Oil prices fell on Monday, as the latest European sanctions on Russian oil are expected to have minimal impact on supplies, while U.S. tariffs stoked demand...
Nigeria’s oil and gas sector stands at a strategic inflection point and the country’s marginal fields are vital for growth and sustaining upstream activity. These smaller,...
The Pipeline Infrastructure Nigeria Limited (PINL) has said that it has successfully engaged major stakeholders to combat pipeline vandalism and crude oil theft along the Eastern...
House of Representatives says the enactment of the Petroleum Industry Act (PIA 2021) has yielded remarkable results with more than 16 billion dollars investment commitments and...
Nigeria is set to push for a 25% increase in its oil production quota by 2027, citing growth in refinery capacity and improved production, according to...
Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global...
Socio-Economic Rights and Accountability Project (SERAP) has filed a suit against the NNPCL for its inability to account for over N825 billion and $2.5 billion meant...
Oil prices rose over 2% on Friday as the International Energy Agency said the market was tighter than it appears, while U.S. tariffs and possible further...
Nigerian Upstream Petroleum Regulatory Commission states that 102 Host Community Development Trusts have received N97 billion and $149 million as HCDT funds remitted by settlors. NUPRC’s...
Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to...
Dangote Refinery has reduced its ex-depot the price of petrol, from N840 per litre to N820 per litre, effective immediately. It will be recalled that the...
Oil prices held near a two-week high on Tuesday as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+...
TotalEnergies Limited says it will unveil its shallow-water 70,000 barrels per day (bpd) Ima gas field project in Nigeria by 2026. The Country Chairman/Managing Director, TotalEnergies...
National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N7,885.60 recorded in April to N8,167.43 in May 2025. This...
Dangote refinery management has said that its ex-depot price of petrol is now N840 per litre instead of N880. This will bring down the pump price of petrol across...