OIL & GAS
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Nigeria’s Oil Output Hits 74-Month High, Beats OPEC Quota
Nigeria’s crude oil production has climbed to its highest level in more than six years, with the country exceeding its…
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Only 217,784 Meters Installed Under $500m Power Project – Report
The Federal Government’s free electricity metering programme, launched with a $500m World Bank loan to close Nigeria’s metering gap by…
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OPEC+ Raises Quotas Again As Middle East Calms
Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East…
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NMDPRA: Cooking Gas Exports Persist Despite Local Deficit
Domestic producers of Liquefied Petroleum Gas, popularly known as cooking gas, exported thousands of metric tonnes of the product and…
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FG Targets Oil Theft Through Youth Engagement, Community Development
The Nigerian Upstream Petroleum Regulatory Commission and the Federal Ministry of Defence have agreed to strengthen collaboration on the protection…
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Crude Falls After 19m Barrels Cross Hormuz Strait
President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait…
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Stakeholders Seek Stronger Enforcement, Approach To Track Gas Flaring
Stakeholders in Nigeria’s extractive sector have raised concerns over the human and environmental consequences of methane emissions and gas flaring…
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Crude Oil Prices Fall As US–Iran Peace Deal Boosts Global Equities
Oil prices tumbled, and stocks soared on Monday after the United States and Iran said they had reached a deal…
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