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The Minister of State for Petroleum Resources (Oil), Sen. Dr. Heineken Lokpobiri, has said Nigeria needs to adapt its oil and gas strategy to ensure long-term sustainability and competitiveness. In …
Oil and gas: Nigeria needs to adopt new strategies to remain competitive – Lokpobiri Read MoreTotalEnergies Nigeria has unveiled the three local winners for its fourth edition of the 2024 TotalEnergies Startupper Challenge of the year. The company said that after the selection by a …
TotalEnergies unveil winners of 2024 Startupper Challenge Read More
Nigeria, Africa, and indeed the world face a critical juncture. Energy systems are evolving remarkably, shifting from fossil fuel dominance to renewable sources, and this transition fundamentally reshapes economies and …
Exploiting the advantages from the shift of fossil fuel dominance Read More
Tony Elemelu, Chairman of Heirs Holdings Group and the United Bank for Africa (UBA has called for collaboration between International Oil Companies (IOCs) and indigenous operators towards achieving sustainable development …
Elemelu advocates synergy between IOCs, local oil firms Read More
Nigeria’s oil production, including condensates, fell to 1.544 million barrels per day (bpd) in September 2024, down from 1.570 million bpd in August 2024. This was disclosed by the Nigerian …
Nigeria’s crude oil production drops 1.7% in September – NUPRC Read More
President Bola Ahmed Tinubu is billed to commission the newly completed national headquarters of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), known as NUPENG Tower on December …
Tinubu to commission 7-story NUPENG new national headquarters Read More
The naira continued its downward trend, closing at N1,625.13 to the U.S. dollar in the official Investor and Exporter (I&E) window, marking a 4.06 per cent drop from the previous …
Naira drops to N1,625 amid oil price decline Read MoreThe Nigeria’s oil industry will soon receive a boost with a US$50 billion investment that’s expected to come November. Of this figure, one investor will be investing US$20 billion, a …
US$50bn investments underway for Nigeria’s oil industry November – Lokpobiri Read More
Nigeria is aiming to revitalize its struggling oil and gas sector with a new tax relief package, hoping to attract up to $10 billion in investments. While this new initiative, …
Stakeholders skeptical about Nigeria’s $10bn oil, gas tax relief Read More
Crude oil prices ticked higher Wednesday after the U.S. Energy Information Administration reported an estimated inventory draw of 1.6 million barrels for the week to September 13. This compared with …
Oil moves higher on surprise crude draw Read MoreThe federal government has started the distribution of 10,000 Compressed Natural Gas (CNG) conversion kits across the country. Kick-starting the distribution program from the NIPCO CNG warehouse in Ibafo, Ogun …
FG commence distribution of 10,000 CNG conversion kits nationwide Read More
The Director-General of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau state, Professor Ayo Omotayo, has praised Portland Gas for its pioneering efforts in the conversion of …
NIPSS DG lauds Portland Gas for spearheading vehicle conversion to CNG Read More
The Human Rights Writers Association of Nigeria (HURIWA) has commended the Nigerian National Petroleum Company Limited (NNPCL) for its unprecedented display of transparency and accountability in releasing its 2023 Audited …
HURIWA hails NNPC Ltd’s transparency, accountability in 2023 financial report, urges sustained reforms Read MoreThe Crude Oil Refinery-owners Association of Nigeria (CORAN) has announced that its members have not yet begun receiving crude oil sales in naira, despite the recent approval from the Federal …
‘Local refineries yet to receive crude oil in naira despite FG’s approval’ Read More
There has been a fire incident on the Akaso 4 Wellhead operated by NNPC 18 Operating Limited, the Nigerian Upstream Regulatory Commission (NUPRC) has said. According to a statement by …
NUPRC speaks as fire guts oil facility Read More
The Federal Executive Council (FEC) Monday approved the sale of crude oil to Dangote Refinery and other local refineries in Nigerian currency – Naira. Briefing State House correspondents after the …
Breaking: FG okays sale of crude oil to Dangote, others in naira Read MoreThe Organization of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report for June revealed that Nigeria produced 1.27 million barrels per day (bpd) in June. This reflects a slight …
Nigeria’s oil production stagnates as crude grades fall below $90 Read More
In life, it is an unwritten law that one can not be a friend to all. Put more succinctly, it can never ever be possible that you must be loved …
A word for NNPC traducers Read More
The Deputy General Manager- Nigeria Content of TotalEnergies EP Nigeria Limited, Cyprian Ojum has warned Nigerian indigenous oil and gas companies to adapt to current technologies or loss their business. …
Adapt to current technologies or loss your business, TotalEnergies caution indigenous oil, gas companies Read More
The federal government is on its way to achieving its revenue projection for 2024 from the oil and gas sector with an investment commitment of $16.6 billion. The Minister of …
FG attracts $16.6bn investment commitments in oil, gas sector Read MoreThe oil market has been predicted to be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki …
Oil market heads for supply crunch as exploration fails to meet demand Read More
Another of their antics to put Nigeria’s economy under perpetual pressure seems to have failed even before it gained traction as the report was quickly laid to rest. Analysts have …
Naira redenomination as speculators’ antics Read More
The Chief Executive Officer, CEO, of Continental Resources Inc. the shale driller, Harold Hamm, has predicted that oil is headed as high as $150 a barrel unless the US government …
Chevron warns of U.S production drop as shale CEO sees oil approaching $150/b Read More
Goldman Sachs has predicted oil price will likely to rise to $100 again, citing lower production output from the Organization of Petroleum Exporting Countries (OPEC), amongst others. But Bismarck Rewane, …
Goldman Sachs sees oil prices hit $100/b Read More
Oil prices continued to climb in early Asian trade on Monday, with WTI breaking above $91.60 and Brent trading at $94.74. Falling crude inventories and the continuation of the Organisation …
Oil prices extend gains as market tightens Read More