Category: Oil and Gas

Eight OPEC+ nations to raise output by 548,000 barrels daily

Eight OPEC+ oil producers agreed on Saturday to boost their combined crude output by 548,000...

FG’s supply failure fuelling monopoly in oil sector – CORAN

The Crude Oil Refineries Association of Nigeria says the perception of the Dangote Petroleum Refinery...

Nigeria’s gas output dips slightly in May – NNPCL

The Nigerian National Petroleum Company Limited has reported a slight decline in the country’s gas...

Oil prices fall amid OPEC+ output hike hopes

Oil prices declined 1 per cent on Monday, driven by reduced geopolitical tensions in the...

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...

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