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Troops of 6 Division Nigerian Army, in collaboration with other security agencies, have deactivated nine illegal refining sites, just as they arrested 69 suspects for oil theft and related offences. …
Niger Delta: Troops confiscate over 32,000 litres of oil, arrest 69 suspects Read MoreIndia is pivoting away from Russian oil following U.S. tariff hikes, forcing Indian refiners are moving quickly to secure cargoes from Nigeria, Angola, Abu Dhabi, and the U.S., The shift …
Nigerian oil stands to gain as India shies away from Russian crude Read More
Given its interest in unlocking oil and gas growth, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed its plans to award 220 oil blocks, spanning the African country’s onshore …
220 blocks up for grabs to speed up oil & gas development Read More
Kogi state government has set the machinery in motion to secure investments for the exploration of oil and gas resources in the state. This was contained in a statement issued …
Kogi set to secure oil exploration investment Read More
Nigeria is the leading oil exporting country in Africa, the Organisation of the Petroleum Exporting Countries (OPEC) has said. A report issued by OPEC revealed that Nigeria topped the list …
2025: Nigeria tops list of Africa’s oil exporting countries in June as oil prices fall below $70 Read More
Rainoil Gas Limited, one of Nigeria’s foremost integrated gas companies, has commissioned 10 new Liquefied Petroleum Gas (LPG) retail outlets in the first half of 2025, as part of efforts …
Rainoil Gas commissions 10 new LPG outlets in H1 2025 Read More
Stakeholders in the oil and gas industry have raised diverse concerns over the proposed establishment of a new regulatory agency to be solely dedicated to decommissioning and abandonment of oil …
Stakeholders kick against proposed oil decommissioning body Read More
The umbrella body of all ethnic nationalities in tNiger Delta, the Niger Delta Ethnic Nationalities Youth Leaders Forum for Peace & Development has written President Bola Tinubu and service Chiefs …
Surveillance contacts: Niger Delta group writes Tinubu, condemns comments against PINL, Olu of Warri Read More
The All-Africa Students Union (AASU) has commended the Dangote Group for its commitment to construction of the 1.6m Barrel Tank in Namibia to supply fuel to Botswana, Zambia, Zimbabwe, Namibia. …
Students commend Dangote’s drive to make Africa self-reliant in oil, gas Read More
The Senate Tuesday passed for a second reading a bill seeking an act to establish the Federal Oil and Gas Hospital in Benikrukru, Delta State to provide for comprehensive medical …
Senate moves to approve Federal Oil and Gas Hospital in Delta Read More
The Nigerian National Petroleum Company Limited (NNPCL) Tuesday announced a whooping N6.008 trillion as revenue for the month of May 2025. In a statement posted on its verified X handle, …
2025: NNPCL rakes in N6.008trn revenue in May, oil rises to 1.7mbpd Read More
Participants at the 24th Edition of the Nigeria Oil and Gas (NOG) Energy Week 2025, have advocated concerted efforts towards technological adoption and domestication through consistent capacity development and …
NOG: Experts advocate domestication of oil, gas technology Read More
The entire world has expressed relief following Trump’s surprise announcement of a ceasefire between Israel and Iran. Although there are still fears that hostility could erupt any moment, the global …
Iran-Israel ceasefire: World heaves sigh of relief as oil prices crash Read More
The ripples emanating from the fight between Israel and Iran are spreading wider with commuters being the latest victims. It started with crude oil prices skyrocketing by over 40 per …
Transport fares rise, passengers stranded as fuel price hike bites Read More
The Nigerian National Petroleum Company Ltd (NNPC Ltd.) is exploring a strategic partnership with Baker Hughes to enhance crude oil and gas production within Nigeria’s energy sector. Group Chief Executive …
NNPCL partners FIRST E&P, Baker Hughes for oil, gas industry growth Read More
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the federal government overnment to act beyond the recent introduced cost – saving incentives to stop multinational …
Act swiftly against oil companies leaving Nigeria, PENGASSAN tells FG Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised the alarm over what it describes as a looming monopoly in the downstream petroleum sector, following Dangote Refinery’s …
PETROAN cautions as Dangote plans nationwide fuel rollout Read MoreThe Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Monday, urged the federal government to act beyond the recently introduced cost – saving incentives and stop multinational oil companies …
PENGASSAN to FG: Address security challenges to encourage oil companies Read More
The Independent Petroleum Producers Group (IPPG) has commended the Commission for its regulatory reforms and applauded its role in facilitating the divestment of assets by international oil companies (IOCs). The …
Petroleum producers applaud NUPRC’s role in OICs assets divestment Read More
Saudi Arabia is preparing for a prolonged oil price war to regain market share.U.S. shale is more vulnerable than in past price wars, needing $65+ WTI to stay profitable amid …
Saudis readying for a long oil price war – Bank of America Read More
The Defence Headquarters has said the troops of Operation Delta Safe, in the month of May, discovered and destroyed 27 illegal refining sites. The director of Defence Media Operations, Markus …
Troops destroyed 27 illegal oil refining sites in May – DHQ Read MoreMorgan Stanley forecasts that OPEC+ will restore all 2.2 million bpd of previously cut output by October, mainly benefiting Saudi Arabia. Goldman Sachs anticipates a smaller, short-term increase in August, …
Oil prices rise despite OPEC+ output hike plans Read MoreCrude oil prices rose following President Trump’s decision to extend the deadline for a trade deal with the European Union to early July. OPEC+ plans to increase oil production, which …
Oil prices rise as Trump extends EU tariff deadline Read More
The House of Representatives’ joint Committee on Petroleum Resources (Upstream), and Special Committee on Crude Oil Theft has resolved to introduce five bills aimed at addressing the perennial issue of …
Reps’ panel introduces 5 bills to tackle Oil theft, others Read MoreGlobal oil demand growth is projected to slow from 990 kb/d in 1Q25 to 650 kb/d for the remainder of the year as economic headwinds and record EV sales curb …
IEA projects slowdown in global oil demand Read More