The Department of Petroleum Resources (DPR) on Monday revealed that Nigeria has lost its most valued crude oil buyers. According to the Director, DPR, Mordecai Ladan,...
Six oil refinery licences with 91,000 barrels per day cumulative capacity expired last month (August), raising the total num- ber of stagnant and expired licences in...
The Department of Petroleum Resources (DPR) said the Federal Government made N748 billion from taxes and royalties paid by oil and gas companies operating in the...
The Nigerian National Petroleum Corporation and the Department of Petroleum Resources might be heading for a showdown over the actual litres of refined petrol the nation...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has decried data inconsistencies in the production and lifting of oil by Nigerian National Petroleum Corporation (NNPC), Department of...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has all but exonerated marketers from any blame in the scarcity of Premium Motor Spirit (PMS)...
The Department of Petroleum Resources (DPR) is getting tough with marketers found to be hoarding fuel as the current scarcity bites harder nationwide. At the last...
The All Progressives Congress (APC) has claimed that there was no “actual scarcity” of fuel in the country even as Nigerians continued to grapple with the...
Management of the Department of Petroleum Resources (DPR), on Thursday, dazed members of the Senate Committee on Petroleum (Upstream), with a budget proposal of N355 million...
The Minister of State for Petroleum Resources, Ibe Kachikwu, has revealed that the the major cause of the fuel scarcity currently being experienced across the country...
The Senate Wednesday revealed that the refusal of some officials of government to honour its invitation for the consideration of templates contained in the 2018 budget was frustrating...
The Federal Government Monday revealed that from 2019, the country would begin tracking Nigeria’s crude oil and would be able to account for every quantity of...
The federal government through the Department of Petroleum Resources (DPR) has set the guidelines for the marginal oil field bid round scheduled to take place later...
Of the 32 licences issued to qualified investors to build refineries, only seven have been been able to meet the terms of the project. This is...
Although it is in dire need of gas to boost its electricity supply, Nigeria has continued to flare gas worth $850 million yearly, and this is...
In response to the Federal Government plans to license modular refineries to accommodate illegal refineries dotting the creeks of the Niger Delta region before end of...
Senators, on Friday, revealed that the Petroleum Industry Bill (PIB), currently before the Red Chamber will give room to the creation of a new commission which...
Modalities for resolving an outstanding N16.5 billion fuel subsidy claim may unsettle the fresh romance between the federal government and petroleum marketers, Ripples Nigeria has gathered....
Lagos lawyer and human rights activist, Mr Femi Falana, SAN, has said that the new fuel price regime announced by the Federal Government is illegal and...
The Department of Petroleum Resources (DPR) on Saturday said that it has cancelled the reservation of petroleum products for institutions, and “special customers,” also known as...
The Lagos Chamber of Commerce and Industry, LCCI, yesterday, knocked the Federal Government for over regulating the oil and gas sector. According to LCCI, the petroleum...
In from Ali Smart . . . From the Department of Petroleum Resources (DPR) has come a stern warning to petroleum marketers; sell above pump, face...
Nigerians may have to wait till Sunday, before they can heave a sigh of relieve over the fuel scarcity currently being experienced in Abuja, Lagos and...
Contrary to claims by the Goodluck Jonathan administration that it has been able to eradicate fuel queues at filling stations in the country as a result...