OIL & GAS
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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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Depots Raise Petrol Price To N950/Litre
The loading cost of Premium Motor Spirit (petrol) and other refined petroleum products at the depots increased on Monday. Media…
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Oil Export: NUPRC Begins Real-Time Tracking To Tackle Losses
The Nigerian Upstream Petroleum Regulatory Commission says it is set to enhance transparency and accountability in Nigeria’s oil and gas…
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Marketers, Oil Firms Sign Deal To Build 50,000bpd Refinery
Nigeria’s effort to boost its refining capacity seems to be paying off, as petroleum product retailers signed a deal with…
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Dangote Refinery Builds Eight More Tanks For Imported Crude
The Dangote Petroleum Refinery is building eight more tanks in its bid to have enough storage for imported crude oil.…
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Oil Firms, Dangote Sign Deal For Affordable Petrol Supply
The Dangote Petroleum Refinery says Heyden Petroleum and Ardova Plc have joined it to ensure the supply of affordable Premium…
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NNPCL, States Differ As N’East Oil Exploration Remains In Limbo
The Nigerian National Petroleum Company Limited and officials of the Gombe and Bauchi state governments have expressed divergent views over…
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New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation…
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Yuletide: Dangote Refinery Slashes Petrol Price To N899.50
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid…
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Electricity Subsidies Rise To N199.6bn – NERC
The Nigerian Electricity Regulatory Commission has disclosed that the federal government’s electricity subsidies payable for December have risen by 2.76…
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FG Approves N263bn For Power Substations
The Federal Executive Council on Monday approved N262.75bn (€161.33) for the first Phase of the Presidential Power Initiative, otherwise known…
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Dangote Refinery Exports Petrol To Cameroon
The Dangote Petroleum Refinery and Neptune Oil announced their first export of Premium Motor Spirit (petrol) to Cameroon, marking a…
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Oil Production Hits 1.7mbpd – FG
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels…
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150,000bpd P’Harcourt Refinery Plant 90% Completed – NNPC
The Nigerian National Petroleum Company Limited has confirmed that the ongoing repair of the new 150,000 barrels per day Port…
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Oando Raises Oil Production Output By 50%
Oando Plc says it has increased its crude oil production output by almost 50 per cent in three months. It…
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Nigeria Has Nothing To Lose From IOC Divestments – Minister
The Minister of States for Petroleum Resources (Oil) Heineken Lokpobiri, says the Federal Government has got nothing to lose even…
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Fuel Imports Hit 2.3bn Litres Despite Local Production
Despite the commencement of petrol production by two major refineries in Nigeria in the last three months, oil marketers have…
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PH Refinery: 200 Trucks Load Daily, 150,000bpd Eleme Plant Dormant
After seven postponements, the Port Harcourt Refinery Company has finally commenced fuel production, promising a daily supply of about 200…
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