Oil, Gas and Energy

NMDPRA Issues New Refinery Licenses In Edo, Delta, Abia

The Nigeria Midstream and Downstream Petroleum Resources Authority (NMDPRA) has issued refining licenses to three companies to build new refineries in Abia, Delta, and Edo States. According to an X post by the NMDPRA on its official page, the proposed refineries that have…

10/03/2025

Like Dangote, NNPCL Slashes Petrol Price As Competition Heightens

Competition for market share continues to heighten between the Dangote Refinery and the Nigeria National Petrol Company Limited, as the latter has slashed Premium Motor Spirit’s price to ₦860 per litre. A market survey by press on Tuesday confirmed the development. The price cut…

04/03/2025

Dangote To Refund Customers Who Purchase PMS Above Advertised Rates

Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move…

03/03/2025

We Have Sufficient Petrol To Meet 100% Of Nigeria’s Need – Dangote Refinery

The Dangote Petroleum Refinery has enough Premium Motor Spirit, otherwise known as petrol, in storage to sufficiently meet the local needs of Nigeria, according to the President of Dangote Industries Limited, Aliko Dangote. Speaking at the weekend, Dangote disclosed that the oil refinery…

26/02/2025

NOSDRA Begins Oil Recovery after Shell Pipeline Spill

The National Oil Spill Detection and Response Agency has reported an oil spill from Shell’s underwater pipeline in Obololi, Southern Ijaw Local Government area of Bayelsa State. This is as it commenced the recovery of the spilled crude on Friday. The agency in…

22/02/2025

NNPCL Acquires 15% Equity in Starzs Gas CNG Station in Delta

The Nigerian National Petroleum Company Limited (NNPCL), through its subsidiary, NNPC Gas Marketing Limited (NGML), has agreed to take a 15 per cent equity shareholding in Starzs Gas Limited’s two million standard cubic feet per day (2mmscf/d) Compressed Natural Gas (CNG) mother…

17/02/2025

Algeria, Nigeria, Niger Sign Deals On Gas Pipeline To Europe

Officials from Algeria, Nigeria and Niger signed new contracts Tuesday aimed at accelerating the development of a vast natural gas pipeline toward Europe, the Algerian press agency APS reported. The Trans-Saharan Gas Pipeline (TSGP), announced in 2009, would transport billions of cubic metres…

12/02/2025

Dangote Refinery Drops Diesel Price From ₦1,075 To ₦1,020 Per Litre

The Dangote Petroleum Refinery and Petrochemicals has dropped the cost of its diesel product to ₦1,020 per litre, down from ₦1,075 per litre at the gantry price. In a statement, the $20bn company said the reduction was part of its effort to better…

12/02/2025

Dangote Begins Fuel Export to Saudi Arabia, Pushes Capacity to 550,000bpd

Two cargoes of jet fuel, averaging about 130 million litres, have been exported from Nigeria to Saudi Arabia by the Dangote Petroleum Refinery. Coming on the backdrop of projection by the Organisation of Petroleum Exporting Countries (OPEC) that the 650,000 barrel per day (bpd)…

06/02/2025

Two Petrol Tankers Explode At Adamawa Filling Station

Fire gutted two petrol-laden tankers at an MRS filling station along the Numan Road, opposite the Jezco filling station near the Yola International Airport on Tuesday. The road leading into Yola, the state capital, was blocked as curious residents of the area rushed…

05/02/2025