Oil & Gas
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NNPCL earns N29.21 trillion from crude oil sales in 2024
The Nigerian National Petroleum Company Limited (NNPCL) generated N29.21 trillion from crude oil sales in 2024, more than double the…
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Dangote partners Honeywell to double refinery capacity to 1.4m bpd by 2028
Dangote Industries has signed a major agreement with Honeywell to provide advanced refinery services and technology that will enable the…
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JP Morgan Says Oil Prices Could Plunge Into $30s by 2027
JP Morgan predicts the international crude benchmark, Brent, could drop into the $30s per barrel by 2027 due to an…
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NNPC posts ₦5.4trn record profit, as Ojulari sets $60bn energy investment plan
Nigerian National Petroleum Company Limited (NNPCL) has reported a record profit after tax of ₦5.4 trillion for 2024 on revenue…
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Ahead Of Dec 1 Licensing Round Opening, Upstream Regulator Woos More Investors
The commission chief executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, has promised to deliver a transparent 2025…
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NLNG wins FIRS most compliant taxpayer award for third time
The Nigeria LNG Limited has once again emerged as the Most Compliant Taxpayer in corporate Nigeria, after receiving the top…
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HMSPR Oil, NCDMB, NIMASA and Other Stakeholders Laud Tamrose’s Growth, Promise Stronger Support for Local Firms
The Honourable Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, has renewed the Federal Government’s commitment to unlocking…
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Emadeb Petroleum Exploration & Production Company Limited achieves First Oil from Ibom Field
Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) is proud to announce the achievement of first oil from the…
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Conoil Plc’s Profitability Sinks Amidst Rising Challenges
Conoil Plc, a prominent player in Nigeria’s energy sector, is facing significant headwinds in its quest for profitability. The company’s…
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Dangote refinery says its price reduction by 5.6% reduces pump prices and not FG’s suspension of 15% import tariff on PMS, Diesel
Dangote clarifies: our 5.6% PMS price cut drives lower pump prices, not the suspension of 15% import tariffs on PMS…
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