OIL & GAS

ExxonMobil Sues Investors 

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a…

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Nigeria’s Crude Oil Production Rises To 1.4mbd – OPEC

Nigeria’s crude oil production rose to 1.418mbpd in December 2023, a report by the Organisation of the Petroleum Exporting Countries…

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10,166 Illegal Refineries, Connections Destroyed In Three Years – NNPCL

Mele Kyari, GCEO, NNPCL The Nigerian National Petroleum Company Limited, on Wednesday, said a total of 10,166 illegal refineries and…

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Eterna Becomes Official Distributor Of Dangote Refinery

Eterna PLC, an integrated energy provider in Nigeria, said it has become an official domestic sales distributor of the new…

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FG Suspends Electricity Tariff Hike, Power Subsidy Hits N1.6tn

A Power Transmission System The Nigerian Electricity Regulatory Commission, on Wednesday, released the 2024 electricity tariffs which showed that the…

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Dangote Investors Gain N514bn After Refinery Takeoff

Investors in the Dangote Group shares on Tuesday gained N514bn following an announcement that the Dangote Refinery had commenced production.…

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NNPCL Mulls P’Harcourt Refinery Handover To Private Operators

As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand…

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FG Issues 13 New Power Generation, Distribution Licences

The Federal Government through the Nigerian Electricity Regulatory Commission has issued 13 new licences for the generation of off-grid and…

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Seven Major Marketers Get Approval To Sell Dangote Fuel

The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of…

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Report Ranks Nigeria 22nd Country With Cheapest Petrol

A new report has revealed vast differences in gasoline costs across the world, with Nigeria ranked 22nd in the cheapest petrol price…

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NERC Threatens Discos With Sanctions For Rejecting Power

The Nigerian Electricity Regulatory Commission has expressed concern over the electricity load rejection by power distribution companies despite the blackout witnessed…

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OPEC Links Nigeria’s Economic Growth To Non-Oil Sector

The Organisation of the Petroleum Exporting Countries said the Nigeria’s economic growth in the third quarter of 2023 “exceeded expectations”.…

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P’Harcourt Refinery To Complete tTest-Run This Month -NNPCL

Port Harcourt Refinery The Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery…

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Seplat Energy Completes ANOH Gas Plant

Seplat Energy PLC, an independent energy company in Nigeria, has announced the completion of its ANOH gas plant. Seplat Energy,…

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FG Eyes 750,000 Jobs With Gas Initiative

The  Project Director and CEO of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, has revealed that the Federal Government…

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NNPCL, Marketers Clash Over Subsidy, Operators Peg Petrol At N1,200/litre

The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria,…

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Dangote Refinery Gets Another One Million Crude Barrels

Dangote Refinery Company The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light…

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More Traders Replace USD With Other Currencies For Oil Transactions

• More Nigerian operators seek naira adoption Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as…

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Oil Revenue Crashes By N289.6bn As Output Falls

Oil worker Nigeria lost about N289.6bn crude oil revenue in November 2023 following a plunge in the country’s oil output…

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Create Fair Market Conditions, Oil Marketer Tells NNPCL

The Managing Director and Chief Executive Officer of Petrocam Trading Nigeria Limited, Patrick Ilo, has called on the Nigerian National…

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