Oil & Gas

Dangote Refinery Slashes Petrol Prices at Loading gantry to N815/Litre Amid ongoing Oil Price War 

Dangote Refinery Slashes Petrol Prices at Loading gantry to N815/Litre Amid ongoing Oil Price War

Dangote Petroleum Refinery quietly reduced the loading cost of its petrol from N825 per litre to N815 per litre. This… Read More

5 months ago

Precarious Balance for Nigeria’s 2025 Budget As Brent Crude Falls to $69.22

As of March 11, 2025, Brent crude oil prices have declined to $69.22 per barrel, weighed down by escalating trade… Read More

5 months ago

The Real Reason Why Dangote is Cutting Petrol Price- Market Dominance ?

Dangote’s refinery has ignited a price war in Nigeria’s downstream oil industry, forcing oil marketers to compete aggressively for price-sensitive… Read More

5 months ago

NNPCL and Dangote Refinery in Talks to Extend Naira-for-Crude Deal

The Nigerian National Petroleum Company Limited (NNPCL) and the Dangote Oil Refinery are currently negotiating an extension of their naira-based… Read More

5 months ago

NNPC Suspends Naira-for-Crude Deal: Implications for Local Refineries and the Naira’s stability

The Nigerian National Petroleum Company (NNPC) Limited has terminated its naira-for-crude oil swap arrangement with domestic refineries, a decision that… Read More

5 months ago

NNPC Signs 20-Year, 80mmscf/d Gas Supply Deal with Ssonic Petroleum for Lekki LNG Plant

NNPC Ltd, Nigeria’s state-owned petroleum corporation, has expanded its domestic gas supply strategy through a significant Gas Sale and Purchase… Read More

5 months ago

Seplat discloses $1.98 million pay for CEO Roger Brown as part of board remuneration report

Seplat Energy has revealed that Roger Brown, its Chief Executive Officer, earned $1.98 million in total remuneration for the financial… Read More

5 months ago

Seplat strengthens stakeholder engagement as part of governance overhaul

Seplat Energy, the dual-listed Nigerian oil and gas producer, has introduced structured engagement channels to ensure that shareholders, regulators, employees,… Read More

5 months ago

Explainer: Understanding Unitisation in Ghana’s Oil and Gas Sector – Lessons from the ENI-Springfield Case

On 26th February 2025, Ghana’s Ministry of Energy formally withdrew the Unitisation Directives that previously ordered the compulsory integration (unitisation)… Read More

5 months ago

Aramco’s $106B Profit Falls 12% in 2024, Posing Risks for Nigeria’s NNPC as Oil Prices Drop

Saudi Arabia’s oil firm, Aramco, reported a full-year profit of $106.25 billion in 2024, a 12% decline from the previous… Read More

5 months ago