Category: Oil and Gas

Shell exceeds analyst expectations with Q1 adjusted profit of $5.58b

British oil major Shell reported a first-quarter adjusted profit of $5.58 billion on Friday, exceeding...

Minister leads energy operators to gas conference in China

Nigeria is set to make a powerful impression at the World Gas Conference 2025, with...

Oil marketers blame low demand for ongoing kerosene scarcity 

Oil marketers have cited low patronage and decreasing demand as the main reasons behind the...

FG urges indigenous oil firms to ramp up production

The Federal Government has once again urged indigenous oil companies to scale up their production...

Oil prices surge over 1% amid geopolitical, economic factors

Oil prices rose over 1% on Wednesday due to a mix of geopolitical and economic...

Marketers lament losses after NNPC’s petrol price cut

Petroleum product marketers expressed concerns on Monday over their losses following a price reduction by...

Oil prices slip amid trade war concerns, US-Iran nuclear talks

Oil prices fell as traders expressed concerns about the potential impact of the US-led trade...

NNPC targets $60b investments, three million bpd output by 2030 — Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited has unveiled an...

Sahara Group, Amigo LNG ink gas purchase agreement

Sahara Group, a leading global energy and infrastructure conglomerate, has signed a landmark 20-year Liquefied...

Nigeria’s gas-led energy transition attracts $5b in global investments — NGA

The Nigerian Gas Association has said that Nigeria’s gas-led energy transition strategy is attracting growing...

Crude oil prices drop by $2.91 on Thursday

Oil prices dropped sharply on Thursday, with U.S. West Texas Intermediate falling $2.91 (4.2%) to...

Dangote refinery cuts petrol loading price to N865/litre

Dangote Refinery has announced a reduction in its ex-gantry loading cost to N865 per litre,...