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Energy
U.S. Crude Inventories Drop 1.7 Million Barrels as Iran Tensions Keep Oil Markets…
The latest U.S. Energy Information Administration (EIA) report has revealed a significant decline in American crude…
Dangote Refinery Shields Nigerians from Global Fuel Price Shock, Says S&P…
Dangote Petroleum Refinery is playing a crucial role in protecting Nigerians from the impact of rising global fuel…
China Oil Inventories Emerge as Key Force Behind the Next Global Oil Rally
China’s massive oil stockpiles are rapidly becoming one of the most influential factors in the global energy…
Federal Govt Inaugurates Joint Decarbonisation Group For Oil, Gas Sector
Nigeria has taken a major step toward balancing economic growth with climate responsibility following the…
FG Grants Shell $11.5 Per Barrel Tax Credit to Unlock $20 Billion Bonga Deepwater…
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo…
NNPC and African Oil Giants Unite to Launch $5B Bank and End Fuel Imports
Africa is officially tired of exporting its wealth and buying it back at a premium. In a massive push toward true…
Nigeria Oil Sector Reforms: IPPG Pushes for Coordinated Action to Boost Global…
Nigeria’s oil and gas industry has been urged to embrace a new wave of coordinated reforms aimed at transforming…
South Africa Strategic Oil Reserve Plan Targets 36 Million Barrels to Boost Energy…
South Africa is set to significantly strengthen its energy security with plans to establish a strategic petroleum…
Dangote Refinery Switches to Dollar Pricing, Ends Naira Payments for Petrol Sales
Dangote Petroleum Refinery has officially ended naira-denominated transactions for the sale of petrol, diesel, and…
TotalEnergies Demands Nigeria’s Gas Potential Unlocked For Domestic Market,…
Nigeria is sitting on an energy goldmine, and the world is officially knocking on its door. At the 25th Nigeria Oil…
Oil Prices Surge Above $80 as Trump Revives Iran Blockade, Raising Global Supply…
Global oil markets were shaken on Monday as crude prices surged above $80 per barrel following a dramatic…
Nigeria Crude Oil Production 2026 Soars to Highest Level in Over Six Years
Nigeria’s energy sector is humming with newfound energy as the nation’s crude oil production soared to an average…
Tanzanian Billionaire Backs Dangote’s Kenya Refinery Plan with $100 Million…
Africa’s drive toward industrial self-sufficiency received a major boost after Tanzanian billionaire Mohammed Dewji…
Dangote Refinery Cuts Petrol Price Again as Rising Crude Oil Prices Threaten…
The Dangote Petroleum Refinery has announced another reduction in its ex-depot price of Premium Motor Spirit (PMS),…
Oil Hits $80 as Trump Ends Iran Ceasefire, Raising Fresh Fuel Price Fears…
Global oil markets were thrown into fresh uncertainty on Wednesday after crude prices climbed to $80 per barrel…
NNPC Ends Crude-Backed Loans for Refineries, Pushes Port Harcourt and Warri Plants…
The Nigerian National Petroleum Company Limited (NNPC) has unveiled a major shift in its refinery financing…
NUPRC Awards 19 Oil Prospecting Licences as Nigeria Secures Fresh Upstream…
Nigeria has taken another major step toward revitalizing its oil and gas industry as the Nigerian Upstream…
Dangote Refinery Launches Free Petrol Delivery to Abuja, Five States Amid Fuel…
Dangote Petroleum Refinery has taken another significant step in Nigeria’s fuel market by launching free delivery…
Oil Surges, Global Stocks Tumble as Trump Declares Iran Ceasefire Over
Global financial markets were thrown into fresh uncertainty on Wednesday after United States President Donald Trump…
Nigeria’s $25bn Oil and Gas Financing Gap Sparks Call for Urgent Investment…
Nigeria’s oil and gas industry is facing a major hurdle that could slow growth and investment across the sector.…
FG Pressures Oil Marketers as Nigerians Demand Cheaper Petrol Amid Falling Global…
The Federal Government has intensified pressure on oil marketers to reduce petrol prices, following growing…
NNPC, Seplat and UTM FLNG Seal 15-Year Gas Deal to Unlock Nigeria’s LNG Potential
Nigeria’s ambition to become a leading global gas powerhouse received a major boost as the NNPC Ltd/Seplat Energy…
Dangote Refinery Spends $4.48bn on Crude Imports as Fuel Price Relief Looms for…
Africa’s largest refinery, the Dangote Petroleum Refinery, spent an estimated $4.48 billion importing 40.4 million…
Petrol Price May Drop Below N800 as Marketers Push for Import Rights
Nigerians may soon see significant relief at the fuel pumps as independent petroleum marketers project that the…
Nigeria lost about N2.4 trillion to grid underutilisation since 2015: NISO
Nigeria has lost an estimated N2.4 trillion in capacity payments over the past decade due to the underutilisation…
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain…
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known…
OPEC+ Approves Fresh Oil Output Increase for August as Global Supply Recovery…
The OPEC+ alliance has approved another 188,000 barrels per day (bpd) increase in oil production for August 2026,…
Nigeria, 8 others account for 83% of global gas flaring worth $54bn –World Bank
Nigeria has been named among nine countries responsible for more than 83 percent of global gas flaring in 2025,…
NNPC Begins Evaluation of Chinese Refinery Partnership to Revive Port Harcourt and…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced a detailed evaluation of its proposed…
Dangote Refinery Overtakes US in Europe’s Jet Fuel Market with N757bn Export Surge
Nigeria’s growing influence in the global energy market received another major boost as the Dangote Petroleum…