Oil Industry Insists on 3mbpd Goal, Seeks Lower Costs
Nigeria's oil sector leaders commit to 3 million barrels per day production but stress reducing high costs via technology and efficiency at SPE forum.
Category : Oil Gas
ExxonMobil Considers $24b Nigeria Deepwater Investment
ExxonMobil signals potential $24 billion investment in Nigeria's deepwater oil, focusing on Bosi field development with new FPSO unit and pipelines, marking 20 years of Erha project.
Depots Lower Petrol Prices After Dangote's Pricing Strategy
Private depot owners have reduced petrol prices across Nigeria to compete with Dangote Refinery, with ex-depot rates now ranging from N1,210 to N1,240 per litre. This price war is expected to benefit consumers in the coming days.
Arewa Youth Support NASS on Tantita Contract Extension
The Arewa Youth Consultative Forum endorses the National Assembly's move to extend Tantita Security Services' pipeline surveillance contract, citing reduced vandalism and economic benefits.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Stakeholders Call for Partnerships in Oil Communities Under PIA
Stakeholders advocate for strategic partnerships between host communities, oil companies, regulators, and government to implement the Petroleum Industry Act effectively, emphasizing collaboration for inclusive growth and sustainability in Bayelsa State.
Pipeline Security Boosts Oil Output and Investor Confidence
NNPCL links strengthened pipeline security to a rise in crude oil production to 1.71mbpd in 2025 and renewed investor confidence, despite vandals using advanced tactics like CCTV and missile launchers.
NOG Energy Week 2026 Focuses on Infrastructure, Gas, Innovation
The 25th NOG Energy Week in Abuja from July 5-9, 2026, will gather global stakeholders to discuss boosting investment, strengthening infrastructure, and enhancing energy resilience in Nigeria and Africa.
PETAN: Quiet Engine of Nigeria's Oil and Gas Industry
PETAN's Publicity Secretary Joan Faluyi highlights the association's role as a critical force in Nigeria's oil and gas sector, driving indigenous technical capabilities and operational execution beyond mere ownership.
)
Dangote Refinery Slashes Petrol Price to ₦1,200 After Oil Drop
Dangote Refinery has reduced Premium Motor Spirit price to ₦1,200 per litre, reversing recent hikes amid global crude oil price declines triggered by geopolitical developments involving Donald Trump and Iran.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended)
NNPC Doubles Crude Supply to Dangote Refinery
The Nigerian National Petroleum Company Limited has increased crude oil supply to Dangote Petroleum Refinery to 10 cargoes in March, though still below the 19 needed for optimal operations.
Dangote Refinery Slashes Petrol Price to ₦1,200/Litre
Dangote Refinery has reduced Premium Motor Spirit price by ₦75 to ₦1,200 per litre following a sharp decline in international crude oil prices. The move comes after geopolitical developments eased supply concerns.
NNPCL Exports Cawthorne Crude as Oil Hits $115
The Nigerian National Petroleum Company Limited begins exporting its new Cawthorne crude grade to boost production and market competitiveness, while global oil prices soar due to geopolitical tensions involving Iran.
Dangote Accuses IOCs of Not Supplying Crude to Refinery
Dangote Refinery criticizes international oil companies for not selling crude directly, forcing imports from the US and Africa. Experts cite market dynamics and agreements as barriers.
Eterna's Profit Soars 52.9%, Revenue Hits N302 Billion
Eterna Plc announced a robust financial turnaround for 2025, with profit before tax rising to N7.27 billion and revenue reaching N302.37 billion, driven by operational efficiency and strategic growth.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Dangote Cuts Petrol Price by N75 After Global Oil Drop
Dangote Petroleum Refinery has reversed its N75 per litre petrol price increase, lowering the ex-gantry price to N1,200. The move follows a sharp decline in global crude oil prices, triggered by eased geopolitical tensions involving Iran.
NNPC Discovers Rare Crude, Exports Cawthorne to Europe
Nigeria's NNPC has started exporting the newly discovered Cawthorne crude oil grade to Europe, aiming to diversify exports and boost revenue during high global oil prices.
Egypt Announces Major Gas Discovery Amid Energy Crisis
Egypt and ENI announce a significant natural gas discovery in the Eastern Mediterranean, offering potential relief as the country faces energy supply pressures linked to regional conflict and rising import costs.
Dangote Refinery Petrol Prices Jump N576 in 3 Months
Dangote Refinery increased petrol prices by N576 in the first quarter of 2026, adjusting rates nine times due to volatile crude oil markets and exchange rate pressures.
Naira-for-Crude Policy Secures Nigeria's Energy Supply
Nigeria's naira-for-crude policy and Dangote Refinery operations have shielded the country from global energy shortages caused by Middle East conflicts, ensuring petroleum product availability while other nations face severe disruptions.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
PETAN, Akwa Ibom Sign MoU for Oil and Gas Growth
The Petroleum Technology Association of Nigeria (PETAN) and Akwa Ibom State Government have signed an MoU to jointly develop oil and gas assets, aiming to enhance investment, infrastructure, and economic value in Nigeria's energy sector.
Fuel Imports Surge as Marketers Rival Dangote Refinery
Independent marketers like Bovas and Matrix Energy are intensifying fuel imports, bringing PMS and diesel to Nigerian ports to compete with Dangote Refinery, potentially stabilizing supply and easing prices.
Seplat Resumes Operations After PENGASSAN Strike Suspension
Seplat Energy Plc has resumed normal operations after the Petroleum and Natural Gas Senior Staff Association of Nigeria suspended its indefinite strike to allow ongoing negotiations over staff welfare and pay issues.
Ojulari's First Year at NNPC-L: Key Achievements
Engr. Bashir Bayo Ojulari marks one year as GCEO of NNPC Limited, driving production boosts, deepwater investments, and financial growth in Nigeria's oil and gas sector.
Adeleye Falade Assumes Office as NLNG's MD/CEO
Adeleye Falade has officially begun his tenure as the Managing Director and CEO of Nigeria LNG Limited, bringing nearly 30 years of global oil and gas experience to the role.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended)
Seplat Workers Strike Over Pay, Threatening Nigeria Oil Output
Seplat Energy workers have launched an indefinite strike over pay and welfare disputes, raising concerns about Nigeria's oil production and supply as the country faces rising fuel costs and economic pressure.
Group Backs NNPCL on $20 Billion Bonga Southwest Project
The Peoples Wellbeing Association supports NNPCL's IPO plans and $20 billion Bonga Southwest deepwater development, praising leadership reforms for transparency and investor confidence in Nigeria's energy sector.
Fuel Prices Jump as Crude Oil Crosses $100 Per Barrel
Fuel prices in Nigeria have risen sharply, with petrol reaching N1,242 and diesel N1,901 per litre, driven by global crude oil prices surpassing $100 per barrel, impacting consumers and businesses.
Nigeria's Oil Revenue Realignment: A Defining Moment
President Tinubu's Executive Order on oil and gas revenue sparks debate, aiming to convert Nigeria's hydrocarbon wealth into infrastructure and economic growth for its youth population.
Nigeria's Refineries Waste Billions, Produce Nothing
Nigeria's four state-owned refineries have consumed over $3.14 billion in rehabilitation funds but remain non-functional, exacerbating fuel shortages and economic strain. Investigations reveal decay, neglect, and allegations of mismanagement.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
NNPC Increases Crude Supply to Dangote Refinery
The Nigerian National Petroleum Corporation plans to increase crude oil supply to the Dangote Refinery to seven cargoes in May 2026, up from five. Industry experts argue this remains insufficient for the refinery's 650,000 barrels per day capacity, callin
Page 11 of 24
