Oil & Gas Industry

Dangote Refinery Adjusts Petrol Prices for Bulk Buyers to ₦955 Per Litre

Dangote Refinery Adjusts Petrol Prices for Bulk Buyers to ₦955 Per Litre

In a significant move within Nigeria's downstream oil sector, the Dangote Refinery has increased the price of Premium Motor Spirit… Read More

7 months ago

NERC decentralizes electricity oversight, boosting state-level regulation

  The Nigerian Electricity Regulatory Commission (NERC) has transferred full regulatory authority to four states: Enugu, Ekiti, Ondo, and Imo.… Read More

7 months ago

Nigeria’s Oil Production Rises by 14% in 2024 but Falls Short of Targets Amidst Industry Tensions; Positive Outlook for 2025

According to the Bloomfield LP Energy (Oil and Gas) Sector 2025 Report, Nigeria's oil and gas sector is poised for… Read More

7 months ago

Dangote Refinery and Global Crude Trends: Is N500 Per Litre Petrol Possible in 2025?

The possibility of petrol prices dropping to N500 per litre by 2025 hinges on both local refining capacity, led by… Read More

7 months ago

Shell Conditioned $5 Billion Bonga Deepwater Investment on Approval of $2.4 Billion Sale of Onshore Assets to Renaissance

Shell announced on Monday 18 December that it has reached a final investment decision (FDI) to invest $5 billion in… Read More

8 months ago

Shell Commits $5 Bn to Bonga North Deep-Water Project, Signaling Confidence in Nigeria’s Oil Sector

Shell Nigeria Exploration and Production Company (SNEPCo) has announced its final investment decision (FID) for the Bonga North deep-water project,… Read More

8 months ago

Aradel Holdings Agrees Deal to Acquire 5.14% Equity in Chappal Energies

Aradel Holdings Plc has agreed to acquire a 5.14% equity interest in Chappal Energies Mauritius Limited as part of its… Read More

8 months ago

NNPC: Old Port Harcourt Refinery Now Operating at 70% of Installed Capacity

  The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a statement reaffirming its significant progress in the operation… Read More

8 months ago

Dangote Refinery Reduces PMS Price to N970 Per Litre

Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, from… Read More

8 months ago

How Trump’s Oil Glut Policy Can Impact Nigeria’s Economy

President-Elect Donald Trump’s well-known phrase, “drill, baby, drill,” captures his administration’s pro-oil stance and ambition to expand the United States’… Read More

9 months ago