Nigeria lost $1.84b fuel to theft in nine years – NEITI
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, Dr Ogbonnaya Orji, has revealed that in nine years, the nation lost…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
Dangote refinery: Why we reduced our stake to 7.2%, NNPCL reveals
The Nigerian National Petroleum Company Limited has explained why it has only a 7.2% stake in the $19 billion Dangote Refinery, rather…
Minister defends P’Harcourt refinery takeoff delay amid licensing
The Port Harcourt Refining Company is now going through numerous licensing processes following the supply of crude oil to the plant, which…
NNPCL now has less than 20% share of refinery – Dangote
Dangote Refinery’s CEO, Aliko Dangote, has stated that the Nigerian National Petroleum Corporation Limited no longer has a 20% share in the…
Dangote Refinery purchases additional 5m barrel of crude oil – Report
Dangote Refinery is ramping up crude oil production with a purchase of an additional 5 million barrels from the United States of…
FG, IOCs agree on crude oil supply to local refineries
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission has secured an agreement with producers to allow the sale of crude…
No official statement on $2bn crude-backed loan yet – NNPCL
The Nigerian National Petroleum Company Limited, on Wednesday, said it would make an official announcement when the when the corporation is ready…
Nigeria’s crude oil production jumps to 1.27m barrels daily – OPEC
Nigeria’s average daily crude oil production in June increased modestly to 1.276 million barrels. This marks a mere 25 thousand barrels per…
NNPC extends fuel stations’ operating hours amid scarcity
Alex Omenye In response to ongoing fuel supply challenges, the Nigerian National Petroleum Company Limited has announced extended operating hours for fuel…
OB3 gas pipeline to attract $2bn into Nigeria’s economy — Dangote
The Chief Executives Officer of Dangote group, Aliko Dangote has said the completion of the OB3 gas pipeline will result in a…
Seplat Energy demand swift divestment process to boost oil, gas output
Seplat Energy Plc, a Nigerian independent energy business listed on the Nigerian and London Stock Exchanges, has stated that if divestiture and…
CNG will be 40% cheaper than petrol, say NNPCL
The Nigerian National Petroleum Company Limited has revealed on Thursday that the use of Compressed Natural Gas in automobiles is 40 per…