DPR Warns Against Fuel Hoarding As Fuel Queues Emerge       The Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum products in their facilities, saying it would sanction erring operators. The Director, DPR, Mr Sarki Auwalu, issued the warning on Wednesday in Lagos, according...

Senate Faults DPR For Spending N1.8bn On Uncompleted Projects       The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of Petroleum Resources, to a private firm, Riverman Technologies Limited, for jobs not satisfactory executed. The private firm...

Nigeria To Upgrade Oil Downstream Sector - DPR       The Department of Petroleum Resources (DPR), yesterday, said the Federal Government is making efforts to upgrade the downstream of the petroleum industry to global standard. The downstream has the capacity to improve revenue from the oil and gas...

DPR Issues Licence For First Floating LNG Production Plant         The Department of Petroleum Resources (DPR) has issued Licence to Establish (LTE), the first floating Liquefied Natural Gas (LNG) production plant to UTM Offshore Ltd., an indigenous oil and gas company. A statement issued on Monday in...

$20bn Oil Theft: Reps Grill DPR, Summon NNPC, CBN         The House of Representatives has continued its investigation of diverted and stolen crude oil in Nigeria valued at $20m, with its Ad Hoc Committee on Oil Theft grilling top officials of the Department of Petroleum Resources. While...

Oil Revenue To Remain Subdued As Output Plunges By 15%       Despite the recent rise in oil prices, there are strong indications that Nigeria is not likely to be out of the woods in its petroleum revenue performance and budget funding, due, mainly to the significant...