UK Pulls $1.15bn Loan for Mozambique Gas Project
Britain withdraws funding for TotalEnergies' Mozambique LNG project, citing national interests. The $20bn project, halted by jihadist violence, faces new hurdles. Read the full analysis.
Category : Oil Gas
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron subsidiary. Deal aims to develop new opportunities in Nigeria's oil sector.
TotalEnergies Sells Nigeria Offshore Stake to Chevron
French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
OPEC Keeps Nigeria's Oil Output at 1.5m bpd to 2026
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
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Dangote Refinery to Supply 1.7bn Litres of Petrol Monthly
Dangote Refinery commits to supplying up to 1.7 billion litres of petrol monthly, boosting Nigeria's fuel security. Read the full details of this landmark development.
OPEC+ Pauses Oil Output Hikes Until March 2026
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
FG Opens 50 Oil, Gas Blocks for Sale, Announces Date
Nigeria launches ambitious 50-block oil and gas licensing round starting December 1. International roadshows planned to attract global investors and boost energy sector growth.
OPEC+ Likely to Maintain Current Oil Production Levels
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
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Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
Legal Battle: Lawyer Represents Both FBN and NUPRC
Senior lawyer Babajide Koku's dual representation in Nestoil-FBN legal battle raises conflict of interest concerns, threatening Nigeria's oil sector integrity. Stakeholders warn of serious consequences.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Watchdog Defends PIA Implementation Against ₦1 Trillion Claim
Niger Delta accountability network refutes House Committee claims, says Petroleum Industry Act implementation is on track and bringing stability to oil sector. Read full details.
NNPC Petrol Price Drops to N905, Remains Above Rivals
NNPC reduces petrol pump price to N905 per litre, but major marketers like Ardova and MRS offer cheaper fuel. Analysts predict further cuts as competition intensifies.
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Canada Advances New Oil Pipeline Amid Climate Concerns
Canadian PM Mark Carney signs agreement for new Alberta-Pacific oil pipeline, raising climate concerns while aiming to boost Asian exports amid US trade tensions.
Dangote Refutes Off-Spec Diesel Claims Amid Quality Concerns
Dangote Refinery rejects claims of supplying substandard diesel to Europe while maintaining West Africa as primary market. Company plans Euro VI standards by 2028.
UK Allows New Oil and Gas Drilling in North Sea
Britain's Labour government signals a policy shift, permitting limited oil and gas extraction in existing North Sea fields despite a prior ban on new licenses. Discover the details.
Dangote Refinery Expands to 1.4 Million Barrels Daily
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
30,000-BPD Modular Refinery Inspected in Delta
Minister Lokpobiri inspected Ebenco's 30,000-barrel modular refinery in Koko, Delta, boosting Nigeria's energy security and creating jobs. Read more about this landmark project.
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N1.6trn Niger Delta cleanup funds lost - Reps
House Committee reveals Nigeria lost N1.6 trillion in Niger Delta cleanup funds due to PIA non-implementation. Environmental crisis worsens as communities suffer.
N850bn PIA Environmental Funds Not Implemented - Reps
House Committee warns of deepening ecological devastation in Niger Delta as Petroleum Industry Act environmental funds remain unimplemented four years after passage. Urgent action needed.
Tinubu Hails Ex-NNPC GMD Gaius-Obaseki at 80
President Bola Tinubu celebrates former NNPC GMD Dr. Jackson Gaius-Obaseki's 80th birthday, praising his decades of service in Nigeria's oil and gas sector. Read more about his remarkable career.
N1.65trn PIA Funds Denied to Niger Delta
House Committee exposes how Niger Delta lost N1.65 trillion in environmental cleanup funds due to PIA implementation failures. Lawmakers demand immediate action.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
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Reps query non-implementation of PIA environmental funds
House of Representatives committee warns of deepening ecological crisis in Niger Delta as ₦1.65 trillion environmental funds remain unimplemented four years after PIA enactment. Urgent action needed.
Petrol Workers Applaud NNPCL Health Insurance Scheme
NNPC filling station workers commend new health insurance scheme covering 7,000 employees. Workers urge NUPENG to conduct elections and private marketers to follow NNPCL's example.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
Tinubu hails former NNPC GMD Gaius-Obaseki at 80
President Tinubu celebrates Dr. Jackson Gaius-Obaseki's 80th birthday, praising his transformative impact on Nigeria's oil and gas sector. Read about his legacy and NNPC's new health scheme.
Army recovers 109,000 litres of stolen petroleum products
Nigerian Army's 6 Division deactivates 7 illegal refining sites, recovers stolen crude oil and AGO worth over N150 million in Niger Delta operations. Support the fight against oil theft.
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NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
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