NNPC to Export Cawthorne Crude in March as Nigeria Targets Higher Oil Output
Nigeria is set to commence exports of a new light, sweet crude grade known as Cawthorne in March, marking another…
Category: Energy
Tinubu Defends Executive Order on Oil Revenue Amid Legal Controversy
President Bola Tinubu has defended his controversial Executive Order (EO9), which halts revenue deductions previously made by the Nigerian National…
NNPC Faces Liquidity Risks After Tinubu’s Oil Revenue Executive Order
Analysts have raised alarms over the potential liquidity crunch for the Nigerian National Petroleum Company Limited (NNPCL) following President Bola…
Goldman Sachs Raises Brent Oil Price Outlook to $60 in Q4 2026 Amid Shifting Market Fundamentals
Global investment banking giant Goldman Sachs has revised its oil price outlook upward, projecting that Brent crude will average $60…
Dangote Refinery Shares to Open to Nigerians in Five Months: Retail Investors to Benefit
Chairman of the Dangote Group, Aliko Dangote, has confirmed that ordinary Nigerians will be able to purchase shares in the…
Tinubu Approves N2.8tn for GenCos, Rejects N6tn Electricity Subsidy Claim
President Bola Tinubu has approved N2.8 trillion as the Federal Government’s verified debt to Nigeria’s power generation companies (GenCos), sharply…
PENGASSAN Urges FG to Sell 51% Stake in NNPCL Refineries to Core Investors
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed its long-standing call for the Federal Government…
Tinubu’s Executive Order to Boost FG, State, and LG Revenues by N15tn: Direct Oil and Gas Remittances
President Bola Tinubu’s latest Executive Order is set to transform Nigeria’s oil and gas revenue system, with federal, state, and…
CNG Stations Rollout Falls Short of 2025 Target Despite $2 Billion Investment
Despite securing over $2 billion in private sector funding since 2023, Nigeria’s Compressed Natural Gas (CNG) infrastructure rollout has fallen…
PENGASSAN Rejects Tinubu’s Executive Order on Oil Revenues, Warns of Investor Fallout
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious objections to President Bola Tinubu’s recent…
Net Zero in Oil & Gas: Industry Leaders Outline Practical Strategies at DECARBON 2026
Oil and gas industry leaders have emphasized that achieving net zero in oil and gas operations requires more than ambition…
Dawes Island Field Success Signals Growing Confidence in Nigerian Indigenous Oil Firms
Petralon Energy has received high praise from Shell Western Supply and Trading for successfully developing the Dawes Island Field, a…
CNG Stations Rollout Falls Short of 2025 Target Despite $2B Investment in Nigeria
Despite securing more than $2 billion in private sector investments over the past two years, Nigeria’s ambitious Compressed Natural Gas…
Unpaid Electricity Bills Hit N6 Trillion as Nigeria’s Power Sector Faces Liquidity Crisis
Nigeria’s power sector is facing a deepening financial crisis as electricity generation companies, under the Association of Power Generation Companies…
Nigeria’s Crude Oil Production Hits 1.64mbpd in 2025 Amid Rising Local Investment
Nigeria’s crude oil production surged to 1.64 million barrels per day (mbpd) in 2025, marking a 5.8% increase from 1.55…
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…
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…