government would set up an independent tracking mechanism to ascertain the actual volume of gas being flared in the country. The Federal Government has lost N523 billion to gas-flaring between 2015 and...

The Department of Petroleum Resources (DPR) has said Nigeria, the ninth largest gas producing nation in the world, lost over $850 million to gas flaring in 2015. The Deputy Director, Head of Upstream, DPR, Mrs. Pat Maseli, gave the statistics at the just concluded 10th...

The House of Representatives Adhoc Committee on $17 billion stolen from undeclared crude oil and liquefied natural gas from Nigeria, yesterday, walked out officials of Central Bank of Nigeria, CBN; National Petroleum Development Corporation, NPDC, and Department of Petroleum Resources, DPR, as they were...

The Department of Petroleum Resources (DPR), has seized a vessel, MT JAZI, loaded with 1.5 million litres of contaminated petroleum product while discharging at Nakem Jetty, Kirikiri, Lagos. Mr Mordecai Ladan, Director, DPR, told journalists in Lagos that the vessel was intercepted on February 11...

The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the reported non-remittance of some crude oil revenue to the Federation Account. In a presentation to the Senate Ad hoc Committee on the recovery...