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Get the Lastest Breaking News, Top stories on the Nigerian Department of Petroleum Resources (DPR), from Orient Energy Review.

Buhari Set to inaugurate National Oil, Gas Excellence Centre January 21

Buhari Set to Inaugurate National Oil, Gas Excellence Centre January 21

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In a bid to boost the operations of the nation’s petroleum sector, President Muhammadu Buhari will on January 21, virtually inaugurate the National Oil...
Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

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The Department of Petroleum Resources (DPR) said that it has successfully shortlisted 161 companies to advance to the final stage of the bid round...
Marginal Oilfields: Ijaw Leaders Asks Court to Halt Licencing Rounds

Marginal Oilfields: Ijaw Leaders Asks Court to Halt Licencing Rounds

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Three Ijaw leaders have approached the Federal High Court in Yenagoa to halt the process leading to bids for marginal oilfields located in their...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

Withdrawal of $21b from NLNG Account, Legal – NNPC

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        …Reps summon finance minister, othersThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has said that the withdrawal...
OML29: Court Adjourns to February 2021 on Aiteo, Bayelsa Communities Case

OML29: Court Adjourns to February 2021 on Aiteo, Bayelsa Communities Case

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The Federal High Court in Yenagoa, Bayelsa State, has adjourned to February 25, 2021 on the case between OML29 host communities and Aiteo Exploration...
FG Rolls Out Autogas Scheme Today — NGEP

FG Rolls Out Autogas Scheme Today — NGEP

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The Federal Government will on Tuesday, December 1 roll out the autogas scheme in Abuja as it moves to create alternative fuel for automobiles...
DPR Advises Petrol Stations to Obey Environmental Safety Protocols

DPR Advises Petrol Stations to Obey Environmental Safety Protocols

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Nigeria’s Department of Petroleum Resources (DPR) has harped on the need for petrol station owners nationwide and their workers to observe environmental safety rules...
The Nigerian National Petroleum Corporation, NNPC, has launched a tender process for fuel supplies in the country. It stated that this falls under the NNPC’s direct sale-direct purchase (DSDP) mechanism. Under this system, NNPC will provide monthly crude oil free on board (FOB) cargoes to suppliers, who shall provide petroleum products in return. In the process, companies must register interest by December 22 at 12 noon for the 2020-21 DSDP process. Documents should be submitted by January 21 and NNPC will open these bids online. The products will be on a delivered at place (DAP) basis, to designated ports in Nigeria. The fuel shall be equivalent in value to the crude oil received from NNPC. Under the ongoing process, three different types of company can participate, and they are Foreign refinery owners capable of processing Nigerian crudes, with a Nigerian affiliate or subsidiary. Also, Globally established traders, with Nigerian affiliates or subsidiaries and indigenous companies working in the downstream with trading expertise are qualified to bid. The DSDP contract will run for 12 months, starting at a yet to be revealed time. Bidders must demonstrate they meet various standards, such as audited accounts and minimum turnover thresholds. They must also meet Nigerian content requirements. The NNPC began the DSDP process in 2016 and expects to continue this until 2023. The Corporation awarded the last round of DSDP contracts in August 2019 and was due to expire in September 2020. However, these 2019-20 DSDP awards were extended by six months. Around 130 companies submitted bids in 2019, with 15 winning bids accepted. These included BP, Vitol, Gunvor and Trafigura, in addition to some local companies such as Sahara Energy and MRS Oil and Gas. NNPC included its own Duke Oil unit in the list of 15.

Nigeria’s Marginal Oilfields Crude Production Drops to 1.52mb in 7 months

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The Nigerian National Petroleum Corporation (NNPC) has said that marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in...
Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

Nigeria to Commission Two More Refineries, None Under Construction – DPR

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Latest update from the Department of Petroleum Resources (DPR), Nigeria’s oil and gas industry regulator, has listed the 7,000bpd OPAC refinery in Kwale, Delta...
DPR Set to Launch Automated Downstream Remote Monitoring Systems

DPR Set to Launch Automated Downstream Remote Monitoring Systems

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The Department of Petroleum Resources has announced plans to launch its newly established Downstream Remote Monitoring Systems for registration and accreditation of petroleum products...
Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction

Sylva inaugurates Techno Oil 8,400MT LPG terminal in Lagos

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The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday inaugurated the 8,400 Metric Tonnes (MT) Liquified Petroleum Gas (LPG)  terminal built...
DPR Advises Petrol Stations to Obey Environmental Safety Protocols

DPR Shuts 85 Illegal Gas Plants in Lagos – Controller

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This year, a total of 85 illegal gas plants have been shut down in Lagos Sate, the Department of Petroleum Resources (DPR), Lagos Zonal...
Marginal Oilfield Bid Round: DPR Shortlists 161 Companies for Final Stage

Yuletide: DPR Warns Marketers Against Arbitrary Products’ Price Hike

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The Department of Petroleum Resources (DPR) in Enugu State has warned petroleum products marketers against arbitrary hike in pump prices and illegal pump adjustments...

OVH Depot Fire: Incident Won’t Disrupt Petrol Supply, MOMAN Assures

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        … DPR says fire has been contained The Major Oil Marketers Association of Nigeria (MOMAN) has assured members of the public that the fire...
DPR boss bags Society of Chemical Engineers fellowship

DPR Boss Bags Society of Chemical Engineers Fellowship

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The Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has been elected as a Fellow of the Nigerian Society of Chemical Engineers (NSChE). The...
DPR Set to Launch Automated Downstream Remote Monitoring Systems

Cylinder to Cylinder Gas Refilling, Now Prohibited, DPR Warns

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The Department of Petroleum Resources (DPR) has warned Liquefied Petroleum Gas (LPG) retail outlets against cylinder to cylinder gas refilling and decanting because of...
Winners of Nigeria 2020 Marginal Bid Round Awaiting Buhari’s Nod

Winners of Nigeria 2020 Marginal Bid Round Awaiting Buhari’s Nod

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After a three and a half month-long exercise, Nigeria’s Department of Petroleum Resources (DPR) has concluded this year 2020 Marginal Fields bid round, and...
DPR Score Nigerian Oil Industry High in Pandemic Management

DPR Score Nigerian Oil Industry High in Pandemic Management

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The Department of Petroleum Resources (DPR) score the Nigerian oil and gas industry performed above global average in the management of the coronavirus pandemic...

Productions from Ogbele Marginal Field hit 19m Barrels, 90bscf of Gas

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Ogbele marginal field, located in oil mining lease (OML) 54, in Rivers State, is Nigeria’s first marginal fields to produce oil and gas in...
National Assembly to Pass PIB into Law in April – FG Says

New PIB Proposes Single Regulator for Midstream, Downstream Oil Sector

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The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in midstream and downstream oil industry, under...
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