OIL & GAS
-
Consumers Pay N1.2trn For Electricity In Six Months — NERC
Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to…
Read More » -
Court Stops NMDPRA From Shutting Dangote Refinery
A Federal High Court in Lagos has issued an interim injunction restraining the Nigerian Midstream and Downstream Petroleum Regulatory Authority…
Read More » -
FG Retains $300 Helicopter Landing Levy For Operators
Oil operators, licensees, lessees and helicopter service providers in the upstream petroleum sector will continue to pay a $300 levy…
Read More » -
Marketers Slam Dangote’s Plan To Stop Petrol Sales To Importers
Importers and petroleum marketers have kicked against the reported plan by the Dangote Petroleum Refinery and Petrochemicals to stop selling…
Read More » -
Dangote Considers Cutting Petrol Supply To Importers
The Dangote Petroleum Refinery and Petrochemicals says it is considering stopping the sale of petrol to major marketers that continue…
Read More » -
FG To Deploy 21 Dams For Power Generation
The Federal Government has said it is developing a policy on small-scale hydro projects to convert some 21 idle dams…
Read More » -
Dangote Raises Petrol To N1,200/l Despite Crude Price Decline
Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200…
Read More » -
FG Offers 70:30 Profit Oil Split For New Fields
The Federal Government has introduced a major fiscal incentive for new deep offshore oil and gas projects, allowing qualifying developments…
Read More » -
Nigeria Meets OPEC Quota For Third Straight Month
Nigeria met and exceeded the Organisation of the Petroleum Exporting Countries quota for the third consecutive month in July, despite…
Read More » -
FG Eyes $50bn Investments From 22 Offshore Projects
Nigeria’s upstream oil and gas sector is projected to attract between $30bn and $50bn in fresh offshore investments over the…
Read More » -
NNPC Posts N2.27tn Half-Year Profit Amid Oil Price Rally
The Nigerian National Petroleum Company Limited recorded a cumulative N2.275tn profit after tax in the first six months of 2026,…
Read More » -
TotalEnergies To Buy Shell’s Wind, Solar Business In Europe
French energy giant TotalEnergies said Monday that it had signed a deal with Shell to buy Shell’s European onshore renewable…
Read More » -
Nigeria Earns N24tn From Crude Exports In Six Months
Nigeria exported an estimated 182.2 million barrels of crude oil worth N24.02tn in the first half of 2026, as elevated…
Read More » -
Dangote Refinery To Consume 2.5% Of Globally Traded Crude
Dangote Refinery is expected to consume about 2.5 per cent of globally traded crude oil at full capacity, its President…
Read More » -
Gas Supply Cuts Push Indebted Power Plants Towards Collapse
Electricity generation companies have warned that Nigeria’s power plants are facing the risk of collapse as mounting unpaid debts continue…
Read More » -
143 Firms Battle For 50 Oil Blocks Today
The Nigerian Upstream Petroleum Regulatory Commission will open the decisive commercial phase of the 2025 oil and gas licensing round…
Read More » -
Oil Cargoes Meant For Naira-For-Crude Deal Supplied To Dangote – NNPC
The Nigerian National Petroleum Company Limited has insisted that it supplied all available crude oil cargoes allocated under the Federal…
Read More » -
Oil Extends Gains After Fresh US Strikes, Stocks Mostly Rise
Oil prices jumped again on Tuesday after fresh US strikes against Iran that marked a new escalation in hostilities that…
Read More » -
Namibian Firm Buys 52 Shell, Engen Filling Stations
Nasan Energies has acquired 52 Shell and Engen-branded filling stations across Namibia in a deal estimated at $50m, becoming the…
Read More » -
Dangote Dumps Naira, Begins Petrol Sales In Dollars
Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per litre, unveiling a new…
Read More »