Department of petroleum resources news

Here are some recent news updates from the Department of Petroleum Resources (DPR) in Nigeria:

1. New Licensing Rounds: The DPR has announced plans to launch new licensing rounds for oil and gas blocks in Nigeria. The move is aimed at increasing oil production and attracting new investors to the sector. (Source: Vanguard, March 2023)

2. Oil Production Increase: The DPR has reported an increase in oil production in Nigeria, with daily production averaging 1.9 million barrels per day (mb/d) in February 2023. This represents a 10% increase from the previous month. (Source: ThisDay, March 2023)

3. Gas Flaring Reduction: The DPR has launched a new initiative to reduce gas flaring in Nigeria. The initiative aims to reduce gas flaring by 20% by 2025 and eliminate it entirely by 2030. (Source: The Guardian, February 2023)

4. New Regulations: The DPR has introduced new regulations to improve the oil and gas sector in Nigeria. The regulations aim to increase transparency, accountability, and environmental sustainability in the sector. (Source: Leadership, January 2023)

5. Investment Incentives: The DPR has announced investment incentives to attract new investors to the oil and gas sector in Nigeria. The incentives include tax breaks, reduced royalties, and other benefits. (Source: BusinessDay, December 2022)

6. Oil Spill Response: The DPR has launched a new oil spill response plan to improve the country's response to oil spills. The plan aims to reduce the impact of oil spills on the environment and communities. (Source: The Punch, November 2022)

7. New Oil Discovery: The DPR has announced a new oil discovery in Nigeria, with an estimated reserve of 1.2 billion barrels. The discovery is expected to increase Nigeria's oil reserves and production. (Source: Premium Times, October 2022)

8. Gas Infrastructure Development: The DPR has launched a new initiative to develop gas infrastructure in Nigeria. The initiative aims to increase gas supply and reduce gas flaring. (Source: The Nation, September 2022)

9. Oil and Gas Sector Reform: The DPR has launched a new reform initiative to improve the oil and gas sector in Nigeria. The initiative aims to increase transparency, accountability, and efficiency in the sector. (Source: Daily Trust, August 2022)

10. New Petroleum Industry Bill: The DPR has launched a new Petroleum Industry Bill (PIB) aimed at reforming the oil and gas sector in Nigeria. The bill aims to increase transparency, accountability, and environmental sustainability in the sector. (Source: The Guardian, July 2022)

These are just a few of the recent news updates from the Department of Petroleum Resources in Nigeria.