Category: Oil and Gas

CPPE warns rising PMS imports threaten local refining

The Centre for the Promotion of Public Enterprise has called for a decisive shift from...

Dangote Refinery defends hike as petrol price hits ₦1,400/litre

The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments...

Petrol price rises 9% despite falling crude oil price

Despite a five per cent drop in crude oil prices to $87.31 per barrel from...

Petrol price rises over ₦1,200/litre despite drop in crude price

Despite drop in price of crude in the global oil market, operators in Nigeria’s downstream...

Oil prices extend decline as Gulf conflict fears ease

Oil prices extended their decline on Wednesday as concerns over a potential military conflict in...

19 oil licences set to expire this year — NUPRC

No fewer than 19 oil licences in Nigeria’s upstream sector have stated expiry dates falling...

Dangote Refinery raises petrol gantry price to ₦1,200/litre

Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit...

Rising rig activity fails to lift Nigeria’s crude oil production

Nigeria’s increasing deployment of oil rigs has failed to translate into a corresponding and sustained...

Dangote Refinery extends free product delivery to four more states

The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum product delivery initiative to...

Dangote offers East Africa 30% stake in refinery

Aliko Dangote has offered East African countries a combined 30 per cent equity stake in...

UAE oil giant vessel attacked in Strait of Hormuz

The United Arab Emirates’ state-owned oil giant ADNOC said Saturday one of its vessels came...

Bonny Light nears $95 as Middle East tensions persist

The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened...