French oil giant TotalEnergies sells a 40% stake in Nigerian offshore exploration licences to Chevron. The deal aims to derisk and develop new opportunities in Nigeria's oil sector. Full details inside.
OPEC confirms Nigeria's oil production quota remains at 1.5 million barrels per day until December 2026 to ensure global market stability. Read the full details.
Dangote Refinery reduces petrol ex-depot price to N840/litre, triggering competitive cuts among depot owners. The move follows NNPC's price adjustment and a global crude oil price crash to $60 per barrel. Read more on the festive season relief.
OPEC+ reaffirms plan to maintain current oil production levels until March 2026 and agrees on a new capacity assessment mechanism. Learn how this decision impacts global oil markets.
OPEC+ ministers are expected to keep oil output unchanged in Sunday's online meeting amid price uncertainty. Analysts predict no major market changes as group watches Ukraine talks.
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
Hungary pledges increased oil exports to Serbia as US sanctions threaten refinery shutdown. Learn how this energy crisis impacts Balkan stability and payment systems.
Dangote Group partners with Honeywell International to double refinery capacity by 2028, making Nigeria global refining leader. Learn how this impacts Africa's energy independence.
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.
Nigeria's oil production exceeds 1.7 million barrels daily as NUPRC reforms gain international support. Discover how Komolafe's leadership is driving sector recovery.
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Imo State government acquires 30.6 hectares in Nekede for Iheoma Marginal Field modular refinery project, promising job creation and economic boost for the region.
Dangote Petroleum Refinery clarifies it initiated recent pump price reductions, not government tariff reversals. Learn how their November 6 price cuts impacted market dynamics across Nigeria.
Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.
Serbia confronts a winter energy crisis as US sanctions on Russian-owned NIS threaten oil supplies. President Vučić seeks to avoid confiscation of Russian shares. Read more.
Muslim Rights Concern and other groups criticize FG's suspension of 15% fuel import tariff, calling it harmful to Nigeria's economic growth and local refining capacity. Demand immediate policy reversal.
Serbia faces severe winter energy crisis as US sanctions on Russian-owned NIS refinery threaten fuel supplies. With reserves depleting by November 25, Belgrade's diplomatic balancing act hits critical point. Read full analysis.
Nigerian private depot owners engage in price war with Dangote Refinery, reducing diesel to N940/litre and petrol prices across major depots. Market competition intensifies.
Nigeria's 2025 oil licensing round announced by NUPRC marks turning point for energy sector. Global investors show renewed interest as reforms boost transparency and production targets.
The International Energy Agency reports a growing oil supply surplus, forecasting a 4 million bpd oversupply by 2026. Discover the market implications for Nigeria.
The Nigerian government has suspended the controversial 15% import duty on petrol and diesel. Experts predict this decision will lead to a significant drop in fuel prices across Nigeria. Read more for full analysis.
Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.