Category: Oil and Gas

Nigeria faces 225,000 bpd cut as Shell shuts Bonga FPSO

Nigeria faces a 225,000 barrels per day crude oil output cut as Shell Nigeria Exploration...

Dangote Group expands gas supply deals with NNPC subsidiaries

The Dangote Group has expanded its Gas Sales and Purchase Agreements with NNPC Ltd subsidiaries,...

Crude exports to drop 225,000B/D amid Bonga FPSO maintenance

Nigeria’s crude oil exports are expected to fall by around 225,000 barrels per day in...

SERAP sues NNPCL over missing ₦22.3bn oil funds

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum...

NNPCL unveils NGMP 2026 to drive gas industrialisation

The Nigerian National Petroleum Company Limited on Friday unveiled its Gas Master Plan 2026, tagged...

NUPRC promises transparent 2025 oil licensing bid round

The Nigerian Upstream Petroleum Regulatory Commission has assured that the 2025 licensing bid round will...

Dangote Refinery reaffirms capacity to exceed local fuel demand

Dangote Petroleum Refinery has confirmed its ability to supply fuel volumes well above Nigeria’s domestic...

Nigeria’s Bonny Light oil price surges amid US threat on Iran

Crude oil prices surged sharply on Thursday as growing fears of a possible United States...

Brent crude surges past $70 after Trump’s Iran threat

Brent crude oil topped $70 a barrel Thursday for the first time since September as...

Crude oil rises as Trump warns Iran of ‘massive armada’

Oil prices climbed Thursday after President Trump warned that a “massive armada” is heading toward...

NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50...

Nigeria earned ₦55.5tn from crude oil sales in 2025 — NUPRC

Nigeria earned an average of N55.5tn from crude oil sales in 2025, according to an...