OIL & GAS
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Nigeria Should Be Producing Up To 4mbpd — OPEC
Ademola Adeyemi-Bero The Chairman of the Board of Governors of the Organisation of the Petroleum Exporting Countries, Ademola Adeyemi-Bero, has…
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FG Reduces Oil Theft To 5,000bpd
The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced…
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‘Substandard Petrol’: Nigerians Demand Probe As Retailers Back NNPCL
Nigerians have called on the Federal Government to conduct fresh tests to confirm the quality of petrol sold in filling…
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Nigeria Exceeds OPEC Quota As Oil Output Surpasses 1.5mbpd
Nigeria has finally met the quota set for it by the Organisation of the Petroleum Exporting Countries, a report by…
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Oil-Producing States Battle N1.3tn Despite N2.8tn Derivation Allocation
Oil-producing states in Nigeria have received a total of N2.85tn in 13 per cent derivation revenue between 2022 and 2024,…
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Dangote Refinery Reduces Diesel Price To N1,020/Litre
Dangote Petroleum Refinery and Petrochemicals says it has reduced the cost of its diesel to N1,020 per litre, down from…
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Crude Producers Diverting 500,000bpd Meant For Local Refineries, PETROAN Alleges
The Petroleum Products Retail Outlets Owners Association of Nigeria has alleged that oil producers are diverting the daily 500,000 barrels…
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Govt Releases Power Tariff Hike Guidelines For Discos
As controversies trailed the purported electricity tariff hike by the Federal Government, the Nigerian Electricity Regulatory Commission has issued regulations…
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Oil Firms Must Supply Local Refineries Or Lose Export Permits – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has directed exploration and production companies to strictly adhere to the Crude Oil Supply…
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Petrol Price Drops To N925/litre At Private Depots
The loading cost of Premium Motor Spirit (petrol) at private depots dropped to N925 per litre on Monday. The amount…
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Electricity Tariff Hike Looms As FG Plans To End Subsidy
Power consumers have opposed plans by the Federal Government to raise electricity tariffs by over 66 per cent, from N116.18…
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FG Approves 25-Year Licence For 10 Gas Distribution Companies
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has issued a 25-year gas distribution licence to…
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Marketers Fear Epileptic Fuel Supply Over Unstable PMS Prices
Petroleum product marketers have expressed fears that the instability in the prices of Premium Motor Spirits (petrol) may lead to…
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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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