Oil, Gas and Energy

Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign goods, we want…

The Nigerian National Petroleum Company (NNPC) Limited says it has noted the appearance of fuel queues in some parts of Lagos and a few other locations around the country. The retail management of the NNPC in a statement on Thursday, said the queues…

For the first time in almost a decade, the Nigerian National Petroleum Company (NNPC) Limited has stopped the crude oil swap arrangement for petrol and begun utilising cash tenders to purchase fuel. This shift, which is in accordance with President Bola Tinubu’s reform…

The Shell Petroleum Development Company of Nigeria yesterday confirmed the October 3 oil spill from its flow station in Peremabiri community, Southern Ijaw Local Government Area of Bayelsa State. Several farmlands, including those with economic trees, as well as the marine environment, had…

The Federal Government has granted a Petroleum Exploration Licence to TGS-PetroData Offshore Services Limited, which is the first of such licence to be issued under the Petroleum Industry Act 2021. It said the licence, which was granted by the Nigerian Upstream Petroleum Commission,…

The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, projects that Nigeria will become a net exporter of petroleum products by next year. Speaking at the PENGASSAN Energy and Labour Summit 2023 in Abuja on Monday, Kyari said…

The Federal Government, on Monday, denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol, amid the closure of many filling stations nationwide due to various challenges in the downstream oil sector. It also said the pockets of queues observed by motorists…

The attention of the Nigerian National Petroleum Company Limited has been drawn to reports in an isolated section of the media alleging underhand dealings in the award of contracts for the rehabilitation of pipelines across the country. It is crucial to provide accurate…

The Nigerian National Petroleum Company Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit, commonly referred to as petrol. The company’s management, in a statement shared Friday on X, said, ” we do not have…

The Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Content Development & Monitoring Board (NCDMB) yesterday signed a Memorandum of Understanding (MoU) with the international oil companies (IOCs) to reduce contracting cycle by 81.6 per cent. At the least, this would mean…