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Tag Archives: Department of Petroleum Resources (DPR)

Motorists along Badagry Expressway cry out to DPR over fuel hoarding ring

DPR Sealing Filling Station

Just as the Department of Petroleum Resources (DPR), are intensifying its shut down of filling stations in Ibeju Lekki and Epe in Lagos for hoarding fuel and selling above pump ...

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Fuel Scarcity bites harder as motorists expect ease before weekend

NNPC 101

Since the sudden resurfacing of fuel scarcity last week, many motorists have continued to develop several conspiracy theories as the cause of the scourge. Whereas major marketers argue that the ...

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New tank farm on Creek Road, Apapa’ll suffocate the axis more—STOAN

Haastrup STOAN

The recent granting of approval by the federal government and the Department of Petroleum Resources (DPR), in particular has been described as ill-timed, ill-advised and negative to the already stressful ...

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Fear of uprising over winners in marginal field bid round delaying scheme


Key reason on why there is palpable uncertainty over the timeframe for the country’s next marginal field bid round, has been unveiled. Findings by Business Hilights showed that the interested ...

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Only Dangote, Ibeno refineries making progress out of 50 licencees—DPR


Contrary to news making the rounds that Nigeria may soon become net exporter of refined petroleum products due to growing number of private refineries springing up here and there, only ...

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FG to further crash oil production cost from $23 to $15 per barrel –Minister

Ibe Kachikwu

…Says only 2 out of 40 refinery licencees serious Whereas stakeholders’ in Nigeria’s oil and gas sector have continued to have reservations on the authenticity of oil production statistics being ...

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Seplat, other indigenous oil players spend over $10.4bn acquiring divested assets

Seplat petroleum

Leading drivers of Nigeria’s local content in oil and gas industry have given testimonies showing how their smartness in acquiring majority of divested infrastructures and assets by International Oil Companies ...

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At $150,000, refinery licensing fee still discouraging—Experts


Discordant voices have started trailing the review of fees for granting Licence to Establish (LTE) and Licence to Operate (LTO) of a petroleum refinery put at $150,000 by the Department ...

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New rule on cleaner fuel by July may spark off pump price hike soon—Survey

NNPC Headquarters

The chances of the Nigerian National Petroleum Corporation (NNPC) to begin to import less sulphur content come July, the agreed terminal date for end of dirty fuel are looking very ...

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How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years

Ibe Kachikwu

Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April ...

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