Oil and Gas

28 Articles
Economy

Senate Issues 48 Hour Ultimatum to Four Oil Companies Over NEITI Audit Queries

Four major oil companies operating in Nigeria now face a critical deadline after the Senate Public Accounts Committee issued them a 48 hour...

EconomyMetro

Senate probe into oil sector audit hits roadblock as CBN, NDDC and NUPRC skip hearing

A high stakes Senate investigation into Nigeria's oil and gas sector transparency has suffered an embarrassing setback after three major government agencies failed...

EconomyMetro

Nigeria Awards 37 Oil and Gas Blocks to 31 Companies in Historic Licensing Round

Nigeria has concluded one of its most significant petroleum licensing rounds in recent history, awarding 37 oil and gas blocks to 31 companies...

Economy

Nigeria Gas Production Surges 12 Percent as Reforms Attract Billions in Investment

Nigeria has recorded a significant jump in natural gas production, with daily output reaching 7.63 billion standard cubic feet, up from 6.83 billion...

Economy

Eterna Plc Records N302.4bn Revenue, Approves Dividend at 33rd AGM

Eterna Plc has announced a revenue of N302.4 billion for the financial year ended December 31, 2025, as shareholders approved the company’s audited...

Economy

NECA Questions Fresh NNPCL Refinery Pact With Chinese Firms

The Nigeria Employers Consultative Association has expressed serious concerns over the recent Memorandum of Understanding signed between Nigerian National Petroleum Company Limited and...

Economy

Nigeria Exports 80 Percent of Crude Oil Despite Rising Local Refinery Demand

Oil companies in Nigeria exported nearly 80 percent of the country’s crude oil production in the first quarter of 2026 despite increasing demand...

Economy

NUPENG Demands Results from FG China Refinery Partnership

The Nigeria Union of Petroleum and Natural Gas Workers has urged the Federal Government and the Nigerian National Petroleum Company Limited to ensure...

Economy

NUPENG Pledges Better Welfare and Safety for Oil Workers Amid Industry Pressures

The Nigeria Union of Petroleum and Natural Gas Workers has reaffirmed its commitment to improving the welfare, safety, and representation of workers in...

Economy

Dangote Refinery Sets Aviation Fuel Price at ₦1,820 Per Litre Amid Industry Concerns

Dangote Petroleum Refinery has announced a gantry price of ₦1,820 per litre for aviation fuel, a move aimed at improving transparency and stabilizing...