Oil and Gas
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...
Dangote cuts petrol price to N825 per litre
The Dangote Petroleum Refinery & Petrochemicals has announced a N65 reduction in the price of petrol. Following the price slash...
OPEC Chief tasks Africa on unlocking 120 billion barrels of oil reserves
Mr Haitham Al-Ghais, the Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC) has tasked Africa to unlock its...
London court orders NLNG to pay $380 million for undelivered cargoes
A court in London court has ordered the Nigeria Liquefied Natural Gas (NLNG) to pay $380 million in compensation to...
IPMAN threatens shutdown over N100 billion bridging claims
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to shut down operations if the Nigerian Midstream Downstream Petroleum...