OIL & GAS
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Global Oil Firms Eye Nigeria’s 2025 Licensing Round
NIGERIA’S forthcoming 2025 Licensing Round is already drawing early interest from global oil players, following renewed confidence in the Nigerian…
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15% Tariff Policy Never Influenced Petrol Price Drop — Dangote Refinery
Dangote Petroleum Refinery has dismissed claims that the recent fall in petrol pump prices was triggered by the Federal Government’s…
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FG Plans 500 CNG Stations To Cut Petrol Use
The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as…
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AKK Gas Pipeline Project Nearing Completion — Ogunleye
The Executive Vice President PI CNG Olalekan Ogunleye has said that the AKK pipeline, valued at $2.8 billion, is nearing…
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Conoil, TotalEnergies Sign Oil production Deal In Paris
A major boost for Nigeria’s oil and gas production could be on the way, after Conoil and TotalEnergies signed a…
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We’ll Run NNPC Transparently — Kida
The chairman, board of the Nigeria National Petroleum Company (NNPC) Limited, Ahmadu Musa Kida, has said the board under him,…
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FG Reviews 215 Gas Projects, Eyes $20bn Investment
The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday announced the review of over 215…
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Marketers To Halt Petrol Imports As Dangote Reduces Price
Petroleum marketers may be on the verge of shelving petrol importation in the near term following a fresh cut in…
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Oando Suspends Petrol Imports As Dangote Raises Output
Oando Plc says it has suspended petrol importation into the country as the commencement of domestic fuel supply by the…
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Stop Exporting Crude, OPEC Tells Nigerian Producers
The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining…
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NNPCL Reiterates 2M Bpd Oil Output Target By 2027
The Nigerian National Petroleum Company Limited has announced an increase in Nigeria’s crude oil production to 1.7 million barrels per…
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No Installers For 400,000 Imported Meters, Minister Laments
The Minister of Power, Adebayo Adelabu, has raised concerns over the shortage of trained technicians in Nigeria’s power sector, revealing…
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Africa Imported $120bn Worth Of Oil In 2024 — Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that African countries imported hydrocarbon resources valued at…
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Dangote Refinery Begins Construction for 1.4mbpd expansion
The Dangote refinery has officially begun construction work for the expansion of the facility from 650,000 barrels to 1.4 million…
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NNPC Loses N380bn Revenue In Sept
The Nigerian National Petroleum Company Limited has suffered a drop in both production and earnings, losing about N380bn in September…
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IOCs, Indigenous Firms Must Partner To Boost Gas Production — Shell
Shell has called for stronger collaboration between international oil companies and indigenous operators to accelerate gas development and position the…
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Nigeria To Demand Higher OPEC Quota, Says Lokpobiri
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria will demand a higher oil production…
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Cooking Gas Price Drops To N1,400/kg, Say Retailers
Retailers of cooking gas say the prices of the essential commodity have come down from N2,000 per kilogramme in the…
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Over 310m Litres Of Petrol Ready For Loading – Dangote
As the petrol price hike persists over the weekend, the Dangote refinery has challenged marketers to bring their trucks for…
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Marketers Confirm 600m Dangote Petrol Lifting Target
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million…
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