The Central Bank of Nigeria (CBN) has stopped international oil companies (IOCs) operating in Nigeria from immediately remitting 100% of their forex…
Oil and Gas
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Shell says it is working to extend the life of the Bonga Floating, Production, Storage, Offloading (FPSO) vessel for another 15 years…
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Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash…
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Nigeria’s oil output has risen month-on-month, MoM to 1.43 million barrels per day, bpd in January 2024, from 1.34 million bpd recorded…
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A gas pipeline operated by the Nigeria Agip Oil has been reportedly hit by an explosion at Obagi Community, Ogba/Egbema/Ndoni Local Government…
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Oil rose on Friday and heading for a weekly gain, as Middle East tensions and oil output disruptions caused by cold weather…
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Oil and GasNews
3m litres crude oil reservoir used by oil thieves used for illegal bunkering found in Rivers
The 6 Division, Nigerian Army said it has uncovered a 3 million litres of crude reservoirs used by oil thieves in Rivers…
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Nigerian Upstream Petroleum Regulatory Commission, NUPRC said it has concluded plans to sell 12 deep offshore oil blocks in 2024 as part…
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Oil and GasNews
Legalise artisanal refineries to create jobs, revenues—Niger Delta Stakeholders tell FG
Critical stakeholders in the Niger Delta have urged the Federal Government to legalise the shadow oil economy popularly called illegal artisanal refinery…
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Shell, has reached an agreement with relevant stakeholders to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited…
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Oil and GasNews
NNPC Retail, MRS, OVH Energy, Total Nigeria Plc others register as distributors of Dangote refinery products
11 Plc, Conoil Pl, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc and NNPC Retail are the…
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Forum of Niger Delta Leaders and Critical Stakeholders have again called on President Bola Tinubu to release the backlog of un-remitted funds…
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Nigeria National Petroleum Limited, NNPC Ltd is shopping for an operator for the Port Harcourt oil refinery in the Niger Delta, which…
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Following the successful commencement of production of refined petroleum products by the Dangote Petroleum Refinery, President of Dangote Group, Aliko Dangote has…
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Oil prices jumped more than 2% as some oil tankers diverted course from the Red Sea after overnight strikes by the U.S.…