Oil, Gas and Energy

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…

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…

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…

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)…

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…

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that Nigeria generated over 831.14 billion dollars in revenue from the oil and gas sector between 1999 and 2023. NEITI’s Executive Secretary,  Ogbonnaya Orji, stated this on Monday when he appeared before the Senate…

Oando Plc reported a 45 per cent increase in revenue to N4.1tn for the financial year ended December 31, 2024, compared to N2.9 trillion recorded in the previous year. The company’s unaudited financial statements, released on Friday on the Nigeria Exchange Limited, also…

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says petrol prices will crash down following the revival of the Port Harcourt and Warri refineries by the Federal Government. In a statement on Saturday, PETROAN National Public Relations Officer, Dr. Joseph Obele,…

A surge in Premium Motor Spirit sales has pushed MRS Oil Nigeria Plc’s pre-tax profit to N403.5 million for Q4 2024 in its recent financial statement, published on the Nigerian Exchange (NGX) on January 29, 2025. This marks a 60.67% decline from last…