OIL & GAS
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NNPCL Begins Utapate Crude Sale To Global Refiners
The Nigerian National Petroleum Corporation Limited says it has commenced sales of its latest crude oil grade, the Utapate crude…
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Oil Reserves Plunge By 50bn Barrels As Investments Shrink
The Nigerian Upstream Petroleum Regulatory Authority says the country’s oil reserves declined by 50 billion barrels over 14 years. According…
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Dangote Refinery Begins Fuel Export To W’African Countries
The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to…
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Oil Earnings May Hit N6.9tn Monthly As Production Rises
The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company…
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Dangote: IPMAN Members Load Petrol N990/litre
The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit,…
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SON, NMDPRA Test Imported Petrol, Marketers Reply Dangote
The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority certify the imported Premium Motor Spirit,…
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FG Panel Blames Poor Maintenance For Grid Collapses
The Federal Government has revealed that a poor maintenance culture and inadequate and aged equipment, among other challenges, are the…
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Transcorp Power targets 150MW boost amid gas shortages
Owen Omogiafo, the Group Chief Executive Officer of Transcorp Group, has revealed that Transcorp Power is aiming to generate an…
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OPEC Lifts October Production Ahead of Planned Production Hikes
OPEC’s production increased by 370,000 barrels per day in October, a new Bloomberg survey has found. OPEC’s October production increase—thanks…
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Again, NNPCL Hikes Petrol Price, Fixes N1,060/litre
Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the…
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FG Bans Cooking Gas Export Over Rising Prices
The Federal Government has stopped the export of locally produced Liquefied Petroleum Gas, also known as cooking gas, to prioritise…
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Dangote Refinery: Aviation Fuel Imports Crash By 8,000bpd
The Dangote Petroleum Refinery has reduced the importation of aviation into Nigeria from 13,000 barrels per day in 2023 to…
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Nigeria Supplies Togo, Benin 24-Hour Power Supply – TCN
The Managing Director and CEO of the Transmission Company of Nigeria, Sule Abdulaziz, has disclosed that Nigeria supplies 24-hour electricity…
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Chevron Discovers New 17,000bpd Oil Field – Report
Chevron Nigeria Limited, a subsidiary of Chevron Corporation, has announced the discovery of a new oil field estimated to hold…
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NNPC Still Sole Dangote Petrol Buyer – Marketers
The Nigerian National Petroleum Company Limited is still the sole off-taker of Premium Motor Spirit, popularly called petrol, from the…
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Cooking Gas Price Jumps To N1,500/Kg
As Nigerians struggle with the high cost of petrol, the price of Liquefied Petroleum Gas, also known as cooking gas,…
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Dangote To Take 400,000 Bpd Of Nigerian Crude
Dangote oil refinery is poised to process up to 400,000 barrels of crude per day (bpd) over the next two…
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Why Naira Stability Hinges On 2m BPD Of Oil
The Nigerian government is counting on oil to help shore up the battered naira, and industry operators say it must…
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Marketers To Begin Direct Dangote Petrol Purchase 9th October 2024
Major oil marketers are to begin the direct purchase of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum…
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Buy Equity In Local Refineries, FG Tells NNPC
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited to acquire…
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