Oil & Gas

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

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

5 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

Renaissance Group Launches Investigation into the Trans Niger Pipeline Explosion in Rivers State

A powerful explosion struck the Trans Niger Pipeline (TNP) in Rivers State on Monday night, igniting a fire that has… Read More

5 months ago

Landing Cost of Imported Petrol Drops to N797.66 Per Litre says MEMAN

The Major Energies Marketers Association of Nigeria (MEMAN) has revealed that the landing cost of imported premium motor spirit (PMS),… Read More

5 months ago

Nigeria’s House of Representatives Recovers N28.7 Billion from Oil Companies

The Nigeria House of Representatives announced a major breakthrough in its efforts to recover outstanding revenues owed to the Federation… Read More

5 months ago

NCDMB Launches Probe into Sterling Oil (SEEPCO) for Expatriate Quota Breaches and Anti-Labor Practices

The Nigerian Content Development and Monitoring Board (NCDMB) has launched an investigation into Sterling Oil Exploration and Energy Production Company… Read More

5 months ago

Boosting Growth and Prosperity in Nigeria

Nigeria, Africa’s most populous nation and one of its largest economies, now finds itself at a critical juncture. Despite its… Read More

5 months ago

Seplat Energy Moves to Raise $650 Million Through Bond Offering

Seplat Energy Plc, one of Nigeria’s leading indigenous energy companies, has announced the pricing of a new bond, known as… Read More

5 months ago