Over 43 Oil, Gas Cases Waiting To Be Resolved – DPR       The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and gas industry are waiting to be looked into by the newly inaugurated Alternative Dispute Resolution Centre. Its Director/Chief Executive Officer,...

DPR Offers Revalidation Option For Refinery Licences       Relief may have come for holders of expired refinery licences as the Department of Petroleum Resources (DPR) on Tuesday said companies whose refinery project licences have become invalid could reapply for revalidation. At least 32 refinery project licences issued...

DPR Revokes 32 Refinery Licences, Says Dangote Plant 80% Complete Thirty-two refinery project licences issued to private investors in the country have become invalid in the past three years, according to the Department of Petroleum Resources. The DPR said on Monday that the number of...

DPR Revokes Addax PSCs’ Licences     The Federal Government has revoked the four Production Sharing Contracts (PSC) operated by Addax Petroleum Development Nigeria Limited (APDNL). The Director, Department of Petroleum Resources (DPR) Sarki Auwalu, who made this known on Tuesday in Lagos, listed the affected oil blocs...

Marginal Oilfields: FG Receives 50% Of Signature Bonuses       The Federal Government said on Tuesday that it had received signature bonuses from 50 per cent of the winners of marginal oilfields following the conclusion of the bid process. The Minister of State for Petroleum Resources, Chief Timipre...

Nigeria’s Petrol Price Stabilises     The price of Nigeria’s Bonny Light hovered at $67.69 per barrel, indicating that the government would not be under pressure to generate funds for its 2021 budget, which was based on $40 and 1.8 million barrels per day, mb/d, including Condensate. However,...