Category: Oil and Gas

NNPCL targets 600tn cubic feet gas reserves expansion

The Nigerian National Petroleum Company Limited has announced plans to increase the country’s gas reserves...

Global crude prices drop after Iran allowed oil ships through Hormuz

Oil prices declined on Friday after U.S. President Donald Trump said Iran permitted 10 oil...

FG lifts ban on fuel imports amid supply concerns

The Federal Government has lifted its ban on fuel imports, granting six new licences for...

Crude-for-naira: Dangote refinery gets only five of 15 cargoes, CEO laments

The Chief Executive Officer of the Dangote Refinery, David Bird, has called for greater transparency...

Dangote Refinery suffers 79 million barrels crude supply shortage — Report

The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is...

Brent crude surges above $100 after Trump’s Iran talks

Brent crude oil jumped back above $100 a barrel on Tuesday, a day after plunging...

Iran denies US talks, accuses Trump of oil market manipulation

Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts...

Dangote Refinery exports 456,000 tonnes of fuel to Africa

The Dangote Petroleum Refinery has ramped up its regional footprint with the export of 12...

Crude oil surges to $146pb amid US-Iran war fears

Crude oil has surged to $146 per barrel amid escalating fears from the ongoing United...

Six-month war will damage global economies, TotalEnergies CEO warns

The head of French oil giant TotalEnergies has warned that a prolonged war in the...

Iran to facilitate Japan oil transit through Hormuz amid war

Iranian Foreign Minister Abbas Araghchi has stated that Tehran is prepared to assist Japanese ships...

Dangote Refinery raises petrol price to ₦1,245/itre

Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit,...