On Monday night, fire erupted on a segment of the TNP along the Bodo-Bonny road. In the video of the incident on social media, flames were seen rising in the sky from the inferno. The TNP, a critical federal oil transport line, Read More
Oil & Gas Enthusiasts
Shell’s $2.4bn Assets Sale To Renaissance Violates Court Order – Global Gas and Refining Limited has expressed deep dissatisfaction with the recently announced completion of Shell’s $2.4 billion sale of its Nigerian sRead More
BREAKING: Dangote Refinery temporarily halts Naira-denominated fuel salesNigerians may experience an increase in the prices of premium energy products diesel and petrol as the Dangote Petroleum Refinery temporarily halts the salRead More
Petrol price war between NNPCL and Dangote hurting independent marketers – IPMANThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the ongoing fuel price battle between the Nigerian NatioRead More
Savannah Energy completes acquisition of SIPEC The company explained that the SIPEC acquisition increased Savannah’s Reserves and Resources base by approximately 30 per cent from 151 MMboe to 197 MMboe.Savannah Energy PLC, Read More
PENGASSAN Pickets Sterling Oil For Flouting Local Content LawThe Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has picketed Sterling Oil for flouting the nation’s local content law.President PENGASSANRead More
Dangote Lowers Petrol Loading Cost To ₦815/LiterThe price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loadingRead More
Ongoing reforms in oil sector attracted $17bn investment in 2024 NNPCLThe Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the naRead More
Marketers project N800/litre as imported petrol’s cost dropsThe price war in the downstream oil sector intensified on Tuesday as major oil marketers moved to offer a lower price against the gantry loading cost of N825 per litre Read More
Why retailers, marketers dump Dangote Refinery petrol for import – Stakeholders Petroleum Products Retailers and marketers have explained why petrol imports have persisted despite the Dangote Refinery and other locaRead More
Nigerian Government confirms plan to pay N7.7trillion fuel subsidy debts to NNPCL The debt, which accumulated as an exchange rate differential for the importation of Premium Motor Spirit (PMS), spans from June 2023 to SepRead More
Expect More Fuel Price Drop Amid NNPC, Dangote War – PETROAN, IPMAN To Nigerians Petroleum retailers and marketers have hinted that Nigerians should expect more premium motor spirit price reductions as the Nigerian NatioRead More
Petrol prices to continue falling until June- RewaneThe Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has predicted that the cost of premium motor spirit also known as petrol will continue toRead More
Leaky pipelines plunge Nigeria LNG’s gas supply by 80%…Exports decline by 40 percentThe operational crisis at Nigeria LNG Limited has continued to deepen as the outage at its Bonny Island facility drags on, with gas supplies pluRead More
Africa accounts for 35% of newly discovered oil ReportOil-producing African countries have increased their crude production quota, now accounting for 35 per cent of newly discovered oil reserves in 2024, a substantial rise from jRead More
Oando PLC Wins Bid For Guaracara Refinery In TrinidadOando PLC has been chosen as the preferred bidder for the lease of the Guaracara refinery. Acting Prime Minister Stuart Young, (also Minister of Energy) said the decision was Read More
Belgium Fears Losing 40% Petrol Export To Nigeria As Tinubu Woos Investors Belgium has raised concerns over the potential loss of a significant portion of its petroleum products exports to Nigeria as President Bola Tinubu, Read More
Seplat Energy Eyes 14 Trillion Cubic Feet Of Natural Gas In Acquired AssetsThe Chief Executive Officer of Seplat Energy, Roger Brown has disclosed that the company sees the potential of unlocking an estimated 14 trillion cubic fRead More
Uniport Professor Addresses False Claims About PMS PerformanceEngr. Dr. Saturday Genuine Ebigenibo, an Associate Professor of Mechanical Engineering at the University of Port Harcourt, has responded to misleading claims regardingRead More
Dangote refinery supplies 60% of Nigeria’s petrol —Report A new report by S&P Global has stated that the Dangote Petrochemical Refinery is now fulfilling up to 60 per cent of the nation’s domestic gasoline (petrol) demanRead More
Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His LifeNigerian billionaire and industrialist Aliko Dangote revealed that his $23 billion oil refinery project has been the “biggest risk” of his life. Dangote, Read More
The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced to about 5,000 barrels per day, enabling oil production to rise to 1.75 million bpd as of January Read More
Oil production to increase by one million bpd by December 2026 ' NUPRCThe Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said the government aims to increaRead More
Nigerias crude oil production rose in January OPECThe latest Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries (OPEC) has shown that Nigeria’s crude oil production rose a little above 1.5 million barRead More
NNPC has reduced PMS prices in the last few hours across the country. 945 in Lagos 960-70 in Abuja and other locations
Dangote Petroleum Refinery and Petrochemicals has announced another price cut, lowering the cost of its diesel to N1,020 per litre—down from the previous N1,075 per litre at the gantry price.In a statement on Tuesday, the Read More
Dangote refinery to operate at full capacity in 30 days OfficialNigeria’s Dangote Oil refinery, Africa’s largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday.The 650,000-barrel-per-Read More
Kaduna Refinery At 60% Mechanical Completion, Says NNPCLGoing words of the Nigerian National Petroleum Company Limited (NNPCL), the Kaduna Refinery and Petrochemicals Company (KDPRC) has attained more than 60 per cent mechanicalRead More
NNPCL Under Pressure To Reduce Petrol Price Amid Rivalry With Dangote RefineryThe Nigerian National Petroleum Company Limited mulls fresh premium motor spirit price reduction as MRS filling station, in partnership with Dangote RRead More
ARG Begins Overhaul Of Port Harcourt Refinery’s Crude Oil Terminals African Refinery Group (ARG), a midstream oil and gas company in Nigeria, has commenced the revamping of the Bonny Export Terminal (BET) facilities locatedRead More
Retailers now lifting fuel from P’Harcourt, Warri refineries — PETROAN The Petroleum Products Retail Outlet Owners Association of Nigeria says its members are now loading petroleum products from the Port Harcourt and Warri rRead More
Olugbemi. Adeyinka Ogunleye
But there are people out there saying its not true. Me believe there people are saboteurs
Dangote Refinery Crashes Ex-Depot Petrol Price To N890In a bold move to drive economic relief for Nigerians, Dangote Petroleum Refinery has reduced the ex-depot price of its petrol from N950 to N890, effective from yesterday. ThRead More
Tinubu To Flag Off Construction Of Five LNG Projects In Kogi President Bola Tinubu will flag off the construction of five mini liquified natural gas (LNG) projects in Ajaokuta, Kogi state, on January 30. In a statement on SRead More
Oando to deploy AI in next oil drilling campaign Tinubu also hinted at the potential deployment of artificial intelligence in the company’s next drilling campaign, as the company aims to enhance operational efficiency througRead More
Portugal Turns To Nigeria For Natural Gas To Reduce Russian Dependency Portugal has indicated plans to increase the purchases of Liquefied Natural Gas from Nigeria and the United States as part of efforts to reduce dependencRead More
US Oil Imports From Nigeria To Drop As Trump Plans Energy Emergency Order For now, consumers are bracing for the impact of the hike, which has further strained household budgets amid rising inflation.The Nigerian National PRead More
Nigeria transforming to producer, net exporter of refined petroleum products – NNPCL The Nigeria National Petroleum Company Limited (NNPCL) has said the country would in no distant time transform into a self-sufficient proRead More
Chinese Firm Backs Nigeria’s $20 Billion Ogidigben Gas Project China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Read More
Energy Reforms: In 2024, under the visionary leadership of President Tinubu, Nigeria reclaimed its position as Africa’s leading destination for upstream oil and gas investment. Remarkably, the country accounted for three out of Read More
Dangote refinery denies role in petrol pump price hikeDangote Petroleum Refinery has distanced itself from allegations of arbitrarily increasing petrol pump prices. The refinery attributed the recent adjustment in the ex-depot pRead More
Petrol Pump Price Surges To ₦1,150 After Dangote Hike The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike inRead More
2025 budget predicated on 2m barrels crude oil production – NUPRCThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the 2025 budget is predicated on 2.062 million barrels of crude oil production at 75 dollars perRead More
Nigeria meets 98.97 percent of OPEC quota in December…records 1.48 mb/d output In December 2024, Nigeria met the crude oil production quota of the Organisation of the Petroleum Exporting Countries (OPEC) by 98.97 percent. TRead More
New report fingers Nigeria as major contributor to global oil outputA new report has revealed that the overall crude and natural gas production from offshore fields is expected to grow steadily up to 2028. The ‘Global Offshore URead More
Seplat to Revive 400 Idle Oil Wells, Set to Hit over 120,000 bpd after Buying Mobil Assets Nigeria’s Seplat Energy plans to revive 400 idle oil wells to meet its over 120,000 barrels per day crude production in the coming mRead More
Warri Refinery: Niger Delta group urges full operations, youth employmentThe Niger Delta Youth Council, a sociopolitical group in the South-South region, has urged President Bola Tinubu and the Nigerian National Petroleum CompanRead More
Kperogi Reverses Himself On Yorubanisation Of NNPCLast week’s column on what I called the “relentless Yorubacentric take-over of the Nigerian National Petroleum Company (NNPC)” based on information I was given by a Yoruba supporRead More
Fuel Price May Crash To ₦500 Per Litre - MarketersStrong indications emerged at the weekend that prices of Premium Motor Spirit (PMS), popularly called petrol, may crash further in 2025.Industry experts, who spoke to Saturday SuRead More
Warri Refinery: Marketers Eye Loading Of Petrol FebruaryOil marketers have started loading Automotive Gas Oil (diesel), and Kerosene from the Warri Refining and Petrochemical Company.Dealers confirmed this to Sunday PUNCH on FriRead More
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 Motor Spirit (petro) in Nigeria. The DaRead More
NNPCL Invites Obasanjo For Tour Of Port Harcourt Refinery The Nigerian National Petroleum Company (NNPC) Limited has asked former President Olusegun Obasanjo to visit the Port Harcourt refinery to verify its operational staRead More
Dangote Gets Lion Share, Warri, Others To Receive 123.48 Million Barrel Of CrudeNUPRC data has projected 123.48 million barrels for nine Nigerian refineries in H1 2025, with Dangote receiving the highest share.The Dangote refineRead More
NNPC Begins Modernization Of Kaduna And Second Port Harcourt Refineries The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that the 150,000 barrels per day (bpd) Port Harcourt Refinery and the Kaduna Read More
NUPRC Launches Decarbonisation Policy to Enhance Energy SustainabilityThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a policy aimed at accelerating decarbonisation and energy sustainability within NigerRead More
Nigeria's Oil Licensing Rounds: Roadmap To Beneficial EngagementsA significant shift is taking place in Nigeria’s upstream oil and gas sector where indigenous energy companies are increasingly entering the field and positioning Read More
Warri Refinery is Back!!!The restart of Warri Refinery today brings joy and gladness to me and Nigerians. This will further strengthen the hope and confidence of Nigerians for a greater and better future that we promised. This dRead More
NLC hails Dangote refinery for fuel price cutThe Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.Speaking with journalists oRead More
Petrol: Motorists Lament Filling Stations Fleecing Nigerians With 'Rigged’ PumpsNigerians, especially motorists or vehicle owners, heaved a sigh of relief when the Nigeria National Petroleum Company Limited (NNPCL) announced redRead More
NNPCL Unveils Production Monitoring CentreThe Nigeria National Petroleum Company Limited (NNPCL), as part of efforts to achieve a two million barrels per day (2 million bpd) production target, has launched a 24-hour Production MRead More
NLC Hails Dangote Refinery For Fuel Price CutThe Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians. Speaking with journalists Read More
NNPCL unveils production monitoring centreThe Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians. Speaking with journalists on TRead More
Saipem Wins $900m EPCI Contract from Shells $5bn Offshore Project in NigeriaSaipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas proRead More
Firms get licence to drill Olua wellsArdogreen Energy, HSI Energies sign agreementArdogreen Energy Limited and its parent companies, Messrs Ardova Plc. and Petrodev Oil and Gas Limited, have formalised a Risk Service Agreement wRead More
NNPCL Cuts Petrol Price To N925/L In Lagos, N965/L In Abuja…MRS Slashes Petrol Price To N935/L NationwideThe Nigerian National Petroleum Company Limited (NNPCL) has cut the retail price of petrol at its retail outlets to N925 Read More
Dangote Partners MRS To Sell Petrol At ₦935/Litre NationwideThe Dangote Refinery said it is partnering with MRS to sell Premium Motor Spirit or petrol at ₦935 per litre nationwide at its retail outlets. The development comes aftRead More
Marketers In Suspense As NNPCL, Dangote Refinery Lower Petrol Price Intense pricing competition emerged in the nation’s downstream sector on Saturday after the Nigerian National Petroleum Company Limited reduced its ex-depoRead More
Yuletide: Dangote refinery slashes petrol price to N899.50Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid to offer Nigerians some relief as the holiday season approaRead More
Dangote Slashes Petrol Price To ₦899 Per LitreDangote Petroleum Refinery says it has reduced the price of its petrol to N899.50K per litre to provide relief for Nigerians ahead of the Christmas and New Year holiday season. In aRead More
REVIEW: On Shell's Bonga North FIDLet me give some perspective on this FID in case you missed Arise Exchange last night. First of all, Olu Verheijen — SA to President on Energy deserves her flowers for the relentless hardwoRead More
RIVERS ASSEMBLY COMMENDS PRESIDENT TINUBU FOR REVITALIZING PORT HARCOURT REFINERY... Urges FG and NNPCL to Resuscitate Warri and Kaduna RefineriesThe Rivers State House of Assembly at its 78th Legislative Sitting of the Second SRead More
Shell invests in Bonga North deep-water project, NigeriaLondon − Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deeRead More
Olugbemi. Adeyinka Ogunleye
President @officialABAT welcomes this landmark development, Nigeria's first deepwater oil project in over a decade. This FID demonstrate the efficacy of the oil and gas reforms and directives championed by the President. These projects will trigger broader investments to revolutionise Nigeria's power generation, transportation, and manufacturing sectors. In 2025 we anticipate further FIDs from international and domestic players. A new era of growth and opportunity for Nigeria! @ToluVerheijen
Dangote Refinery Exports First Petrol Cargo to CameroonThe Dangote Petroleum Refinery and Neptune Oil announced their first export of Premium Motor Spirit (petrol) to Cameroon, marking a significant step in regional energy integRead More
NUPRC: Nigeria Achieved over 99% OPEC Oil Quota, Hit 1.485m bpd in NovemberNigeria’s crude oil production recorded an improvement in November, with the country just less than 1 per cent away from meeting its Organisation of PetrRead More
Seplat Energy Completes Acquisition Of MPNUSeplat Energy Plc has announced the successful completion of its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. Describing the transaction as transformative, thRead More
Nigeria Retains Top Spot as Africa's Biggest Oil ProducerThe Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa. OPEC, in its latRead More
Nigeria’s Oil Production Hit A 2024 High Of 1.7 Million BPD In November Nigeria’s oil production has been recovering in recent months and hit its highest level for 2024 in November with a total of 1.7 million barrels per daRead More
Global oil prices drop to $71 as 4th largest production company cuts prices for AsiaGlobal oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s oil giant, AramRead More
Marketers may access petrol from PH refinery this week – IPMAN Independent Petroleum Marketers Association of Nigeria, IPMAN, yesterday expressed optimism that its members would be able to load products from the Port HarcouRead More
OPEC Delays Oil Output Increase, Leaves Nigeria's 1.5m bpd Quota UnchangedThe Organisation of Petroleum Exporting Countries (OPEC) has deferred the commencement of its proposed oil production cuts by a year, until the end of 202Read More
NNPC Begins Export Of Petrol To Dubai From Port Harcourt Refinery - GuardianThe PH Refinery ships its first export of petroleum products to Dubai. The company is expected to load the cargo in the coming days onboard the Wonder SRead More
Nigeria's Gas Production Capacity to Hit 4bn Cubic Feet per day FG The federal government says the current gas production in Nigeria is expected to increase by almost 4 billion cubic feet per day by 2030, according to the DRead More
Nigeria’s Oil Rigs Plummet 27% Amid 2 Million BPD Output Target Nigeria, Africa’s largest oil producer, is grappling with a 27 percent year-to-date drop in active oil rigs, posing a significant challenge to the federal goveRead More
MOSOP to negotiate 20% oil royalties for Ogoni with FGDemands Compensation for Environmental PollutionThe Movement for the Survival of the Ogoni People (MOSOP) has announced its readiness to negotiate a 20% stake in natural resoRead More
P’Harcourt Refinery: Marketers Seek Speedy Completion of RoadFollowing the commencement of operations at the Port Harcourt refinery, oil marketers have called for the speedy completion of the Eleme road leading to the refinery. Read More
Major Marketers Shun Importation, Source 148m Litres of Petrol from Dangote RefineryTHE major oil marketers have sourced 148,463,142 litres of Premium Motor Spirit, PMS, also known as petrol from the Dangote Petroleum Refinery fRead More
NUPRC Surpasses Revenue Target By 49%The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has surpassed its revenue target by 49 percent when global hydrocarbon producers are witnessing lower royalties and weak margins.Read More
Deregulated regime is forcing competition already. Everyone is gonna hawk their products with creative pricing schemes… See Dangote making a move 👇🏿… Is PH Refinery the cause?
Let the Competition begin…. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has said the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Read More
Port Harcourt Refinery: NNPC Addresses Misleading Claims NNPCL PRESS RELEASENNPC Ltd Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading ClaimsThe Board and Management of the Nigerian National Petroleum CoRead More
PRESS RELEASENNPC Ltd Delivers Port Harcourt Refinery…As Plant Begins Truck-out of ProductsThe Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC), sRead More
Of OBJ's Predictions on the RefineriesWhat did OBJ see that is either no more there or Tinubu saw beyond…
Kaduna Refinery’s Fix Ready By December — MD The Managing Director of the Kaduna Refining and Petrochemical Company (KRPC), Dr. Mustafa Sugungun has said that the ongoing Quick Fix Project for the Kaduna refinery is schedulRead More
OML 11: Court Moves To Wind Down Oil Company Over Unpaid Debts A Federal High Court sitting in Lagos has granted an interlocutory injunction seeking to commence the process of winding down the operations of Prime ExploratioRead More
Olugbemi. Adeyinka Ogunleye
This OML 11 was on the radar of my previous employer... when I looked at the portfolio, it had all the trappings of an asset that was stuck. Many of these licenses are in the hands of holders who have little or no capacity to develop the asset, and desperately hawk around looking for any money. While the data on the asset cannot be trusted, the cost of doing conffirmatory data studies in 3-4D Siesmic is huge. this adds to the dilemma...
NNPC Directs Marketers To Cease Petrol Imports, Cites Dangote Refinery CapacityThe Nigerian National Petroleum Company Limited (NNPC) has issued a directive to oil marketers to cease the importation of petrol, asserting that theRead More
Olugbemi. Adeyinka Ogunleye
Advance payment is one of the realities of the downstream business in a subsidy-zero regime. It stands to reason that petroleum products will be actually be traded... so we should expect forward sales, longer terms commitment regimes... will this bring better stability? well let's see
Dangote Refinery Begins Fuel Export To West African Countries The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinerRead More
NNPC Refutes Claims of Ending Fuel Imports, Condemns Misleading ReportsThe Nigerian National Petroleum Company (NNPC) Limited has rejected a recent report suggesting it has halted the importation of refined petroleum products anRead More
JUST IN: NNPC Announces Key Leadership ChangesThe Board of Directors of NNPC Limited has unveiled a series of strategic appointments to its executive team. In an official statement titled “Leadership Appointments at NNPC LimitedRead More
NNPCL Ends ₦24 Trillion Fuel Import, Buys From Dangote RefineryThe Nigerian National Petroleum Company Limited has stopped importing refined petroleum products and is now off-taking fuel from the Dangote Petroleum Refinery and Read More
Cite 100,000bpd Refinery in Kolmani, Arewa Economic Forum tells FGThe Arewa Economic Forum has called on the federal government to rally investors to establish a 100,000 barrels per day refinery in Kolmani, Bauchi state. The ChaRead More
Lokpobiri: FG Deploying Drones to Tackle Oil Theft, Seeks Support for Additional 1m bpd Target*Says Nigeria ready to host $5bn Africa Energy BankThe Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, yeRead More
Eroton Announces Imasekha as New Board ChairmanEroton Exploration and Production Company Nigeria Ltd on Saturday announced the appointment of Mr. Henry Imasekha as its new board chairman, effective immediately. A statement from Read More
Austin Avuru: The Magician Behind Seplat’s Latest Triumph“When the roots are deep, there is no reason to fear the wind.” This saying captures the essence of Austin Avuru’s latest achievement with Seplat Energy. Seplat recently rRead More
Olugbemi. Adeyinka Ogunleye
Avuru is still weaving the magic wand?
NNPC’s Refineries Cannot Deliver Clean Diesel for NowNigeria’s state hydrocarbon company NNPC Ltd’s three refinery complexes, currently undergoing turn around maintenance (TAM), will not be producing diesel with Sulphur content Read More
Chevron Discovers New 17,000bpd Oil Field ReportChevron Nigeria Limited, a subsidiary of Chevron Corporation, has announced the discovery of a new oil field estimated to hold 17,000 barrels of oil per day. This discovery comes aRead More
Nigeria’s Offshore Oil, Gas Production Industry Projected to Hit $47bn by 2031The value of Nigeria’s offshore oil and gas production market will grow from the $34.18 billion in 2023 to $47.03 billion by 2031, a new market researRead More
Six Offshore Licences Developed in 30yrs NUPRCThe Nigerian Upstream Petroleum Regulatory Commission has disclosed that only six out of the 42 deep offshore licences it granted in the last 30 years have been developed. This was rRead More
Oil production drops by 27,000bpd ReportNigeria’s crude oil production dropped to 1.324 million barrels per day in September, the Organization of the Petroleum Exporting Countries said on Monday. In its Monthly Oil Market ReportRead More
PRESS RELEASENNPC Ltd Moves to Revive Brass, OK LNG ProjectsIn its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd. has begun discussions with investors towards briRead More
PRESS RELEASE :NNPC Ltd Expands Global Market Footprint to Japan, China with LNG Supply on Delivered Ex-Ship Basis In line with its strategic vision to be a dynamic and reliable global energy supplier of choice, the NigeriaRead More
Nigeria To Be Net Exporter Of Petroleum In December — NNPC The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that based on emerging indicators in the energy and gasRead More
PH Refinery Receives 1 Million Barrells Of Crude, Gets License For Take-Off Following the mechanical completion of the Old Port Harcourt Refinery in December, last year, a total of one million barrels of crude oil has beeRead More
NNPCL: Why we limited our investment in Dangote Refinery to 7.5% The Nigerian National Petroleum Company Limited (NNPCL) recently clarified its decision to limit its equity investment in the Dangote Refinery to 7.5% instead of Read More
Dr. Layi Fatona, Honored With Prestigious NIES Lifetime Achievement Award The award took place at the 7th Edition of the Nigeria International Energy Summit (NIES).With over forty years of expertise in the petroleum industry asRead More
As Nigeria's Gasoline Debt Hits $6 Billion, Some Traders Back Out by 4Play(m) Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap betweeRead More
The Nigerian National Petroleum Company Limited says it has declared a state of emergency on oil production. It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves. According toRead More
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A Community of Oil, Gas, and Energy News. We will also be discussing opportunities, projects and ongoing initiatives in the Oil and Gas industry and for small businesses
A Community of Oil, Gas, and Energy News. We will also be discussing opportunities, projects and ongoing initiatives in the Oil and Gas industry and for small businesses
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