FG Issues Guidelines For Downstream Gas Facilities       The Department of Petroleum Resources on Sunday released guidelines for the establishment and operations of downstream gas facilities. It issued guidelines for the establishment and operations of Liquefied Petroleum Gas refilling plants and retail outlets, for establishment of autogas...

Nigeria Wastes Gas Worth N115bn In Seven Months       International oil companies and local players in the nation’s oil and gas industry flared natural gas worth an estimated N114.79bn from January to July this year. The companies produced 1.64 trillion standard cubic feet of gas in the...

DPR Links $1.03bn Remittance To Oil Royalties, Legacy Debts         The Department of Petroleum Resources (DPR), has identified oil and gas royalties and legacy debts as a major contributor to its revenue generation amounting $1.03 billion remitted to the Federation Account. DPR stated that the revenue...

DPR Outlines 4 Cardinal Focus For Downstream Operations       The Department of Petroleum Resources (DPR) says it has outlined four cardinal focus for downstream operations in its bid to continue to enable business and create opportunities in the oil and gas sector. A statement signed by Mr...

Agencies Illegally Took N5.8trn From FG Account – Report     The Nigerian National Petroleum Corporation (NNPC), the Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS), have made illegal deductions from the Federation Account estimated at N5.786 trillion between 2014 and 2017, said...

DPR: $1.5bn World Bank Loan May Be Needless       The Department of Petroleum Resources (DPR) at the weekend said with the remittance of at least $1.03billion to the Federation Account and an additional $600million expected from oil and gas royalties and legacy debts, the delayed $1.5...