DPR targets N3.2 trillion revenue by December 2021
“This year, our revenue budget was N3.2 trillion. By the end of August 2021, we have generated up to 70 per cent.
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Nigerian Gas Association holds learning solutions training series on July 27
The Nigerian Gas Association (NGA) has announced that it will hold a three-day learning solutions training event series entitled: ‘Understanding the natural gas value chain end to end’.
BUA, 27 others now have active refinery licences—DPR
The Department of Petroleum Resources said on Tuesday that 28 investors, including BUA Refinery & Petrochemicals Limited, have active refining licences.
FG to earn N7.9bn from 161 firms shortlisted for Marginal Field Bid Round
The Federal Government is estimated to generate a total revenue of N7.9bn from the 161 companies shortlisted to advance to the final stage of the marginal fields bid round launched seven months ago.
FG tightens requirements for setting up gas plants
The Department of Petroleum Resources, (DPR), on Sunday released guidelines for the establishment and operations of downstream gas facilities across the country, stating that companies seeking to establish gas-dispensing facilities would be required to obtain three approvals and licences, among others, before commencing operations.
Gas can guarantee Nigeria’s economic security —Neconde Energy Head of Gas Ventures, Chichi Emenike
We need to open up the market for investments. We have talked about this for too long and fortunately, Nigeria is strategically positioned to even become a hub for gas in Africa. Even if we don’t do the entire Africa, we can start along the corridors within the Gulf of Guinea and to take the gas outside to the world but we need to open up domestically across the value chain from here into the West African region.
Over 600 firms bid for Nigeria’s 57 marginal oilfields —DPR
“If you are making a bid or auctioning any oil field, you need to get 10 people per field really going after the field. We have 57 fields and we have over 600 companies. So we can say that we are celebrating success so far.
What it takes to get a marginal oil and gas field in Nigeria
Nigeria’s marginal fields licensing rounds have been the cornerstone of Nigeria’s upstream local content development strategy since the early 2000s. Following its marginal fields licensing rounds in 2001 and 2013, the Nigerian Department of Petroleum Resources (DPR) recently released guidelines on the 2020 licensing round. Under the 2020 licencing round, a total of 57 fields…
Court stops FG from auctioning 11 abandoned oilfields
The companies whose licenses were revoked appealed the decision of the Nigerian Department of Petroleum Resources and the federal high court granted this week an injunction, preventing the government from auctioning off the 11 oilfields “pending the determination of the substantive suit.
NNPC, DPR, stakeholders mull new measures to sanitise oil sector
By Oke Peter Stakeholders in the nation’s oil and gas sector on Thursday, in Abuja, called for collaborative measures to end sharp practices that could undermine safety of lives, investments and properties in the country. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru; Chairman, House of Representatives Committee on Petroleum…