OIL & GAS
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179 Oil Theft Incidents Uncovered In One Week – NNPCL
The Nigerian National Petroleum Company Limited says it uncovered 179 incidents of crude oil theft in the past week. The…
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FG Approves Licence For 10,000 Barrels Per Day Refinery
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for…
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Oil & Gas Stocks Rise As Trump Launches Energy Agenda
Oil and gas stocks rallied on Tuesday as the United States President Donald Trump unveiled an energy agenda at the…
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NNPCL Raises Petrol Price To N990 In FCT, N960 In Lagos
Retail outlets owned by the Nigerian National Petroleum Company Limited have raised the pump price of Premium Motor Spirit, also…
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Nigeria’s Oil Rig Count Now 32 – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32. The NUPRC Chief Executive,…
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Dangote Refinery Petrol Production Affecting European Markets – OPEC
The Organisation of the Petroleum Exporting Countries says the Dangote Petroleum Refinery and its efforts to ramp up Premium Motor…
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Nigeria Earned N50tn From Crude Oil In 2024 –Report
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by media revealed. Data obtained from the Nigerian Upstream…
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Depots Raise Petrol Price To N950/Litre
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. Media…
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Oil Export: NUPRC Begins Real-Time Tracking To Tackle Losses
The Nigerian Upstream Petroleum Regulatory Commission says it is set to enhance transparency and accountability in Nigeria’s oil and gas…
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Marketers, Oil Firms Sign Deal To Build 50,000bpd Refinery
Nigeria’s effort to boost its refining capacity seems to be paying off, as petroleum product retailers signed a deal with…
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Dangote Refinery Builds Eight More Tanks For Imported Crude
The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.…
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Oil Firms, Dangote Sign Deal For Affordable Petrol Supply
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium…
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NNPCL, States Differ As N’East Oil Exploration Remains In Limbo
The Nigerian National Petroleum Company Limited and officials of the Gombe and Bauchi state governments have expressed divergent views over…
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New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation…
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Yuletide: Dangote Refinery Slashes Petrol Price To N899.50
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid…
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Electricity Subsidies Rise To N199.6bn – NERC
The Nigerian Electricity Regulatory Commission has disclosed that the federal government’s electricity subsidies payable for December have risen by 2.76…
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FG Approves N263bn For Power Substations
The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first Phase of the Presidential Power Initiative, otherwise known…
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Dangote Refinery Exports Petrol To Cameroon
The Dangote Petroleum Refinery and Neptune Oil announced their first export of Premium Motor Spirit (petrol) to Cameroon, marking a…
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Oil Production Hits 1.7mbpd – FG
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels…
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150,000bpd P’Harcourt Refinery Plant 90% Completed – NNPC
The Nigerian National Petroleum Company Limited has confirmed that the ongoing repair of the new 150,000 barrels per day Port…
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