OIL & GAS

With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence production of petroleum products paving the way for additional jobs and foreign exchange relief to the economy.  This follows yesterday’s delivery of…

The Nigerian National Petroleum Company Limited (NNPCL), declared Wednesday that it remitted N4.5 trillion generated revenue into Federation Account as at October this year. It also declared that prosperity beckons for the country as indices and parameters in that direction are already showing…

Billionaire businessman, Femi Otedola, has said that Dangote Refinery will champion energy security in Nigeria. Otedola said this on Sunday on his X (formerly Twitter ) handle, where he congratulated Africa’s richest man and his “bestie,” Aliko Dangote, on the commencement of production…

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry. Quoting industry sources…

The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited ( NNPCL), Mele Kyari, has lamented that the operations of the company are being adversely affected by the activities of vandals who he said have vandalized over 5,000 kilometres of…

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,…