Oil and Gas
EFCC arrests Edo gov’t official
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission(EFCC) have arrested an official of the Edo...
Explosion hits major oil pipeline in Rivers
The Trans Niger Pipeline in the Bodo Community in Gonna Local Government Area of Rivers State has been rocked by...
Panel begins review of naira-for-crude policy
The Technical Sub-Committee on the Naira-for-Crude Policy has held a meeting for the review of the policy. The meeting, which...
Renaissance completes acquisition of Shell Petroleum
Arabel Holdings has announced the successful closure of Renaissance Africa Energy Holdings’ acquisition of Shell’s full equity position in the...
Dangote, NNPC’s petrol price cut threatens our businesses — Marketers
Oil marketers have said the constant changes in the price of petrol is threatening their businesses. The marketer, under the...
Oando wins lease bid for Trinidad and Tobago refinery, Guaracara
Oando Trading, a subsidiary of Oando PLC, has been selected as the preferred bidder to lease the refinery assets of...
NUPRC: Nigeria’s oil production declined by 5% in February
Nigeria’s daily average crude oil production in February declined by about five percent from what was produced in January. This...
NNPC, Dangote refinery in talks for new naira-for-crude deal
The Nigerian National Petroleum Company Limited (NNPCL) says it is renegotiating a new naira-for-crude deal with the Dangote Petroleum Refinery,...
NNPC ends naira-for-crude deal
The Nigerian National Petroleum Company (NNPC) Limited has suspended the naira-for-crude deal with Dangote Petroleum Refinery and other local refineries....
FG issues refinery licences to three oil companies
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to three oil companies to construct refineries. In...