NNPC Gas Master Plan 2026: Nigeria Set to Boost Gas Supply by 1.8 Bcf/d
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to increase the country’s gas supply by an…
Category: Energy
Tinubu Executive Order on NNPCL Revenue Remittance Signals Major Oil Sector Reform
President Bola Tinubu has signed a sweeping Executive Order suspending the collection of management and frontier exploration fees by the…
NNPC to Increase Gas Supply by 1.8bcf/d in 2026 to Meet Rising Domestic Demand
The Nigerian National Petroleum Company Limited (NNPC Ltd) has unveiled plans to raise gas supply by an additional 1.8 billion…
Nigeria’s Oil Output Falls 6.3% in January 2026 Amid Price Volatility
Nigeria’s oil production fell sharply in January 2026, raising concerns about the country’s ability to meet both its budget and…
Petralon Energy Hits First Oil at Dawes Island, Wins Shell Backing
Petralon Energy has officially struck first oil at its Dawes Island Field, earning strong backing from Shell Western Supply and…
Nigeria Loses N1.76 Trillion After Missing OPEC Crude Oil Quota
Nigeria’s oil sector suffered a staggering N1.76 trillion loss in potential revenue after failing to meet the Organisation of the…
Nigeria’s Gas Market in 2025: Exports Surpass Domestic Sales, Driving Sector Growth
Nigeria’s gas sector saw a remarkable performance in 2025, with exports overtaking domestic sales for the first time in recent…
Dangote Group Invests $400 Million in Equipment to Expand Refinery and Boost Petrochemical Output
Dangote Group has taken a major step to accelerate its industrial ambitions, signing a $400 million agreement with China’s XCMG…
No Decision Yet on Disputed Oil Wells Reallocation, Confirms RMAFC
The federal government has not made any decision on the reallocation of disputed crude oil wells between Nigeria’s oil-producing states,…
NNPCL Signs MoU with China Gas to Boost Domestic LNG and Power Infrastructure
The Nigerian National Petroleum Company Limited (NNPCL) has taken a significant step to strengthen Nigeria’s domestic energy infrastructure by signing…
Brent Crude Trades $67.78, $3 Above Nigeria’s 2026 Oil Benchmark Amid Geopolitical Tensions
Global oil markets opened the week with Brent crude trading at $67.78 per barrel on Monday, holding about $3 above…
NNPC Revenue Surges to N60.5 Trillion in 2025, Profit Hits N5.7 Trillion
The Nigerian National Petroleum Company Limited (NNPC) has reported a remarkable N60.5 trillion in revenue for 2025, alongside a profit…
NBET Budget Release 2025 Falls Far Short: Only N60 Million Released from N858 Billion Allocation
The Nigerian Bulk Electricity Trading (NBET) Plc has revealed that only N60 million was released from its N858 billion capital…
NNPC 2025 Revenue Hits N60.5 Trillion as N14.7 Trillion Remitted to Federation Account
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reported a remarkable N60.5 trillion in total revenue for 2025, remitting…
Nigeria Blackout Fears Rise as Seplat Gas Plant Maintenance Threatens 934MW Power Shortfall
Fears of widespread electricity disruptions are mounting across Nigeria following the announcement of scheduled maintenance at a major gas facility…
Nigeria Underperforms OPEC Oil Quota for Sixth Straight Month Despite January Output Increase
Nigeria has once again fallen short of its crude oil production target set by the Organisation of the Petroleum Exporting…
NNPC Warns of Power Dip as Seplat Shuts Gas Plant for Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a power dip warning following the planned shutdown of a…
Africa Must Unite to Unlock Energy Potential, Says NCDMB Executive Secretary
Africa’s energy sector could reach new heights if countries across the continent work together, according to Felix Ogbe, Executive Secretary…
Nigeria’s Crude Oil Output Rises to 1.459 Million BPD in January 2026 Amid Ongoing Challenges
Nigeria’s crude oil production rose to 1.459 million barrels per day (bpd) in January 2026, reinforcing its position as Africa’s…
Dangote Refinery Receives 250,000MT of Crude and Feedstocks Amid Import Clarifications
Dangote Petroleum Refinery and Petrochemicals has taken delivery of approximately 250,000 metric tonnes of crude oil and intermediate feedstocks at…
Shared Gas Infrastructure Key to Africa’s Industrial Growth, Says NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasised that shared gas infrastructure in Africa is vital to unlocking…
Dangote Refinery Hits Full Capacity of 650,000 bpd, Boosting Nigeria’s Energy Security
The Dangote Petroleum Refinery has officially reached its full nameplate capacity of 650,000 barrels per day (bpd), marking a historic…
NUPRC Launches 2025 Oil Licensing Round to Attract Global Investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on global investors to seize opportunities in its 2025 oil and…
Crude Oil Nears $70 Amid US-Iran Tensions, Sparking Global Market Volatility
Crude oil prices surged toward $70 per barrel this week, climbing from $67 last week, as escalating tensions between the…
Dangote Reduces Petrol Price by N25 per Litre to Boost Local Refinery Competitiveness
Dangote Petroleum Refinery has announced a significant reduction in its petrol prices, slashing the gantry price of Premium Motor Spirit…
Dangote Cuts Petrol Price to N774 per Litre, Expands Investment Drive to Burundi
Dangote Petroleum Refinery has reduced its petrol price by N25 per litre, lowering the ex-depot rate from N799 to N774…
Nigeria’s Oil Price Falls Below $69 Amid Rising US-Iran Tensions
Nigeria’s top-grade Bonny Light crude traded at $68.8 per barrel on Tuesday, marking a notable decline amid rising geopolitical tensions…
Fuel Import Permits to Resume: Nigerian Marketers Optimistic Amid Dangote Refinery Supply Dip
Petroleum marketers in Nigeria have expressed renewed optimism following indications from the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) that…
Tem Raises $75M to Transform Electricity Markets Using AI
London-based startup Tem is tackling one of the modern energy sector’s biggest challenges: rising electricity costs driven by AI data…
Dangote Refutes Petrol Import Claims, Blames Economic Saboteurs for Misleading Reports
Dangote Refinery has firmly rejected claims that it imports finished petrol into Nigeria, describing the narrative as false and driven…