Category: Oil and Gas

Dangote refinery turns to US crude imports amid rising demand

The President of the Dangote Group, Aliko Dangote, revealed that the refinery has increasingly depended on...

Marketers seek foreign traders for cheaper petrol imports

Oil marketers said they have initiated negotiations with international traders to bring in cheaper Premium...

Oil prices surge as Trump urges Tehran evacuation

Crude oil prices climbed over 2% on Tuesday following a call by former President Donald...

PENGASSAN faults FG’s upstream oil tax incentive over insecurity, others

The Petroleum and Natural Gas Senior Staff Association of Nigeria has raised concerns over President...

$10bn Train-7 project hits 80% completion – LNG

Nigeria LNG Limited has announced that its $10 billion Train-7 gas project on Bonny Island,...

Oil prices rise as OPEC+ maintains output

Oil prices surged by more than $1 per barrel on Monday after OPEC+ announced a...

TotalEnergies sells Bonga oil field stake to Shell

TotalEnergies has announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has signed an agreement with...

OPEC+ moves crucial July output decision to May 31

OPEC+ has rescheduled a critical video-conference to determine July oil production levels for eight key...

IPMAN accuses NMDPRA of withholding fuel bridging claims 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised...

Dangote refinery cuts petrol prices nationwide

Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The...

Renaissance Africa exceeds production target by 40% in debut month

Renaissance Africa Energy Company Limited has announced it exceeded its oil production target by 40%...

Brazil’s Petrobras plans return to Nigeria’s oils sector

Brazil’s state-owned oil giant, Petrobras, is poised to re-enter Nigeria’s oil industry, targeting frontier deepwater...

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