The Department of Petroleum Resources, DPR, yesterday, advocated that market forces should be allowed to determine gas prices, so as to guarantee the security of supply and demand of the commodity and also enable it to contribute meaningfully to Nigeria’s economic development. In a statement in Abuja, Director of the DPR, Engr. Sarki Auwalu noted that the right and market-based pricin...

The Department of Petroleum Resources (DPR) has outlined five critical levers for gas development as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for  economic transformation. A statement issued on Monday by Mr Paul Osu, Head, Public Affairs, DPR said Mr Sarki Auwalu, Director, DPR, made this known...

Chief Timipre Sylva, Minister of State for Petroleum Resources, says almost 50 per cent of companies who won the bid for Nigeria’s 57 marginal oilfields have paid their signature bonuses. The News Agency of Nigeria (NAN) reports that Sylva spoke with newsmen on Tuesday after the First Quarter 2021 Ministerial Governance Meeting in Lagos. NAN reports that a marginal field is any fie...

The Department of Petroleum Resources (DPR) said it generated over N2 trillion in 2020. Director/chief executive officer of DPR, Engr Sarki Auwalu, who made the disclosure while delivering a keynote address at the 2021 Oloibiri Lecture Series and Energy Forum, organised by the Nigeria Council, Society of Petroleum Engineers, in Abuja, said despite the challenges posed by the COVID-19 pan...

The Department of Petroleum Resources (DPR) has identified six key areas of operational excellence for Nigeria’s oil and gas industry, urging  stakeholders to build a culture in these specific areas. Mr Sarki Auwalu, Director, DPR, disclosed this on Thursday, during his keynote address at the 2021 Oloibiri Lecture Series and Energy Forum (OLEF). The event was organised by the Socie...

Department of Petroleum Resources (DPR) Tuesday sealed off five filling stations in Ilorin, the Kwara state capital. The offences ranged from over-pricing, under-dispensing and abscondment from the station, Controller Ilorin Field Office Sule Yusuf said. He told reporters in Ilorin, Kwara state capital after monitoring over 35 filling stations in the state capital. Yusuf, an eng...

The Department of Petroleum Resources (DPR), Kaduna Zonal Office, on Monday forced nine filling stations in the state to revert to the official pump price of N162 per litre. The DPR also warned petroleum product marketers against adjusting fuel dispensing metres and hoarding of products, insisting that marketers found culpable would face serious sanctions, including sealing off the pr...

THE Department of Petroleum Resources, DPR, Enugu Field Office, Monday, sealed eight petrol stations in Enugu for dispensing Premium Motor Spirit, PMS, above the approved government pump price. The Head, Operations, Mr Afam Azuike who announced, said the action was in reaction to public outcry over the weekend that petroleum marketers had arbitrarily increased the pump price PMS. O...