Dangote Warns Monopoly Claims Could Hinder Local Investment in Nigeria’s Petroleum Sector
Africa’s richest man, Aliko Dangote, has cautioned that persistent accusations of monopoly in Nigeria’s petroleum sector could discourage local investors…
Category: Energy
Nigeria’s Crude Oil Output Falls to 1.39 Million Barrels per Day in September Amid Labour Disruptions
Nigeria’s crude oil production dropped to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Nigerian Oil Stabilizes at $67 Amid Easing U.S.-China Tensions and Domestic Production Boost
Nigerian crude oil prices stabilized near $67 per barrel this week as global markets showed signs of recovery following recent…
Crude Oil Dispute Deepens as Nigerian Refiners Reject 11 Million-Barrel Local Supply Amid Price, Quality Concerns
Nigeria’s crude oil supply dispute has taken a new twist as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed that…
Ghana’s Petroleum Revenue Plummets 56% in H1 2025 — PIAC Calls for Urgent Action
Ghana’s petroleum sector is facing a significant downturn, with revenue falling by 56% in the first half of 2025 compared…
NUPRC Unveils Gas Development Roadmap, Unlocks $4.9 Billion in Investments to Boost Nigeria’s Energy Future
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rolled out a new Gas Development Roadmap aimed at unlocking over 55…
NNPC, Sahara Group Unveil Nigeria’s First Fully-Owned Floating Oil Vessel — A Milestone for Energy Independence
In a historic leap for Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd), Sahara Group,…
Orteva Partners FG and Delta State on $100 Million Carbon Project to Drive Nigeria’s Green Growth
Nigeria has taken another bold step toward a sustainable future as the Federal Government, in partnership with Orteva, Delta State,…
VivaJets Expands into Africa’s Oil Sector with $21 Million Investment to Boost Energy Logistics
VivaJets, one of Africa’s fastest-growing business aviation firms, is deepening its footprint in the continent’s oil and gas industry through…
DisCos’ Revenue Hits ₦564.7 Billion in Q2 2025 as NERC Reports Steady Growth in Collection Efficiency
Nigeria’s electricity distribution companies (DisCos) posted a significant boost in revenue for the second quarter of 2025, collecting a total…
NNPC Blames Cooking Gas Price Hike on PENGASSAN Strike Disruption
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has attributed the recent…
PENGASSAN and NUPENG Urged to Build Private Refinery Using Members’ Check-Off Dues Amid Dangote Dispute
The Stand-Up South South Security Group has called on Nigeria’s petroleum labor unions, the Petroleum and Natural Gas Senior Staff…
Nigeria Seeks $2 Billion Chinese Loan to Build Super Grid and End Chronic Power Shortages
Nigeria is negotiating a $2 billion loan from China’s Export-Import Bank to finance the construction of a new “super grid”…
Tinubu Approves N4 Trillion Bond to Settle GenCos Debts, Boost Nigeria’s Power Sector
President Bola Tinubu has approved a N4 trillion bond to settle verified debts owed to Nigeria’s power generation companies (GenCos)…
Sahara Group Acquires 7 New Oil Rigs, Aims to Boost Production to 350,000 BPD Across Africa
Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, is making bold moves to expand its footprint in the…
Dangote Refinery Commends Tinubu, Security Chiefs for Preventing PENGASSAN Strike Disruption
Dangote Petroleum Refinery has applauded President Bola Ahmed Tinubu and key government officials for swiftly preventing what it described as…
Petrol Still Sells at ₦865 Despite Dangote’s Free Delivery Offer and ₦820 Supply Price
Despite Dangote Refinery’s effort to ease fuel prices nationwide by supplying petrol at ₦820 per litre without delivery costs, major…
Renaissance Aims to Boost Nigeria’s Oil Production Above 2 Million BPD with Shell Onshore Takeover
Nigeria’s oil production could soon surge past the two million barrels per day (bpd) milestone, as Renaissance, the new owner…
Tinubu to Commission $400m Rivers Oil Export Terminal, Nigeria’s First in 50 Years
President Bola Ahmed Tinubu will on October 8 inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers…
Nigeria Becomes Senegal’s Key Crude Supplier Despite New Oil Discovery
Nigeria has emerged as a lifeline for Senegal’s energy sector, supplying the bulk of crude oil to the country’s only…
Nigeria Boosts Oil Production by 200,000 BPD, Unlocks $5.5 Billion in Investments to Attract Global Investors
The Federal Government of Nigeria has announced a significant boost to the country’s crude oil output following recent divestments by…
Digital Transformation Set to Revolutionize Nigeria’s Energy Sector, Experts Say
Nigeria’s energy sector is poised for a major transformation as industry experts call for the full adoption of digital technologies…
Group Warns of External Plots Against Dangote Refinery, Urges Protection of Nigeria’s Energy Giant
The Stand-Up South South Security Group has raised alarms over what it described as external efforts aimed at frustrating the…
Oil Prices Dip to 17-Week Low Amid U.S. Government Shutdown and OPEC Output Concerns
Global oil prices slipped to their lowest levels in 17 weeks as traders reacted to a combination of political and…
NNPC Counts Heavy Losses as PENGASSAN Halts Strike Against Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC Ltd) has revealed that the recent three-day strike by the Petroleum and Natural…
Court Blocks PENGASSAN From Cutting Gas Supply to Dangote Refinery Amid Labour Dispute
The National Industrial Court in Abuja has issued a temporary order stopping the Petroleum and Natural Gas Senior Staff Association…
NNPC, Dangote Refinery Ink New Two-Year Crude Supply Deal to Boost Domestic Fuel Stability
The Nigerian National Petroleum Company Limited (NNPC) has signed a fresh two-year crude oil supply agreement with Dangote Petroleum Refinery,…
Dangote Refinery Strike: PENGASSAN Defies Court Order, Vows to Continue Industrial Action
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to continue its strike at Dangote Petroleum…
Tullow Exits Kenya as Gulf Energy Takes Over Turkana Oil, Government Ramps Up Commercialisation
After 14 years in Kenya, British oil explorer Tullow Oil has officially exited the country, selling its entire Kenyan operations…
ECG Records Historic GH¢1.74 Billion Revenue in July 2025 Amid Major Reforms
The Electricity Company of Ghana (ECG) has hit a historic milestone, raising GH¢1.74 billion in revenue in July 2025, marking…