Experts warn of petrol price surge amid US-Iran war
Energy experts and downstream operators have warned that Nigeria may witness a fresh increase in petrol and diesel prices if global crude…
Oil and Gas
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OPEC+ to boost oil output by 206,000 bpd in April
OPEC+ decided on Sunday to increase oil production by 206,000 barrels per day starting in April. The decision came from the Organisation…
Tinubu signals major overhaul of PIA with oil revenue order
President Bola Tinubu has signalled a broader overhaul of Nigeria’s petroleum governance framework following his executive order mandating direct remittance of oil…
NISO starts load shedding over severe gas supply constraints
The Nigerian Independent System Operator has begun implementing load shedding across the country. This follows a major drop in power generation linked…
Oil prices dip as US-Iran talks extend, OPEC+ eyes hike
Oil prices dipped on Friday, heading for a weekly decline as the United States and Iran extended nuclear talks, easing immediate supply…
NNPCL pledges gas supply to Portland mini-LNG project in Abuja
The Nigerian National Petroleum Company Limited has expressed support for a Mini-LNG and LCNG project being developed by Portland Gas Limited in…
NUPRC sets Friday deadline for 2025 oil licensing pre-qualification
The Nigerian Upstream Petroleum Regulatory Commission has announced that registration and submission of applications for pre-qualification under the Nigeria 2025 Licensing Round…
Tinubu’s order stops NNPCL’s ₦2.1tn four-year deductions
President Bola Tinubu’s executive order has halted deductions by the Nigerian National Petroleum Company Limited for management fees and the Frontier Exploration…
Dangote Refinery unveils five projects to build industrial hub
Dangote Petroleum Refinery has announced plans to expand beyond crude processing into a fully integrated industrial hub. The expansion includes five major…
TotalEnergies credits PIA for boosting investment in Nigerian oil industry
The Petroleum Industry Act has been described as the enabler for the transparency and foreign direct investment currently being experienced in Nigeria’s…
NUPRC unveils 60-day plan to fully digitise operations
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has unveiled a 60-day initiative to fully digitise the commission’s…
PENGASSAN to meet presidency over Tinubu’s ‘threatening’ executive order
The leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria has announced plans to meet with the Presidential Implementation…