OIL & GAS
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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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Oando Raises Oil Production Output By 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months. It…
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Nigeria Has Nothing To Lose From IOC Divestments – Minister
The Minister of States for Petroleum Resources (Oil) Heineken Lokpobiri, says the Federal Government has got nothing to lose even…
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Fuel Imports Hit 2.3bn Litres Despite Local Production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have…
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PH Refinery: 200 Trucks Load Daily, 150,000bpd Eleme Plant Dormant
After seven postponements, the Port Harcourt Refinery Company has finally commenced fuel production, promising a daily supply of about 200…
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Nigeria’s Oil Production Above OPEC Quota – NNPC
The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority say the country’s crude oil production has…
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Kainji, Jebba Power Plants lose N30bn
Kainji and Jebba power plants recorded about N30.5bn as losses caused by grid failures between 2022 and 2024. The amount…
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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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