Oil and Gas
NNPC Spent N13.2tn on State Refineries Despite Mounting Losses
The Nigerian National Petroleum Company Limited injected an estimated N13.2 trillion into the country’s three state owned refineries between 2023 and 2024, despite...
NNPC Plans Equity Partnerships to Revive State Refineries as Dangote Offers Supply Relief
Nigeria’s long troubled state owned refineries with a combined capacity of 445000 barrels per day may be headed for a reset as the...
PENGASSAN Denies Allegations Against TotalEnergies, Warns Against Breach of Confidentiality
ABUJA – The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has refuted reports claiming the association accused TotalEnergies Nigeria Limited...
Nigeria Hands Over Africa Energy Bank Headquarters to APPO in Abuja
Nigeria on Monday formally handed over the fully furnished headquarters of the Africa Energy Bank to the Association of African Petroleum Producing Countries,...
FG Says Nigerian Content Policy Not Meant to Exclude Foreign Oil Companies
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has clarified that Nigeria’s local content policy is not designed to bar...
Petrol Price May Hit N1,000 Per Litre as Global Crude Oil Prices Surge
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may rise to as much as N1,000 per litre in the...
Shell’s $5bn Bonga South-West Project Secures Presidential Backing
President Bola Tinubu has approved targeted incentives to unlock Shell’s long-delayed $5bn Bonga South-West deep-offshore oil project, signalling renewed government commitment to attracting...
Dangote Refinery Moves to 24-Hour Operations, Boosts Nigeria’s Fuel Supply
The Dangote Petroleum Refinery has commenced round-the-clock loading operations as it strengthens efforts to sustain a daily supply of more than 50 million...
