PETROAN Calls for Petrol Import Licences to Stabilise Prices
PETROAN calls on the Nigerian government to reinstate petrol import licences to boost competition, stabilise fuel prices, and ensure energy security, supported by World Bank warnings.
Category : Oil Gas
Energia Appoints Bashorun as CEO After COO Tenure
Energia Limited has named Oladimeji Bashorun as its new CEO, following his role as COO. With over 20 years in oil and gas, including stints at Shell and Sahara, he aims to drive operational excellence and growth.
Stakeholders Lament $4bn Oil Theft Loss, Support Tantita
Ethnic Youth Leaders' Council highlights Nigeria's $4 billion loss to crude oil theft in nine months, endorsing Tantita Security Services for pipeline surveillance to boost economy and security.
PETAN Swears In New Executive Committee in Lagos
The Petroleum Technology Association of Nigeria (PETAN) has inaugurated its newly elected Executive Committee in Lagos, marking a leadership transition. The committee, led by Chairman Wole Ogunsanya, aims to advance local content and indigenous participat
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SPL Breaks Ground on Utorogu Gas Plant in Delta
Southfield Petroleum Limited has commenced construction of a 200-300 MMSCFD gas processing plant in Utorogu, Delta State, supporting Nigeria's 'Decade of Gas' initiative and boosting domestic energy supply.
African Oil Producers, Refiners Seal Pact on Market Integration
African oil producers and refiners have agreed to deepen cooperation on infrastructure, regulation, and market integration, with a focus on harmonizing fuel standards and boosting energy security across the continent.
Nigeria's Crude Evacuation Crisis: Key to Higher Oil Output
Nigeria's oil sector faces critical inefficiencies in crude evacuation, hindering production and revenue. The Amukpe-Escravos Pipeline offers some relief but fails to address deeper structural issues like security risks and underinvestment.
Nigeria's Oil Output Rises to 1.38 Million Barrels Daily in March
Nigeria's crude oil production increased to 1.38 million barrels per day in March 2026, marking a 5.25% rise from February but still below OPEC's quota of 1.5 million bpd.
Nigeria Among Top 10 African Countries with Lowest Petrol Prices
Nigeria has secured the 8th position among African countries with the lowest petrol prices in April 2026, according to Global Petrol Prices data. Despite this ranking, domestic fuel costs have risen significantly, with prices exceeding N1,200 per litre.
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Nigeria Misses $3.3b Oil Revenue as Pipeline Advances
Nigeria's oil output fell short of targets, costing $3.3 billion in missed revenue, while the $25 billion Nigeria-Morocco gas pipeline moves forward with a signing expected this year.
Nigeria Becomes Net Gasoline Exporter, Dangote Drives Shift
Nigeria has become a net exporter of gasoline for the first time in March, driven by increased output from the Dangote Refinery. Aliko Dangote also plans a pan-African IPO for the refinery, potentially reshaping African capital markets.
Experts Fault World Bank's Fuel Import Advice for Nigeria
Energy experts have strongly criticized the World Bank's recommendation for Nigeria to increase fuel imports, warning it could undermine local refining investments and violate the Petroleum Industry Act.
ESG: The Real Leadership Test in Nigeria's Oil and Gas
Nigeria's oil and gas industry faces a critical juncture as Environmental, Social, and Governance (ESG) principles shift from compliance to a survival strategy. With global pressures and local demands, companies must embed ESG into operations to secure in
ExxonMobil Plans Multi-Billion Dollar FID in Nigeria by 2027
ExxonMobil announces plans for a multi-billion dollar Final Investment Decision in Nigeria, targeting deep-water projects like Erha and Owowo, with investments up to $16 billion to revitalize the oil sector.
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Stakeholders Back Tantita's Pipeline Security Role
Forensic experts and stakeholders have endorsed Tantita Security Services' role in pipeline protection, crediting coordinated surveillance with boosting oil production and revenue. They warned against fragmenting arrangements that could undermine gains.
Oil Industry Insists on 3mbpd Goal, Seeks Lower Costs
Nigeria's oil sector leaders commit to 3 million barrels per day production but stress reducing high costs via technology and efficiency at SPE forum.
ExxonMobil Considers $24b Nigeria Deepwater Investment
ExxonMobil signals potential $24 billion investment in Nigeria's deepwater oil, focusing on Bosi field development with new FPSO unit and pipelines, marking 20 years of Erha project.
Depots Lower Petrol Prices After Dangote's Pricing Strategy
Private depot owners have reduced petrol prices across Nigeria to compete with Dangote Refinery, with ex-depot rates now ranging from N1,210 to N1,240 per litre. This price war is expected to benefit consumers in the coming days.
Arewa Youth Support NASS on Tantita Contract Extension
The Arewa Youth Consultative Forum endorses the National Assembly's move to extend Tantita Security Services' pipeline surveillance contract, citing reduced vandalism and economic benefits.
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Stakeholders Call for Partnerships in Oil Communities Under PIA
Stakeholders advocate for strategic partnerships between host communities, oil companies, regulators, and government to implement the Petroleum Industry Act effectively, emphasizing collaboration for inclusive growth and sustainability in Bayelsa State.
Pipeline Security Boosts Oil Output and Investor Confidence
NNPCL links strengthened pipeline security to a rise in crude oil production to 1.71mbpd in 2025 and renewed investor confidence, despite vandals using advanced tactics like CCTV and missile launchers.
NOG Energy Week 2026 Focuses on Infrastructure, Gas, Innovation
The 25th NOG Energy Week in Abuja from July 5-9, 2026, will gather global stakeholders to discuss boosting investment, strengthening infrastructure, and enhancing energy resilience in Nigeria and Africa.
PETAN: Quiet Engine of Nigeria's Oil and Gas Industry
PETAN's Publicity Secretary Joan Faluyi highlights the association's role as a critical force in Nigeria's oil and gas sector, driving indigenous technical capabilities and operational execution beyond mere ownership.
Dangote Refinery Slashes Petrol Price to ₦1,200 After Oil Drop
Dangote Refinery has reduced Premium Motor Spirit price to ₦1,200 per litre, reversing recent hikes amid global crude oil price declines triggered by geopolitical developments involving Donald Trump and Iran.
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NNPC Doubles Crude Supply to Dangote Refinery
The Nigerian National Petroleum Company Limited has increased crude oil supply to Dangote Petroleum Refinery to 10 cargoes in March, though still below the 19 needed for optimal operations.
Dangote Refinery Slashes Petrol Price to ₦1,200/Litre
Dangote Refinery has reduced Premium Motor Spirit price by ₦75 to ₦1,200 per litre following a sharp decline in international crude oil prices. The move comes after geopolitical developments eased supply concerns.
NNPCL Exports Cawthorne Crude as Oil Hits $115
The Nigerian National Petroleum Company Limited begins exporting its new Cawthorne crude grade to boost production and market competitiveness, while global oil prices soar due to geopolitical tensions involving Iran.
Dangote Accuses IOCs of Not Supplying Crude to Refinery
Dangote Refinery criticizes international oil companies for not selling crude directly, forcing imports from the US and Africa. Experts cite market dynamics and agreements as barriers.
Eterna's Profit Soars 52.9%, Revenue Hits N302 Billion
Eterna Plc announced a robust financial turnaround for 2025, with profit before tax rising to N7.27 billion and revenue reaching N302.37 billion, driven by operational efficiency and strategic growth.
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Dangote Cuts Petrol Price by N75 After Global Oil Drop
Dangote Petroleum Refinery has reversed its N75 per litre petrol price increase, lowering the ex-gantry price to N1,200. The move follows a sharp decline in global crude oil prices, triggered by eased geopolitical tensions involving Iran.
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