Tag: DPR

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Nigeria: Department of Petroleum Resources Refutes License Revocation Reports

Contrary to several reports that the Nigerian Department of Petroleum Resources (DPR) revoked the licenses issued for the establishment of thirty-two (32) refinery projects in the country, a statement signed...
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Marketers Should be Allowed to Determine Gas Prices in Nigeria – DPR

At the Pre-Summit Conference of the Nigerian International Petroleum Summit (NIPS), on the theme: 'The Decade of Gas – Towards a Gas-Powered Economy’, the Director of the Nigerian Department of Petroleum...
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Bid Winners of Nigeria’s Marginal Oilfield Round Have Started Paying Signature Bonuses

The Nigerian Minister of State for Petroleum Resources, Chief Timipre Sylva, said almost 50% of the companies who won the bid for the fifty-seven (57) marginal oilfields have paid their...
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DPR Nigeria Reviews Five Terms in Gas Production Sharing Contracts

At a public hearing at the Nigerian National Assembly organised by the Joint Committee on Gas Resources and Petroleum Resources, Upstream and Downstream, the Chief Executive Officer of the Department...
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DPR Warns Marketers Against Hoarding Petroleum Products

In a statement issued in Lagos, Nigeria, on Tuesday, 2nd March 2021, the Director of the Department of Petroleum Resources, Auwalu Sarki, said the Department will not hesitate to apply...
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DPR Calls for Investors in Modular Refineries in Nigeria

Nigeria's Department of Petroleum Resources has wooed investors by stating it is ready to license more modular refineries, to help combat the problem of petroleum products scarcity in the country. Speaking...
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DPR Passes 161 Bidders to Final Stage of Nigeria’s 2020 Marginal Oilfield Bid Round

Nigeria's Department of Petroleum Resources (DPR) says it has successfully shortlisted 161 companies to advance to the next and final stage of the Country's 2020 Marginal Oilfield Bid Round process for...
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DPR Introduces New Guidelines for LPG Investors and Operators in Nigeria

The Department of Petroleum Resources in Nigeria (DPR) has rolled out new guidelines for the accommodation of more Liquefied Petroleum Gas (LPG) investors and operators across the country. The Department...
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Nigeria to Reach 40 Billion Barrels Oil Condensate Reserve by 2025

The Director of Nigeria's Department of Petroleum Resources, DPR, Sarki Auwalu, said he is optimistic that Nigeria will reach the target of 40 billion barrels oil condensate reserve by 2025....
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Chevron to Reduce its Workforce in Nigeria by 25%

Chevron Nigeria Limited has announced that is cutting its workforce by 25% as a result of the prevailing business climate caused by the COVID-19 pandemic which has led to low...
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