Oil & Gas Industry

IPMAN to Enforce 45,000-Litre Limit on Petrol Tankers from October 1 to Curb Road Disasters

IPMAN to Enforce 45,000-Litre Limit on Petrol Tankers from October 1 to Curb Road Disasters

In a decisive move to reduce the rising number of tanker-related accidents on Nigerian roads, the Western Zone of the… Read More

3 days ago

Dangote Refinery Appoints New CEO, David Bird, to Drive Growth, Resolve Output Woes

Dangote Petroleum Refinery & Petrochemicals has named David Bird, former head of Oman’s Duqm refinery, as CEO of its fuels… Read More

3 days ago

Seplat Energy Q2 2025 Profit Slips 0.76% to N139.5 Billion as Production Triples

Seplat Energy has posted a pre‑tax profit of ₦139.465 billion in Q2 2025, a slight 0.76% decline from ₦140.535 billion in Q2 2024, despite… Read More

5 days ago

NNPC Dismisses Report of Port Harcourt Refinery Sale, Commits to High-Grade Rehabilitation

The Nigerian National Petroleum Company Limited (NNPC Ltd) officially ruled out selling Port Harcourt Refining Company, ending weeks of speculation… Read More

5 days ago

Oil Prices Rally Following U.S.- EU 15% Tariff Agreement

Oil prices climbed on Monday, after the United States and European Union agreed on a tariff deal of 15 % on… Read More

1 week ago

Oil Prices Dip Below $68 as US Tariff Threat, Tensions Rattle Markets

Crude prices fell below $68 a barrel on Monday, as global markets braced themselves for the economic fallout of imminent… Read More

2 weeks ago

Aradel Holdings Plc Appoints Augustine Olorunsola as Interim Chairman

Aradel Holdings Plc has announced the appointment of Mr. Augustine Olorunsola as the Interim Chairman of the Board of Directors,… Read More

2 weeks ago

Oil Prices Rise as EU Sanctions Squeeze Russian Crude Supply

Oil prices climbed on Friday due to the European Union’s latest sanctions on Russia, and rising fuel consumption, offsetting concerns… Read More

3 weeks ago

Oil Prices Slip as Nigeria Hits OPEC’s 2025 Output Quota

Oil prices edged lower on Wednesday, pressured by signs of slowing global demand and increased crude supply from the Organization… Read More

3 weeks ago

IEA Cuts 2025 Global Oil Demand Forecast

The International Energy Agency (IEA) has revised its 2025 global oil demand growth forecast downward to 700,000 barrels per day… Read More

4 weeks ago