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. ...

The Bauchi office of the Department of Petroleum Resources (DPR) has embarked on a one-week sensitisation tour of filling stations and existing Liquefied Petroleum Gas plants (LPGs) on strict adherence to safety measures during the harmattan season. Malam Abdullahi Iliyasu, the operation controller of the department, made this known in an interview with the News Agency of Nigeria (NAN...

The Department of Petroleum Resources (DPR) has called on users and sellers of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to strictly  adhere to safety rules in the light of the harmattan season. Mr Musa Zarumai-Tambuwal, the DPR Operations Controller in charge of Sokoto and Kebbi states, gave the warning while speaking to newsmen on Wednesday, in Sokoto. Zaruma...

The Department of Petroleum Resources (DPR) says 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country. Mr Paul Osu, Head, Public Affairs, DPR, disclosed on Thursday in Lagos  that the firms were selected from the over 600 companies which applied for pre-qualification. Marginal field i...