LONDON (Reuters) - From algorithms to track “dark” ships smuggling stolen crude oil to an online licensing system to undercut corruption, one Nigerian government agency hopes it can use new technology to tackle theft which has cost the country billions. But the initiative by the Department of Petroleum Resources (DPR) may be too late to stem the migration of energy majors to the relat...

Nigeria and Saudi Arabia plan to draft a memorandum of understanding on an oil and gas partnership that could lead to the construction of a new refinery and investments in liquefied natural gas, Nigeria’s petroleum ministry said on Friday. Nigeria imports the bulk of its petrol, despite being Africa’s biggest crude oil producer, due to its dilapidated refineries. Last month, Nigeria’s...

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on the directives of President Muhammadu Buhari, GCFR recently visited Saudi Arabia to explore wide areas of mutual collaboration especially in the midstream and downstream sector. Nigeria’s petroleum downstream sub-sector, especially refineries, pipelines and others may witness a major overhaul following ongoing...

Worried by the growing incidents of petroleum products smuggling across the nation’s border towns, the Nigerian National Petroleum Corporation, Nigeria Customs Service (NCS) and the Department of Petroleum Resources (DPR) have agreed to inaugurate a Joint Committee to tackle the menace headlong. The strategic move to tame the malaise was decided at a meeting at the Customs House in Abuja...

Meeting between DPR, GMD, NNPC and CG customs on how to stop diversion and smuggling of Petroleum products especially PMS to our neighboring countries....

The National Production Monitoring System recently deployed by the Department of Petroleum Resources as an accounting solution for crude oil and gas is expected to engender transparency, curb crude oil theft and also help the country ascertain its daily production, Ejiofor Alike reports A major challenge facing Nigeria’s oil and gas industry is crude theft, which has led to loss of bi...

Director of the Department of Petroleum Resources (DPR) Mr. Mordecai Ladan has restated his commitment to ensuring effective delivery of its regulatory mandate for the oil and gas industry. The DPR boss assured that the regulatory agency would exceed stakeholders’ expectations. Ladan was quoted to have given the assurance, in a statement signed by Mr Paul Osu, Head, Public Affairs of...

The Director of Petroleum Resources, DPR, Mordecai Danteni Baba Ladan has received an award for “Commendable Leadership in the Public Sector” from TEXEM UK. The award which was presented to the Director in Abuja, is in recognition of the Director's outstanding contributions, inspiring regulatory leadership policies, interventions and stakeholder engagement with indus...

Shortly after his appointment as Minister of State, Petroleum Resources by President Muhammadu Buhari, Ibe Kachikwu gave the Department of Petroleum Resources (DPR)’s management the task of reforming the oil and gas industry to enhance transparency and accountability, restore public and investors’ confidence and set a frame work that would change the pace of managing and administering th...