Category: Oil and Gas

Iran sets up new body to manage Strait of Hormuz

Iran’s top security authority said on Monday it has established a new body to oversee...

ADES secures $48.2m jack-up rig contract in Nigeria

Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main...

OPEC+ plans gradual restoration of oil production quotas by September

Key members of OPEC+ are planning to continue a series of gradual oil quota increases...

Why we rejected NNPCL’s bid to increase stake in refinery — Dangote

President of the Dangote Group, Aliko Dangote, has disclosed that the company turned down efforts...

Petrol consumption rises despite pump price hike in April — NMDPRA

Despite an increase in the pump price of Premium Motor Spirit, also known as petrol,...

Nigeria exported 80% crude in Q1 2026 despite local refineries — NUPRC

Oil companies in Nigeria exported about 80 per cent of the country’s crude oil production...

Oil prices surge above $105/b as Trump rejects Iran peace terms

Oil prices have risen sharply after President Donald Trump dismissed Iran’s response to United States...

US crude imports from Nigeria fall 15% in Q1

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter...

Crude falls to $98/barrel yet petrol prices stay high — Report

Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid...

Dangote Refinery exports 57m barrels jet fuel since April 2024

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024...

Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC

Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the...

US-Iran war pushes France trade deficit to €6.9bn

Rising oil prices owing to the Iran war saw France’s trade deficit widen by 1.4...