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Total world oil demand is anticipated to average 105 mb/d in 2025, bolstered by strong air travel demand and healthy road mobility, including trucking, as well as healthy industrial, construction …
Global oil demand to average 105mbd 2025 – OPEC Read MoreA socio-economic and political interest group, Bauchi Legacy Legislators (BLL) have commended President Bola Tinubu’s administration for fulfilling its campaign promise to sustain and advance operations at the Kolmani oil …
Dogara, Bauchi lawmakers hail Tinubu’s commitment to Kolmani oil exploration Read MoreBusiness performance of Nigeria’s leading independent energy company, Seplat Energy Plc, for 2024 full-year met and exceeded the expectation of the Board of Directors, the Chairman, Senator Udoma Udo Udoma, …
Seplat Energy consolidated position as indigenous leader with SEPNU addition – CEO Read MoreMinister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has flagged off the construction of the permanent site for the Bauchi Oil and Gas Academy, Alkaleri (BOGAA). The minister …
Lokpobiri flags off construction of Bauchi oil, gas academy permanent site Read More
The Senate Thursday constituted a 20-member committee, heade by Senate Leader Michael Opeyemi Banidele with a view to planning a national summit on security challenges confronting the country. President of …
Senate: Bamidele heads 20-man National Security Summit committee, stiffer penalties for oil theft, terrorism underway Read More
The ongoing crackdown against oil theft and pipeline vandalism in the Niger Delta region is progressing with significant operational successes recorded, including the discovery of massive illegal bunkering hubs by …
Niger Delta: Troops bust bunkering hubs, recovers 591,000 litres of stolen products Read MoreThe Defence Headquarters (DHQ) has said troops of Operation DELTA SAFE, a military task force focused on curbing oil theft and securing the Niger Delta region, have intercepted stolen crude …
Troops foil oil theft worth N1.93bn, rescue 173 kidnap victims, nab 430 suspects in one week- DHQ Read MoreThe National Security Adviser (NSA) to the President, Nuhu Ribadu, has reaffirmed the Federal Government’s resolve towards ensuring that there is no hiding place for oil thieves in the country. …
No hiding place for oil thieves – NSA Read More
Analysts say there is still hope for Nigeria’s fiscal balance in 2025 with oil prices increasing as markets and investors reacted positively to the US and China agreement to talk …
Hope as oil prices rise ahead US /China trade talk Read More
Nigeria is bracing for severe economic shocks as Brent crude prices plunged to $59.25 per barrel—well below the government’s benchmark of $75 set for the 2025 federal budget—raising alarm over …
Nigeria faces fiscal crisis with oil prices below budget benchmark Read More
President of Dangote Group, Aliko Dangote has praised President Bola Ahmed Tinubu for assembling a capable leadership team at the NNPC Limited, highlighting the appointments of Mr. Bashir Bayo Ojulari …
Dangote lauds Tinubu for revolutionary change in oil, gas sector Read MoreNigeria’s foreign reserves have maintained a considerable improvement in recent months. It leisurely crossed the $40 billion mark in November 2024, though it opened 2025 lower at $39.77 billion. Many …
The World Bank alarm on Nigeria’s foreign reserves Read More
The House of Representatives Committee on Public Accounts (PAC) has directed an oil firm, OML18 Resources Limited, formerly Sahara Field Production Ltd, to remit about four million dollars to the …
House of Representatives to oil firm: Pay $4m in royalties, gas flare penalties within Read More
The National Oil Spill Detection and Remediation Agency (NOSDRA) revealed that Nigeria lost $78.2 million (N118.864 billion) in the first two months of 2025 from gas flaring operations. This is even …
Nigeria loses N118bn to gas flaring in 2 months… Shell, NPDC, others to pay $141.9m penalties Read More
The Nigerian Export Promotion Council (NEPC) has revealed that Nigeria’s Non-oil products exported in the first quarter of 2025 were valued at $1.791 billion. The Executive Director/CEO, Nonye Ayeni in …
Non-oil exports in Q1 2025 stood at $1.791bn – NEPC Read MoreBashir Bayo Ojulari, the new group managing director of the Nigerian National Petroleum Company Limited (NNPCL), has set daunting targets for himself. If they are met, the new targets …
Ojulari’s ambitious targets for NNPCL Read More
The Lagos Chamber of Commerce and Industry (LCCI) has said that the ongoing reforms in the oil and gas sector to drive more crude production, increase domestic refining capacity, and …
Reforms in oil, gas to improve revenue, support budget projection – LCCI Read MoreThe Nigerian Navy (NN) has executed a string of coordinated operations under operation code named “Delta Sanity” leading to the arrest of six suspects and the dismantling of several illegal …
Oil theft: Navy nabs 6, dismantles 4 illegal refinery sites in multi-states operation Read More
A prominent politician, Gbenga Olawepo-Hashim, Thursday, raised the alarm over Nigeria’s diminishing gains from its oil and gas sector, warning that fossil fuels will be globally irrelevant within the next …
Nigeria not maximising oil, gas potential – Hashim Read More
Nigeria could face a new wave of economic headwinds if changes to U.S. trade policies under President Donald Trump materialize, according to a new report by the strategy consulting arm …
PwC warns U.S. trade shifts could disrupt Nigeria’s access to markets Read More
To sustain the crackdown against economic sabotage and associated crimes in the Niger Delta region, troops of the 6th Division Nigerian Army, have thwarted several attempts at re-establishing illegal bunkering …
Niger Delta: Troops nab 28 suspects, foil re-establishment of bunkering sites Read MoreNigeria may have lost about $28 million per barrel yesterday after oil prices plummeted further as demand concerns intensified following US President Donald Trump’s new tariffs on China and increased …
Nigeria loses $28.81m daily as Brent crude crashes to $61/b Read More
In a reinvigorated onslaught against the criminal enterprise of oil thieves and associated crimes at the Joint Operations Area (JOA), the troops of 6 Division, Nigerian Army, have sustained the …
Niger Delta: Army arrests 43 oil thieves, confiscates 254,000 litres of products Read MorePresident Bola Ahmed Tinubu has handed the new board of the Nigerian National Petroleum Company Limited (NNPCL) a tall order. The president ordered the new board of the state oil …
NNPCL’s new investment, production targets Read MoreOil production in Nigeria went down by 50,000 barrels a day to an average of 1.5 million per day, in line with its quota. Also, loading of the country’s …
TNP fire reduces daily crude oil production by 50,000 barrels Read More