9,000 marketers may lose licences – IPMAN
Over 9,000 oil marketing companies are in danger of losing their operating licences as Nigeria battles fuel shortages. This was revealed by…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
Israel-Iran tension cause of fuel shortage – IPMAN
The National Secretary of the Independent Petroleum Marketers Association of Nigeria, James Tor, has said that the Israel-Iran crisis is the major…
Dangote refinery to get valid operating licence – FG
The Federal Government has announced that it is ready to issue a fully valid operating licence to the Dangote Petroleum Refinery with…
Forex shortage delays crude supplies to Dangote refinery
The Chinese state energy giant PetroChina has been holding a cargo of US crude oil in Nigeria’s biggest new refinery for almost…
Dangote refinery to start petrol supply in Q4 – S&P analyst
Analyst at the Standard Poor’s’ Global Commodities Insights, Kelly Norway, has said that contrary to the insinuation, that Dangote refinery will start…
Price slash: Dangote denies ‘mischievous’ high sulphur diesel narrative
The Management of Dangote Industries Limited has denied the online report on the sulphur content of its diesel supplied to the Nigerian…
NNPC, firm target 20,000bpd at Bayelsa oil field
The Nigerian National Petroleum Company Limited has announced the commencement of oil production from Madu Field. This was disclosed in a statement…
Oil prices surged as Israel-Iran conflict escalate
Brent crude has soared to over $90 per barrel, up from $87 amid the crisis between Israel and Iran., up from $87…
$3.8bn Brass methanol project to be executed in May – Minister
The Federal Government announced recently that the Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass…
NUPRC introduces new template for domestic crude oil supply
The Nigerian Upstream Petroleum Regulatory Commission has introduced a new template for the supply of crude oil in Nigeria. The initiative is…
Crude oil reserves rise to 37.50bn barrels – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has said Nigeria’s crude oil reserves rose from 36.96 billion barrels to 37.50bb within a year.…
FG faults pipelines issue for oil production decline
The Federal Government has attributed the decline in crude oil production in Nigeria to the disruption of the Trans Niger Pipeline, as…