Crude oil hits over $100 per barrel
As Middle East Crisis escalates Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above…
Crude oil price hits $95 per barrel
Crude oil prices surged nearly 5% Wednesday, with Brent crude topping $95 a barrel, as escalating US-Iran tensions and growing…
Dangote Refinery resumes Naira sales of petrol
Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a…
FG rakes in $2.016bn royalties from Shell
Shell says it paid $2.016 billion in royalties to the Federal Government and awarded $518 million in contracts to Nigerian…
2025 bid round: FG targets additional 300,000 bpd oil production
The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day…
Navy bursts illegal refineries in Rivers
The Nigerian Navy has dismantled two reactivated illegal refining sites in Rivers State and recovered more than 126,000 litres of…
Nigeria’s cooking gas supply rises 24.4% to 5.1metric tonnes daily
The supply of Liquefied Petroleum Gas (LPG) also known as cooking gas increased on a month-on-month, (MoM)basis by 24 percent…
143 firms jostle for 50 oil blocks
NUPRC opens bid The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday announced that 143 firms are in the race for…
Nigeria on track to hit 3 million bpd oil target by 20230
Nigeria remains on course to achieve its target of producing 3 million barrels of crude oil per day by 2030,…
ECOWAS approves Nigeria-Morocco Gas Pipeline Project
… To Boost Regional Energy Integration Leaders of the Economic Community of West African States (ECOWAS) have approved the construction…