Category: Oil and Gas

NNPCL, TotalEnergies partner to launch $550m Ubeta field development project

The Nigerian National Petroleum Corporation in partnership with TotalEnergies has announced a 550 million dollars...

Dangote refinery to make first fuel shipment to Asia

Dangote Refinery is set to dispatch a shipment of low-sulfur straight-run fuel oil from Nigeria...

NNPCL to begin three LNG projects August – Kyari

The Nigerian National Petroleum Company Limited has announced that it will break ground on three...

Nigeria’s oil production dips to 1.25mbpd – OPEC

Nigeria’s daily oil production fell further to 1.25 million barrels per day in May, according...

Local refiners can crash fuel price to N300/litre – Operators

The operators of modular refineries have said that the pump price of Premium Motor Spirit,...

Foreign investors may dump 20 modular refineries amid crude shortage

International financiers that are meant to fund the construction of about 20 modular refineries in...

ExxonMobil waits for NNPCL to lift ban on Seplat/MNPU

ExxonMobil has said that it is awaiting the Nigerian National Petroleum Company Limited to lift...

Oando profit hits N74.7bn in unaudited 2023 financial report

Oando Plc has reported a 78.9% increase in revenues to N3.5 trillion in its unaudited...

NNPC launches major CNG plant in Lagos

The Federal Government has launched a Compressed Natural Gas plant with a capacity of 5.2...

Nigeria produced 159m barrels of oil in four months – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that Nigeria produced 159,158,191 barrels of crude...

Why Total snubbed Nigeria, picked Angola for $6bn energy project

The Chief Executive Officer of TotalEnergies, Patrick Pouyanne has expounded on why the company is...

NNPCL blames theft, vandalism, underinvestment for oil output decline

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, has attributed...

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