The Department of Petroleum Resources (DPR), yesterday, disclosed that majority of the crude oil theft recorded in the country’s petroleum industry occur in the inland terminals, noting that it is practically impossible to steal crude oil from the offshore terminals. In a statement issued by its Head, Public Affairs, Mr. Paul Osu, in Abuja, Director of the DPR, Engr. Sarki Auwalu, exp...

The Director and Chief Executive Officer of the Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has said that the federal government is moving the headquarters of the industry regulator from Lagos to Abuja for the sake of centrality.  Speaking at the ground-breaking ceremony in Abuja, Auwalu, noted that the organisation would continue to work hard to defend the confidence re...

The Department of Petroleum Resources (DPR), has urged operators of filling stations and gas plants in Adamawa to abide by all safety guidelines to avoid disaster. Alhaji Sadiq Ibrahim, DPR Operation Controller in the state made the call at a stakeholders meeting on Friday in Yola. According to him, safety is the number one priority in the business to save life and property. Ibr...

The Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Thursday. Sylva said this on the side-lines of the groundbreaking and foundation laying ceremony of the headquarters building of the Department of Petroleum Resources in Abuja. He said, “Of...

Until the COVID-19 pandemic, the formula for reduced, competitive, and sustainable production cost scheme in Nigeria seemed evasive. With the reality of low oil prices and uncertainty about energy demand, producers are beginning to turn their safety valve beyond production quota. At a production cost of $93 a barrel, the Federal Government believes the norm has to be reversed, hence t...

The Department of Petroleum Resources (DPR) has blamed gas explosions and fire accidents in the country on lack of compliance with safety guidelines by retail outlets. It warned of dire consequences if the trend continued, insisting that gas dealers in the black market were particularly culpable and should be held accountable for the incidents. Speaking during the zonal annual gene...

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...