Oil, Gas and Energy

World’s largest trader of liquefied natural gas, Shell, has revealed plans to add up to 12 million metric tons of additional capacity in Nigeria, the United Arab Emirates (UAE), Canada, and Qatar between now and 2030. The projects are already in construction, Reuters…

Despite oil trading low at $60, OPEC+ this week is expected to continue to open the taps further. This follows pressure from US President Donald Trump and group leader Saudi Arabia’s quest to penalise allies that breach the cartel’s quotas. In past months, Saudi…

More than two years after former President Muhammadu Buhari launched crude oil drilling project on the border of Bauchi and Gombe states, the Group Chief Executive of the Nigerian National Petroleum Company Limited, Bayo Ojulari, said that the energy firm would resume…

The President and Chief Executive Officer of Dangote Group, Aliko Dangote, on Thursday said there is no rivalry between his organisation and the Nigerian National Petroleum Company Limited (NNPCL), reaffirming a shared commitment to collaboration in Nigeria’s energy sector. Dangote made the remarks during a courtesy visit to the Group Chief…

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has projected that Nigeria could achieve full petroleum export status within two years, following the licensing of 83 refineries by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The NMDPRA has issued…

For the second time in the month of April, Dangote Petroleum Refinery and Petrochemicals has again reviewed its ex-depot (gantry) loading cost of petrol to ₦835 per litre. The $20bn Lagos-based refinery informed its marketers and customers of the slash on Wednesday. An official…

The Federal Government has signed a $328.8 million contract with Chinese firm, China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI). The agreement covers Engineering, Procurement, Construction, and Financing (EPC+F)…

Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official of the refinery confirmed the price reduction…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday said a minor fire incident recorded at the Port Harcourt Refining Company (PHRC) was immediately put out. NNPCL spokesman Olufemi Soneye, in a statement, said reports of an explosion rocking the refinery was false. He…