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 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...

Petrol Scarcity Persists, Transport Fares Increase By 100%       Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas. Also, hundreds of black marketers of petrol...

Oil Exploration Activities Decline, Threaten 40bn Reserves Target           Nigeria has recorded a significant 19.3 per cent decline in the level of oil exploration in the first 10 months of this year, a development which may be threatening the Federal Government’s plan to restore growth in...

House Kicks, Dismisses Representatives As DPR Boss Shuns Summons       The House of Representatives Committee on Public Accounts, on Thursday, dismissed a delegation from the Department of Petroleum Resources from the venue of an investigative hearing on alleged financial irregularities in the department running into trillions...