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 international interest, with over $5 billion in…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
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 $59.44 per barrel, and Brent crude dropping…
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, down by N15 from the previous rate…
How NNPCL crude suspension to Dangote affected OPEC output – Report
The decision by the Nigerian National Petroleum Company Limited to halt crude oil supplies to domestic refineries, including the Dangote Refinery, led…
Goldman Sachs warns oil could fall below $40 in extreme scenario
Goldman Sachs analysts on Monday warned that in a worst-case scenario, Brent oil, the international benchmark prices, could fall below $40 a…
US crude oil drops below $60/barrel, lowest since 2021
United States oil prices dropped below $60 a barrel on Sunday due to concerns that President Trump’s global tariffs could push the…
Crude prices drop to $65, lowest since 2021
Oil prices dropped sharply to $65 per barrel this week after the United States imposed new import tariffs and an unexpected supply…
TotalEnergies posts N42.2b pre-tax profit for 2024
TotalEnergies Marketing Nigeria Plc reported a pre-tax profit of N42.2 billion for the year ended 31 December 2024, marking a 140.35% increase…
Brent crude drops $10 barrel, worst since August 2022
Brent oil futures have fallen by around $10 per barrel since Thursday, pressured by the introduction of new tariffs and an unexpected…
PETROAN accuses local refineries of importing substandard crude Oil
The Petroleum Products Retail Outlet Owners Association of Nigeria has accused some local refineries of importing substandard crude oil to cut costs.…
Nigeria to introduce new crude grade ‘Obodo’ in April
Nigeria is set to introduce a new medium sweet crude grade, Obodo in April 2024, as reported by Argus Media, which provides…
NNPCL moves to sell shares, seeks strategic partners
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparations for its anticipated…