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Oil & Gas
NNPC Strengthens East-West Gas Link with OB3 Breakthrough
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed…
Uncertainties Hit Nigeria, Others As Oil Prices Surge Above $111
…Petrol Price Rose By 23% In 30 Days—NBS
Crude oil prices surged above $111 per barrel on Tuesday following the…
Abe Resumes As NUPRC Board Chairman, Pledges Improved Leadership
The newly inaugurated board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) resumed on Tuesday,…
UAE Announces Withdrawal From OPEC, OPEC+
The United Arab Emirates has announced its decision to withdraw from the Organisation of Petroleum Exporting…
NNPC, Algeria’s Sonatrach Sign MoU To Boost Research, Innovation
The Nigerian National Petroleum Company Limited, through its Research, Technology and Innovation (RTI) Division,…
Dangote Refinery, Oil Gains Shielding Naira From External Shocks — Report
Nigeria’s currency is expected to remain broadly stable despite rising global uncertainty triggered by the Iran…
NMDPRA Gives Three-Year Approval For F-500 Fire Suppressant
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has approved the use of F-500…
Dangote Offers 10% Refinery Stake For $40bn Expansion Plan
Africa’s richest businessman, Aliko Dangote, is set to open up the Dangote Petroleum Refinery to investors through…
Oil Crisis May Push Global Economy Into Recession, IMF Warns
The International Monetary Fund has warned that rising global debt and persistent energy price shocks triggered by…
Oil Disruption Drives Japan To Expand Crude Purchases From Nigeria
Japan has increased its crude oil imports from Nigeria as refiners scramble to offset supply disruptions from the…