Category: Oil and Gas

Dangote Refinery cannot supply Nigeria’s fuel demands, NNPCL tells court

The Nigerian National Petroleum Company Limited has said that Dangote Petroleum Refinery cannot yet prove...

Chinese firms to gain 51% stake in PH, Warri refineries

The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand...

Iran threatens tariffs on Strait of Hormuz internet cables

Iran has threatened to impose tariffs on Strait of Hormuz submarine cables, which are crucial...

Nigeria’s oil exploration dropped sharply in April — OPEC

Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following...

Iran sets up new body to manage Strait of Hormuz

Iran’s top security authority said on Monday it has established a new body to oversee...

ADES secures $48.2m jack-up rig contract in Nigeria

Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main...

OPEC+ plans gradual restoration of oil production quotas by September

Key members of OPEC+ are planning to continue a series of gradual oil quota increases...

Why we rejected NNPCL’s bid to increase stake in refinery — Dangote

President of the Dangote Group, Aliko Dangote, has disclosed that the company turned down efforts...

Petrol consumption rises despite pump price hike in April — NMDPRA

Despite an increase in the pump price of Premium Motor Spirit, also known as petrol,...

Nigeria exported 80% crude in Q1 2026 despite local refineries — NUPRC

Oil companies in Nigeria exported about 80 per cent of the country’s crude oil production...

Oil prices surge above $105/b as Trump rejects Iran peace terms

Oil prices have risen sharply after President Donald Trump dismissed Iran’s response to United States...

US crude imports from Nigeria fall 15% in Q1

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter...