OIL & GAS
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NNPC Evaluates Partnerships To Restart Warri, P’Harcourt Refineries
The Nigerian National Petroleum Company Limited is still evaluating technical and financial partnership options for the completion and long-term operation…
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NNPC To Deploy 70 Self-Service Filling Stations Nationwide
The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations across…
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Middle East Tensions Push Crude Towards $100
Global oil prices rose towards $100 per barrel on Tuesday as renewed fighting in the Middle East heightened fears of…
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Dangote Refinery: NMDPRA Mulls Legal Battle Over Access Restriction
The Nigerian Midstream and Downstream Petroleum Regulatory Authority is weighing its next move to prevent it from losing regulatory authority…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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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