Oil and Gas
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...
NNPC, Ssonic petroleum sign 80mmscf/d gas supply deal
The NNPC Gas Marketing Ltd. (NGML), and NIPCO Gas Ltd., have signed an agreement with Ssonic Petroleum Ltd. to supply...
Nigeria exceeds OPEC quota by 70,000 bpd in February
Nigeria’s oil production rose in February, exceeding its quota by the Organisation of Petroleum Exporting Countries (OPEC), of 1.5 million...
NNPC reduces petrol price to N860 per litre
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump prices of petrol at its outlets across the country...
Dangote refinery orders Algerian crude amid domestic shortfall
The Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality...
Nigeria has potential to produce 2.24 million barrels of crude per day – NUPRC
The Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Gbenga Komolafe, has confirmed that Nigeria’s technical potential for crude...