The Department of Petroleum Resources has warned those who indulge in illegal sale of Liquefied Petroleum Gas and other sharp practices to desist from such henceforth. It said ‘black market’ gas distribution was a serious danger to the gas sector. Operations Controller, DPR, Warri Zonal Office, Mr Antai Asuquo, gave the warning at the 2020 Annual General Meeting of the DPR, Warri Z...

President Muhammadu Buhari on Thursday inaugurated the National Oil and Gas Excellence Centre (NOGEC) Lagos, aimed at strengthening Nigeria’s position as a regional leader in the oil and gas industry. Buhari said the establishment of NOGEC, situated at the Lagos Annex of the Department of Petroleum Resources (DPR), would enhance safety, value and cost efficiency in Nigeria’s petroleum...

President Muhammadu Buhari, on Thursday, pledged to continue the Federal Government’s economic diversification through the utilisation of oil and gas revenues. Speaking at the virtual inauguration of the National Oil and Gas Excellence Centre at the Department of Petroleum Resources headquarters, Lagos, he said: ”You would recall that at the beginning of this administration, we set a cle...

A new infrastructure; National Oil and Gas Excellence Centre (NOGEC), built by the Department of Petroleum Resources (DPR), aims to address critical challenges and create a more stable and sustainable business environment. The project, billed to be inaugurated by President Muhammadu later this month, will, according to the Director of DPR, Sarki Auwalu, drive safety, value and cost ef...

Buhari to inaugurate National Oil and Gas Excellence Centre, Lagos Jan. 21 President Muhammadu Buhari will on Jan. 21 virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC) Lagos, as part of effort to boost the operations of the nation’s petroleum sector. Mr Paul Osu, Head, Public Affairs, Department of Petroleum Resources (DPR), made the announcement in a statemen...

WITH the recent shortlisting of 161 indigenous companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country, the Nigerian oil and gas industry is expected to witness tremendous growth in no distant time. The 161 successful companies were selected from the over 600 that applied for pre-qualification, again showing that the Federal G...

For the oil and gas industry, year 2020 remains unusual in the highs and lows of economic cycles. The downturn caused by COVID-19, however, has not only put many companies at risk but also oil-dependent nations like Nigeria. Defying the odds, the Federal Government, through the Department of Petroleum Resources (DPR), amid other measures, decided to leverage its marginal fields for the d...

Emmanuel Addeh appraises the journey so far in the award of marginal fields announced by the federal government, through the Department of Petroleum Resources, last year In June last year, the federal government commenced the process of awarding marginal oilfields to qualified bidders, especially indigenous oil and gas companies that had shown capacity and resilience over the years. ...