Category: Oil and Gas

Dangote Refinery resumes naira petrol sales at ₦1,215/litre

Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit, also known as petrol,...

NUPRC awards 37 oil blocks to 31 companies despite ‘threats’

The Nigerian Upstream Petroleum Regulatory Commission on Tuesday declared 31 companies as winners of 37...

Nigeria to hit 3mbpd of crude output by 2030 — NUPRC

Nigeria remains on course to achieve its target of producing three million barrels of crude...

Brent crude price nears $91/barrel amid Middle East tensions

Oil scaled back gains after hitting its highest price in a month on Monday as...

ECOWAS leaders sign Nigeria-Morocco gas pipeline agreement

West African leaders on Sunday signed an agreement approving the construction of a gas pipeline...

Marketers halt fuel purchases as ex-depot price hits ₦1,220/litre

Some fuel marketers in the country have suspended the purchase of fresh petrol as ex-depot...

Nigeria loses 3,100GWh to gas flaring in May — Report

There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy...

Oil prices surge Tuesday after fresh US strikes on Iran

Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked...

Dangote Refinery dumps naira, fixes petrol price at $0.779/litre

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit, petrol, at $0.779...

Dangote offers ₦500,000 reward to curb illegal haulage

Dangote Industries Limited has launched a public whistleblowing initiative offering a cash reward of N500,000....

Nigeria’s oil output hits 1.56 million barrels in June

Nigeria’s crude oil production rose to an average of 1.56 million barrels per day in...

Diesel prices surge across Lagos, Port Harcourt, Warri depots

Diesel prices, known officially as Automotive Gas Oil have recorded significant increases in Lagos, Port...