Venezuela Oil Revival Gains Momentum as U.S. Firms Move Into PDVSA Deals
Venezuela’s long-awaited oil sector revival appears to be gathering pace after two U.S. companies, SLB and Hunt Oil, signed agreements…
Category: Energy
FG Installs 668,000 Electricity Meters Under $500m World Bank Programme
The Federal Government has installed 668,000 electricity meters across customers’ premises under the World Bank-backed Distribution Sector Recovery Programme (DISREP),…
NCDMB Calls for Pan-African Local Content Partnerships to Boost Africa’s Industrial Growth
The Nigerian Content Development and Monitoring Board (NCDMB) has called for stronger Pan-African local content collaboration to unlock Africa’s industrial…
Hormuz Tanker Traffic Falls as Oil Flows Recover Despite Rising Tensions
Tanker traffic through the Strait of Hormuz has fallen below its recent average, even as crude oil flows through the…
Petrol Price Nears N1,300/Litre as Marketers Warn of More Uncertainty
Petrol prices are edging closer to N1,300 per litre in parts of Nigeria, with petroleum marketers warning that continued price…
Dangote Refinery Raises Alarm Over Rising Petrol Imports Despite Local Supply Capacity
The Dangote Petroleum Refinery has raised concerns over what it described as the rising volume of imported petrol entering Nigeria,…
Nigeria’s Petrol Consumption Falls 25% in July as Fuel Supply Slows — NMDPRA
Nigeria’s petrol consumption dropped sharply in July 2026, falling by 25% to 35.7 million litres per day (lpd), according to…
Dangote Refinery Pushes Nigeria’s Petroleum Exports to Record High
Nigeria’s petroleum product exports have reached a record level, with seaborne shipments surging seven-fold since 2023 as the Dangote Refinery…
19 Nigerian Oil Licences Face 2026 Expiry as NUPRC Pushes Fresh Investment
Nineteen oil licences in Nigeria’s upstream oil and gas sector have stated expiry dates falling within 2026, according to the…
Domestic Refineries Turn to Imports as Crude Supply Falls 25.4% in July
Crude imports by domestic refineries surged by 151.5 per cent in July 2026, rising to 5.13 million barrels from 2.04…
Dangote Refinery Raises Petrol Price to N1,200 Despite Falling Crude Prices
Dangote Petroleum Refinery has increased its petrol price from N1,185 to N1,200 per litre, adding fresh pressure to Nigeria’s already…
Dangote Refinery Expands Free Fuel Delivery to 14 States, Raising Hopes for Lower Petrol Prices
Dangote Petroleum Refinery has expanded its free petroleum product delivery programme to four more states, bringing the total number of…
NUPRC Gives 31 Oil Block Winners October Deadline to Pay Signature Bonuses
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 31 companies that emerged winners of 37 oil and gas blocks…
GRIDCo Sets September 12 Deadline for Pylon Right-of-Way Occupants to Vacate
The Ghana Grid Company Limited (GRIDCo) has reiterated September 12, 2026 as the deadline for individuals, businesses and other occupants…
Abuja Residents Protest 100% AEDC Electricity Tariff Increase as Power Costs Soar
Residents across the Federal Capital Territory are feeling the pressure of rising electricity costs after the Abuja Electricity Distribution Company…
Tony Elumelu’s Seplat Investment Doubles to Over $1bn as Shares Surge
Tony Elumelu’s investment in Seplat Energy has surged past the $1bn mark, more than doubling in value less than a…
Nigeria’s Oil Output Stagnates Five Years After PIA as Investment Gaps Persist
Five years after the Petroleum Industry Act (PIA) was introduced to bring greater certainty to Nigeria’s oil and gas industry,…
China’s Oil Imports Set for Rebound as Refiners Seek New Supplies
China’s oil imports are expected to rebound in the final quarter of 2026 as refiners increase purchases and search for…
Dangote Raises Petrol Price to N1,185 as Crude Oil Surges Above $93
The Dangote Petroleum Refinery has increased its petrol gantry price by N20 per litre, raising the cost from N1,165 to…
Nigeria’s $22bn Oil Investment Slump Raises Fresh Capacity Concerns
Nigeria’s oil and gas industry is facing a major human-capacity challenge after annual investment in the sector plunged by about…
Brent Oil Price Hits $93 as U.S.-Iran Tensions Raise Supply Concerns
The Brent oil price climbed above $93 per barrel on Thursday, reaching a three-week high as uncertainty over possible U.S.-Iran…
Geregu Power Pays N6bn Bond Debt After N40bn Repayment Default
Geregu Power Plc has reportedly paid the N6 billion owed to investors under its N40.09 billion Series 1 senior unsecured…
FG, Regulators Must Stabilise Oil Sector to Attract Fresh Investment — PENGASSAN
The Federal Government and oil sector regulators have been urged to create a more predictable and transparent regulatory environment to…
Oil, Gas Reforms Must Deliver Projects, Higher Output — TotalEnergies
TotalEnergies EP Nigeria Limited Country Chair and Managing Director, Matthieu Bouyer, has urged the Federal Government to move beyond policy…
Afreximbank Emerges as Africa’s Biggest Oil and Gas Financier, Says Wale Tinubu
The African Export-Import Bank (Afreximbank) has emerged as the largest financier of oil and gas projects in Africa, with more…
Strait of Hormuz Shipping Slows as Vessel Attack Raises Security Fears
Shipping through the Strait of Hormuz slowed further on Wednesday as vessel operators became increasingly cautious over rising security threats…
High Oil Prices Threaten Global Economic Stability as Moody’s Warns
Persistently high oil prices could pose a growing threat to global economic stability as expensive energy and possible fuel rationing…
Dangote Refinery Secures $1bn Backing Ahead of Planned IPO
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering (IPO), in…
Nigeria’s Gas Market Set for Major Shift as Exchange Trading Promises Clearer Prices
Nigeria’s gas market could be heading for a major transformation as the country moves towards exchange-based trading, a model expected…
Brent Crude Surges Above $90 as Strait of Hormuz Tensions Escalate
Brent crude oil prices climbed above $90 per barrel on Monday as renewed tensions between Iran and the United States…