Category: Oil and Gas

OPEC+ raises oil quota for May amid Iran war

OPEC+ is set to raise its oil production quota by 206,000 barrels per day for...

Dangote Refinery denies getting seven crude cargoes allocation from NNPCL

Officials of the Dangote Petroleum Refinery are unaware of claims that seven crude cargoes have...

Nigeria, 39 other nations meet over Hormuz Strait crisis

With pressure growing over the closure of the Strait of Hormuz by Iran, 40 countries,...

Nigeria oil exploration dropped 45% in February 2026 — NUPRC

Nigeria’s oil exploration declined by 45 per cent month-on-month in February 2026, driven by reduced...

Nigeria’s gas production hits 7.5 bcf daily as 2030 target nears

The coordinating director of the Decade of Gas Secretariat, Ed Ubong, has disclosed that Nigeria’s...

Nigeria’s oil, gas investment tripled in Nigeria 2025 — NBS

Nigeria’s oil and gas sector recorded a significant boost in investor interest last year as...

US-Israel-Iran war pushes oil prices to $117/barrel

Israel and Iran exchanged fresh missile strikes on Monday, driving oil prices sharply higher and...

Oil prices rise as brent crude eyes record monthly gain

Oil prices climbed further on Monday, with Brent crude set for its biggest monthly gain...

NNPCL targets 600tn cubic feet gas reserves expansion

The Nigerian National Petroleum Company Limited has announced plans to increase the country’s gas reserves...

Global crude prices drop after Iran allowed oil ships through Hormuz

Oil prices declined on Friday after U.S. President Donald Trump said Iran permitted 10 oil...

FG lifts ban on fuel imports amid supply concerns

The Federal Government has lifted its ban on fuel imports, granting six new licences for...

Crude-for-naira: Dangote refinery gets only five of 15 cargoes, CEO laments

The Chief Executive Officer of the Dangote Refinery, David Bird, has called for greater transparency...