The Nigerian National Petroleum Company Limited (NNPCL) has exported 950,000 barrels of Cawthorne Blend crude from a new terminal, marking the first such export in five decades, with support from Sahara Group and regulatory approvals.
The Society of Petroleum Engineers Port Harcourt Section 103 hosts the Well Intervention Summit 2026 to address declining productivity from ageing oil wells, rising costs, and the need to maximize existing assets in Nigeria's capital-constrained energy se
The National Bureau of Statistics reveals Nigeria exported N47.43 trillion worth of crude oil in 2025, with Spain leading as the top buyer among European and Asian nations.
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Nigeria's crude oil exports to the United States plummeted by nearly 47% in January 2026 as global energy emergencies reshape trade dynamics, with Angola and Ghana gaining market share.
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Pipeline Infrastructure Nigeria Limited (PINL) calls for stronger collaboration with host communities to enhance oil and gas pipeline security in the Niger Delta, with traditional rulers praising the firm's engagement model.
New data reveals the United States reduced crude oil imports from Nigeria by 47.16% in January 2026, with Angola and Ghana gaining market share, while the US trade surplus with Nigeria widened significantly.
NNPC Limited announces plans for a public listing on major global exchanges, including the New York and London Stock Exchanges, to boost transparency and investor confidence in Nigeria's oil sector.
The Niger Delta Stakeholders Forum appeals to President Tinubu to decentralize pipeline surveillance contracts, warning of economic risks from exclusion and condemning alleged manipulation by Amnesty Programme officials.
ExxonMobil affiliate Esso Exploration and Production Nigeria Limited has launched a permanent Shore Base facility at LADOL, enhancing deepwater logistics and supporting Nigeria's oil sector growth.
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Esso Exploration and Production Nigeria Limited commemorates two decades of first oil from the Erha Field, highlighting over 800 million barrels produced, $22 billion in taxes, and significant contributions to Nigeria's deepwater sector and economy.
Oceangate Engineering Oil & Gas Limited plans to appeal a Federal High Court order for asset forfeiture, asserting no wrongdoing and confidence in the judicial process.
Following the rejection of 186 expatriate quotas, Nigeria's PTDF and NUC are rapidly building local skills and updating curricula in the oil sector, focusing on AI, renewable energy, and cost-effective domestic training to reduce foreign reliance.
The Nigerian government has dramatically reduced approval time for reactivating idle oil wells from weeks to hours to boost crude output. Indigenous firms show interest as global prices near $100 per barrel.
The Federal Government has defended its resolution of the OPL 245 oil block dispute, calling it a landmark achievement that saved Nigeria over $2 billion in liabilities and unlocked a major dormant asset, while rebuffing criticisms from former Vice-Presid
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Nigeria's push to increase oil production by activating over 400 idle wells faces a $6 billion capital expenditure hurdle, threatening crude supply to Dangote Refinery and domestic obligations amid production losses.
FNCCI Director-General Moses Umoru warns Nigeria may not fully benefit from rising oil prices due to crude-backed loan commitments like Project Gazelle and Project Leopard, which limit fiscal flexibility amid inflation.
Niger Delta communities and civil society organizations are insisting on full participation in oil asset divestment processes, warning that exiting multinationals must not abandon environmental liabilities.
Niger Delta communities and civil society groups call for transparency and environmental justice as NUPRC enforces strict rules on oil asset divestments, amid concerns over unresolved legacy issues.
Global crude oil prices plummeted up to 10% after Donald Trump paused strikes on Iran, raising expectations for reduced petrol prices in Nigeria as marketers face pressure to pass on savings.
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VNL Capital reports Middle East conflict has disrupted Strait of Hormuz oil flows, causing major global supply shortfall. Higher transport costs and limited alternatives are pushing oil prices upward as market enters geopolitically sensitive phase.
As global oil prices surge to $114 per barrel due to Middle East conflicts, Nigeria faces a paradox: high prices offer fiscal windfalls but expose deep structural weaknesses. With production below OPEC+ quotas and rising domestic fuel costs, the country m
Dangote Petroleum Refinery has received 19 cargoes totaling 17.56 million barrels of crude oil and feedstock between February and March 2026, combining Nigerian streams with international imports to ensure steady operations.
Fuel prices in Nigeria have skyrocketed by up to N100 per litre in major cities including Lagos, Abuja, and Kaduna, driven by global crude oil market tensions. The increase is pushing transport fares higher and worsening inflation concerns nationwide.
Nigeria's downstream oil market signals potential petrol price reductions as private depots sell below Dangote's benchmark rates, driven by falling global crude oil prices and easing geopolitical tensions.
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Nigeria faces the world's second-highest petrol price increase at 39.5%, driven by geopolitical tensions and limited refining capacity, exacerbating inflation and economic strain nationwide.
MRS Oil Nigeria Plc and Ardova have raised petrol pump prices nationwide after Dangote Refinery increased its ex-depot cost. The adjustments come amid surging global crude oil prices, with Brent crude hitting $112.19 per barrel.
The United States has issued a temporary authorization permitting the sale of approximately 140 million barrels of Iranian crude oil already loaded on ships at sea. This move aims to alleviate global supply shortages and stabilize rising energy prices, wi
The Federal Government declares Nigeria's readiness to act as a reliable oil supplier to stabilize global energy markets, addressing Gulf tensions and domestic security.
Nigeria has escalated discussions in London on a transcontinental gas pipeline project to supply European markets, with investments exceeding $20 billion anticipated. Key stakeholders, including Minister Ekperikpe Ekpo and NNPC officials, highlighted the
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Dangote Petroleum Refinery has increased petrol prices twice within 24 hours, reaching N1,275 per litre, as global crude oil prices surge above $110 due to Middle East tensions.
