OIL & GAS
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FG Reviews 215 Gas Projects, Eyes $20bn Investment
The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday announced the review of over 215…
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Marketers To Halt Petrol Imports As Dangote Reduces Price
Petroleum marketers may be on the verge of shelving petrol importation in the near term following a fresh cut in…
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Oando Suspends Petrol Imports As Dangote Raises Output
Oando Plc says it has suspended petrol importation into the country as the commencement of domestic fuel supply by the…
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Stop Exporting Crude, OPEC Tells Nigerian Producers
The Chairman of the OPEC Board of Governors for 2025 has called on Nigerian oil producers to prioritise domestic refining…
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NNPCL Reiterates 2M Bpd Oil Output Target By 2027
The Nigerian National Petroleum Company Limited has announced an increase in Nigeria’s crude oil production to 1.7 million barrels per…
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No Installers For 400,000 Imported Meters, Minister Laments
The Minister of Power, Adebayo Adelabu, has raised concerns over the shortage of trained technicians in Nigeria’s power sector, revealing…
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Africa Imported $120bn Worth Of Oil In 2024 — Lokpobiri
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that African countries imported hydrocarbon resources valued at…
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Dangote Refinery Begins Construction for 1.4mbpd expansion
The Dangote refinery has officially begun construction work for the expansion of the facility from 650,000 barrels to 1.4 million…
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NNPC Loses N380bn Revenue In Sept
The Nigerian National Petroleum Company Limited has suffered a drop in both production and earnings, losing about N380bn in September…
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IOCs, Indigenous Firms Must Partner To Boost Gas Production — Shell
Shell has called for stronger collaboration between international oil companies and indigenous operators to accelerate gas development and position the…
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Nigeria To Demand Higher OPEC Quota, Says Lokpobiri
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria will demand a higher oil production…
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Cooking Gas Price Drops To N1,400/kg, Say Retailers
Retailers of cooking gas say the prices of the essential commodity have come down from N2,000 per kilogramme in the…
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Over 310m Litres Of Petrol Ready For Loading – Dangote
As the petrol price hike persists over the weekend, the Dangote refinery has challenged marketers to bring their trucks for…
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Marketers Confirm 600m Dangote Petrol Lifting Target
Independent petroleum marketers have confirmed that the Dangote Petroleum Refinery has set a target to release up to 600 million…
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FG Moves To Stop Installation of fake CNG kits
The Federal Government has taken steps to stop the use of substandard kits in the conversion of petrol/diesel-powered vehicles to…
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Shell, Sunlink Seal $2bn Deal For Nigeria’s HI Gas Project
Shell Nigeria Exploration and Production Company Limited, a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, has…
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DisCos Get N28bn Bailout For Free Meter Rollout
The Nigerian Electricity Regulatory Commission has approved the disbursement of N28bn to electricity distribution companies for the second phase of…
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Cooking gas: FG Fumes As Marketers Hike Dangote’s ‘Cheap’ LPG Prices
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has waded into the scarcity of liquefied petroleum gas, popularly…
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Nigeria’s Crude Output Drops To 1.39 Mbpd In September – Report
Nigeria’s crude oil production shrank to 1.39 million barrels per day in September 2025, marking the second consecutive month of…
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Crude Row Deepens As Refiners Reject 11M-Barrel Local Supply
The Nigerian Upstream Petroleum Regulatory Commission has disclosed that 11 crude oil cargoes offered to local refiners in a month…
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