OIL & GAS
-
Seplat Completes Onshore Assets Conversion
Seplat Energy Plc has completed the conversion of its operated onshore assets to the Petroleum Industry Act fiscal regime, replacing…
Read More » -
Dangote Launches N739/litre Petrol At MRS Stations Nationwide
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre…
Read More » -
Petroleum Regulators Pledge Reforms To Unlock Investments
President Bola Tinubu’s nominees for the leadership of Nigeria’s petroleum regulators on Thursday pledged sweeping reforms aimed at plugging value…
Read More » -
Global Oversupply Leaves Nigerian Crude Unsold
Nigerian crude oil sellers are struggling to find buyers on the global market, even as the Dangote Petroleum Refinery recently…
Read More » -
GENCOs’ DEBT: FG Set To Launch N1.23trn Power Sector Bond
The Federal Government has finalised plans to launch a N1.23 trillion Power Sector Bond as part of a broader N4…
Read More » -
Dangote Names N739 As New Petrol Pump Price
Barring any last-minute change, MRS and other partners of the Dangote Petroleum Refinery are set to begin selling petrol at…
Read More » -
Local Refining Boom Slashes Petrol Imports By N6tn
Nigeria’s petrol import bill fell sharply in the first nine months of 2025, dropping by N6.07tn compared with the same…
Read More » -
Dangote Receives Second Ghana Crude Cargo — Report
The Dangote Petroleum Refinery has taken delivery of its second-ever crude cargo from Ghana, a move that coincides with a…
Read More » -
Oil Output Rose By 35,000bpd In November – Report
Nigeria recorded one of the strongest month-on-month production gains among Organisation of the Petroleum Exporting Countries members in November 2025,…
Read More » -
Dangote Refinery, Others Cut Petrol Gantry Price To N840 Per Litre
The Dangote Petroleum Refinery and other major depot operators have reduced the average gantry price of Premium Motor Spirit, PMS,…
Read More » -
Crude-For-Loans: NNPCL Battles N8.07tn Outstanding Debt
The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of…
Read More » -
NNPC Raises Investment In Non-Working Refineries To N2.92tn
The Nigerian National Petroleum Company Limited increased its investment in the country’s three non-operational refineries to N2.92tn in 2024, even…
Read More » -
Dangote Partners Honeywell To Raise Refinery Capacity To 1.4m Bpd
Dangote Group has announced a strategic partnership with Honeywell International Inc. to support the next phase of expansion at the Dangote…
Read More » -
GENCOS Reject FG’s Offer To Forfeit 50% Of N5trn Debt
– Govt sets up NBET Bond SPV – NBET novates liability to new company – It sends wrong signal to…
Read More » -
Audit Uncovers Over N61bn Payment Breaches In NNPC
The Office of the Auditor-General for the Federation has uncovered 28 major financial irregularities linked to the Nigerian National Petroleum…
Read More » -
Global Oil Firms Eye Nigeria’s 2025 Licensing Round
NIGERIA’S forthcoming 2025 Licensing Round is already drawing early interest from global oil players, following renewed confidence in the Nigerian…
Read More » -
15% Tariff Policy Never Influenced Petrol Price Drop — Dangote Refinery
Dangote Petroleum Refinery has dismissed claims that the recent fall in petrol pump prices was triggered by the Federal Government’s…
Read More » -
FG Plans 500 CNG Stations To Cut Petrol Use
The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as…
Read More » -
AKK Gas Pipeline Project Nearing Completion — Ogunleye
The Executive Vice President PI CNG Olalekan Ogunleye has said that the AKK pipeline, valued at $2.8 billion, is nearing…
Read More » -
Conoil, TotalEnergies Sign Oil production Deal In Paris
A major boost for Nigeria’s oil and gas production could be on the way, after Conoil and TotalEnergies signed a…
Read More »
