OIL & GAS
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Dangote Launches Nationwide Fuel Distribution Amid Tanker Blockade
The Dangote Petroleum Refinery has announced plans to begin a nationwide distribution of Premium Motor Spirit (petrol) and Automotive Gas…
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Brent Bounce: Nigerian Crude Hits $77 As Israel-Iran Tensions Boil
Nigeria’s major crude grades—Bonny Light, Brass River, and Qua Iboe—rose above $77 per barrel on Friday and sustained the rise…
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NNPCL Remits N4.2tn To Govt, Continues Refinery Upgrade
The Nigerian National Petroleum Company Limited on Thursday revealed that the total statutory payments it made to the federation account…
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FG To Revoke Dormant Oil Licences With New Policy
The Nigerian Upstream Petroleum Regulatory Commission has told oil producers that it is set to implement the ‘drill or drop’…
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Gas Producers Urge FG To Clear Legacy Debt
Companies producing gas and selling to electricity generation companies have called on the Federal Government to address the legacy debt…
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OPS Pushes For Refinery Sell-Off After $2.4bn Wobbly Repairs
Following the seemingly botched repairs of the Port Harcourt and Warri refineries, after both plants gulped about $2.4bn and returned…
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Tetracore, Dangote Cement Expand Clean Energy Partnership
Tetracore Energy Group Limited, an integrated energy solutions provider with a growing portfolio in natural gas and power delivery across,…
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Discos Raise Bills 107% Despite Poor Power
Electricity distribution companies recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite…
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Dangote Refinery Should Sell Petrol Below N800/litre – Marketers
The Independent Petroleum Marketers Association of Nigeria has said the Dangote Petroleum Refinery should sell Premium Motor Spirit (petrol) below…
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Oil Firms Scramble To Convert Licences As June Deadline Looms
The Nigerian Upstream Petroleum Regulatory Commission says several licensees have formally applied for the conversion of their Petroleum Prospecting Licences…
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Minister Unveils First LCNG Plant In North-East
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has inaugurated the first Liquefied to Compressed Natural Gas hub in the…
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Low Taxation Responsible For Cheaper Nigerian Fuel — Major Marketers
The Major Energies Marketers Association of Nigeria has identified low taxation as one of the primary reasons fuel is cheaper…
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Shell Loads First Crude From New Nigerian Terminal
Shell has loaded the first crude cargo from Nigeria’s new onshore Otakikpo terminal, marking the start of exports from the…
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Nigeria’s Petrol Price 55% Below West African Average – Dangote
The President of the Dangote Group, Aliko Dangote, has revealed that most Nigerians are unaware that they currently pay 55…
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S’Africa Overtakes Nigeria As Africa’s Top Fuel Importer – Report
Nigeria has relinquished its long-held position as Africa’s largest importer of refined petroleum products following the ramp-up of operations at…
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Refinery Shutdown: Workers Barred From Speaking With Journalists
As maintenance activities commenced at the Port Harcourt Refining Company, employees of the facility have been barred from speaking with…
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Petrol Price Jumps 76% In One year – NBS
The average pump price of Premium Motor Spirit, also known as petrol, surged by 76.73 per cent year-on-year to N1,239.33…
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Uncertified Engineers Won’t Get Oil Sector Jobs – NCDMB
The Nigerian Content Development and Monitoring Board has warned oil companies against employing unregistered engineers. The Executive Secretary of the…
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Navy Arrests 215 Oil Theft Suspects, Destroys 468 Illegal Refineries In 2024
The Nigerian Navy says it apprehended no fewer than 215 suspected oil thieves and 26 vessels in 2024. It also…
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NNPCL Refineries Not Producing Enough Petrol – DAPPMAN
The Depot and Petroleum Products Marketers Association of Nigeria has said that its members can only buy Premium Motor Spirit…
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