NNPC Limited has said that nearly all pipeline theft has been eliminated after coordinated efforts by the country’s defence and intelligence agencies.…
Category:
Oil and Gas
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Nigeria LNG Ltd has inked 20-year gas supply contracts with NNPC Ltd and other oil firms for the supply of 1.29 billion…
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Africa is set to add 1.2 million barrels per day (bpd) of new refining capacity by 2030, marking one of the fastest…
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National Bureau of Statistics (NBS) says the average retail price of a litre of diesel decreased from N1,813.81 in June 2025 to…
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Oil prices edged higher in the global commodity market on Wednesday as US industry data showed a larger-than-expected draw in crude inventories,…
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Oil prices fell on Tuesday as traders thought a possible cease-fire in Russia’s war with Ukraine might lead to easing or the…
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Nigeria Liquefied Natural Gas Limited has called for deliberate investment in the gas sector to stabilise supply and sustain Nigeria’s economic growth.…
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Nigeria attracted over $800 billion capita from global banks into the oil sector in 2024. Bayo Ojulari, the Chief Executive of the…
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Global oil demand growth is expected to slow this year as weaker economic conditions and sluggish non-OECD deliveries weigh on consumption, the…
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Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation…
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Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared…
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Nigerian Navy says its special forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude…
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Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the…
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Oil and Gas
FG team visits Ogoni, tours oil facility sites preparatory to resumption of oil production
As part of the confidence-building measures agreed upon between the Ogoni people and the Federal Government aimed at facilitating negotiations for resumption…
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Oil and Gas
Oil falls as OPEC+ output hike adds to oversupply concerns, Nigeria’s July oil output tops 1.8m bpd
Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding…