Tag Archives: DPR

The Department of Petroleum Resources (DPR) , says it will establish training centres in all the zones across the country for training of all filling stations’ personnel. Mr Amos Bernard, Head of Operation, Gombe state Field Office, stated this at an interactive session with marketers of petroleum products in Gombe on Wednesday. “The aim of establishing the centres is to …

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Olabode Adaramola The Department of Petroleum Resources (DPR) has closed down 13 filling stations in Niger state for selling above approved pump price. The state Comptroller, DPR, Engnr. Abdullahi  Isah Jankara stated this at the weekend in Minna. He said that the closed stations were     discovered to be dispensing fuel at N205 to N250 per litre during inspection …

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The Nigerian National Petroleum Corporation (NNPC) on Tuesday said out of the 35 interests that were indicated in modular refineries, the Department of Petroleum Resources (DPR) had issued licences to 13. The Group Managing Director, Dr. Maikanti Baru, who made this disclosure, said he had already been invited to the ground breaking of the first one in Bayelsa State in …

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The Department of Petroleum Resources said it has sealed 16 filling stations for selling petrol above N145 per litre pump price. The Operations Controller of DPR in Akwa Ibom, Mr. Tamunoiminabo Sundaye, disclosed this in an interview with the News Agency of Nigeria in Eket on Monday. Sundaye, however, said some of the affected stations had paid the penalty and had signed …

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Oando PLC, Nigeria’s largest indigenous Oil & Gas Company has finally reacted strongly to the Securities & Exchange Commission’s (SEC’s) alleged findings following an investigation into the company which began in May of this year, following a petition filed by Ansbury Inc. and Alhaji Dahiru Mangal. SEC on Wednesday, 18 October 2017 had published a statement on its website detailing …

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Forte Oil Plc Raises N9bn 5-year Fixed Rate Bond Forte Oil Plc, one of the leading indigenous energy service provider, has successfully raised N9billion bond under its N50billion bond issuance programme. The funds raised will be used to refinance existing short term commercial bank loan obligations and to finance the retail outlet expansion of the company. The company has an …

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  Oando Eyes Profitability; Posts Increased Revenue of N330bn Oando Plc, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced unaudited results for the nine months period ended 30 September, 2016. The company’s turnover increased by 26 per cent to N330 billion, compared to N262 billion in YTD September 2015, while Gross Profit decreased …

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A cross section of shareholders at Conoil Annual General Meeting held in Uyo, Akwa Ibom State on Friday…Pix    

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President Muhummadu Buhari President Muhummadu Buhari has unveiled Seven Big Wins, as part of short to medium term strategy framework with robust priorities to grow Nigeria’s oil and gas sector. The seven big wins to revamp and revive the sector will focus on key areas including Niger Delta development and security of the oil producing region; policy and regulation; business environment …

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Q3: Conoil Sustains Profitability With 54% Increase Conoil Plc sustained its impressive performance so far this year with yet an encouraging 54 per cent increase in its Profit Before Tax for the nine-month period ended September 30. The performance of the major fuel marketer showed that it continued to brave the stifling operating environment in the downstream sector of the …

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