OIL & GAS
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FG Threatens To Revoke Dormant Oil Blocks Licences
The Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, threatened to withdraw oil blocks from owners that have failed…
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65% Tank Farms Dormant Due To Fuel Subsidy Removal
As the battle to control market share in the downstream sector rages on, no fewer than 70 tank farm owners…
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NASS Recovers Fresh $14m From Oil Companies
The National Assembly’s House of Representatives Public Accounts Committee has recovered an additional $14.2m (N21.4bn) from four oil and gas…
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P’Harcourt Refinery Hits 180-Day Non-Stop Operation — PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Federal Government and the management of the Nigerian…
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Benin, Togo Owe Nigeria $8.8m Electricity Debt — FG
Benin Republic and Togo owe Nigeria $8.84m for the electricity consumed in the fourth quarter of 2024. The Nigerian Electricity…
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Oil Earnings Threatened As Explosion Rocks 450,000bpd Pipeline
Nigeria’s daily oil output might be affected following an explosion that rocked a section of the Trans Niger Pipeline in…
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PENGASSAN Threatens To Withdraw Members From Upstream Operations
The Petroleum and Natural Gas Senior Staff Association of Nigeria has threatened to withdraw all its members from every upstream…
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Imported Petrol Landing Cost Drops To N797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil…
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Dangote Refinery Polypropylene Set To Hit Market
The Dangote oil refinery has commenced the startup of its polypropylene facility in Lagos. Media correspondent gathered that the polypropylene…
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Renaissance Completes Acquisition Of Shell Onshore Asset
Renaissance Africa Energy Holdings says it has successfully completed the landmark transaction between itself and Shell for the acquisition of…
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Again, Dangote Lowers Petrol Loading Cost To N815/litre
The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price…
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Finance Minister, NNPCL, Others Review Naira-For-Crude Policy
The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess…
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We’ve Enough Fuel To Meet Nigerians’ need — Dangote refinery
The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that the Dangote Petroleum Refinery currently has over 500…
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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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