Oil & Gas

MRS Oil Nigeria Plc to Delist from NGX and Move to NASD OTC Exchange

MRS Oil Nigeria Plc to Delist from NGX and Move to NASD OTC Exchange

MRS Oil Nigeria Plc, a leading petroleum marketing company in Nigeria, has announced its decision to voluntarily delist from the… Read More

4 months ago

Nigeria’s Obodo Crude Oil Grade to Launch in April

Nigeria is set to introduce a new crude oil grade, Obodo, into the global market in April, reinforcing its efforts… Read More

4 months ago

OPEC Basket Price Rises to $75.96 Due to Oil Supply Constraints

The OPEC Daily Basket Price climbed to $75.96 per barrel on Tuesday, up from $75.74 the previous day, as reported… Read More

4 months ago

AI and Asset’s Sales: Shell’s Recipe for a Leaner Future – Wael Sawan

In a revealing interview during Shell’s Capital Markets Day in New York on March 25, 2025, CEO Wael Sawan laid… Read More

4 months ago

Dangote Refinery Issues Tender to Sell 128,000 metric tons of residual fuel oil

Dangote Refinery has issued a tender to sell 128,000 metric tons of residual fuel oil according to a market document… Read More

4 months ago

Dangote Refinery: Reshaping Global Fuel Trading Dynamics

The emergence of Nigeria’s Dangote refinery, Africa’s largest with a capacity of 650,000 barrels per day (bpd), is sending ripples… Read More

4 months ago

NNPC’s $21.5 Billion Forward Oil Sales Strain Domestic Crude Supply Obligations

Since 2019, the Nigerian National Petroleum Company Limited (NNPC) has committed $21.565 billion to forward crude oil sales, a strategy… Read More

4 months ago

Another Pipeline Explosion Reported in Rivers State

Another pipeline explosion has reportedly impacted the Soku oil facility in the Akuku Toru Local Government Area of Rivers State,… Read More

4 months ago

NNPC Confirms Flare Incident at Port Harcourt Refining Company; Refutes Claims of Explosion

The management of the Nigerian National Petroleum Company (NNPC), has confirmed the incident that occurred at the Port Harcourt Refining… Read More

5 months ago

Dangote Refinery Suspends Naira Sales of Petroleum Products, Shifts to U.S. Dollars

Dangote Petroleum Refinery has temporarily suspended the sale of petroleum products in Naira, opting instead for transactions in U.S. dollars.… Read More

5 months ago