Shell Companies in Nigeria said they awarded contracts worth $1.98 billion to indigenous companies in 2023 as part of steps taken to…
Category:
Oil and Gas
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The Petroleum and Natural Gas Senior Staff Association of Nigeria has confirmed that the Port Harcourt Refinery has resumed production. PENGASSAN president…
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Nigerian Content Development and Monitoring Board, NCDMB, yesterday disclosed that it has achieved a 56 percent local content level in Nigeria’s oil and gas…
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Springfield Exploration & Production and its partners on the West Cape Three Points Block 2 – namely, the Ghana National Petroleum Corporation…
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Oil prices rose on Monday, as strong factory activity in China buoyed hopes of higher demand, and as escalating tensions in the…
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Oil and Gas
Major marketers shun petrol importation, source 148m litres of petrol from Dangote refinery
Major oil marketers have sourced 148,463,142 litres of Premium Motor Spirit, PMS, also known as petrol from the Dangote Petroleum Refinery following…
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Old Port Harcourt Refinery is currently operating at 70 per cent of its installed capacity, with plans to ramp up to 90…
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The Port Harcourt Refinery has officially begun processing crude oil, marking a significant milestone in Nigeria’s energy sector. This development comes after…
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Nigerian National Petroleum Company Limited, NNPCL, said there is no discrepancy between its crude oil production figures and those supplied by the…
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The presidency has revealed that an impressive $7.5 billion is being saved annually from funds previously allocated to fuel subsidy following its…
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The Nigerian government’s plan to sell crude priced in the local currency is faltering, with refiners, including the giant Dangote Oil Refinery,…
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Oil and Gas
Nigeria National Petroleum Ltd wants term buyers for new Utapate crude, seeks to double output
Nigeria National Petroleum Company Ltd. is seeking term customers for its new crude oil grade Utapate and is aiming to double output…
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Oil prices rose on news on Monday that output at Norway’s giant Johan Sverdrup oilfield has been halted, adding to earlier gains…
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Oil prices fell by more than $2 a barrel on Monday after China’s stimulus plan disappointed investors seeking fuel demand growth in…
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Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement…