Category: Oil and Gas

FG unveil Nigeria’s first modular LPG plant, 20MW gas project

The Federal Government has inaugurated Nigeria’s first modular Liquefied Petroleum Gas extraction plant and a...

Massive explosion hits Trans-Niger pipeline in Rivers

A powerful explosion has struck a section of the Trans Niger Pipeline in Bodo Community,...

Marketers losing money over Dangote, NNPC price war, IPMAN laments

The ongoing price competition between the Nigerian National Petroleum Company Limited and Dangote Petroleum is...

Renaissance completes takeover of Shell’s onshore assets

Renaissance Africa Energy Holdings has finalized its acquisition of Shell Petroleum Development Company of Nigeria,...

Dangote Refinery loses N32.5bn after petrol price cut

The Dangote Petroleum Refinery will incur an estimated N32.5 billion loss following a recent reduction...

Global oil prices rise 2% on tighter US supplies

Global oil prices rose 2 per cent on Wednesday as U.S. government data revealed tighter-than-expected...

Unstable petrol prices endangering businesses, oil marketers warn

Oil marketers under the aegis of the Petroleum Products Retail Outlets Association of Nigeria has...

Marketers project N800/litre pump price as imported petrol costs fall

The competition in Nigeria’s downstream oil sector has intensified as major marketers lower their prices...

Nigeria’s crude oil output drops to 1.47m barrels per day

Nigeria’s crude oil production has once again fallen below its OPEC quota. According to the...

Russia’s oil output drops further below OPEC+ quota in January

Russia’s oil production in January reportedly fell further below its OPEC+ quota, indicating continued challenges...

Tougher US sanctions’ll limits Russian oil supply to China, India

Chinese and Indian refiners are set to source more oil from the Middle East, Africa,...

Global oil prices slip to $76.23 after reaching October highs

Oil prices fell slightly on Monday due to a stronger U.S. dollar and anticipation of...