36 Oil Blocks Put Into Concession For IOCs – NNPCL

According to data from its most recent consolidated financial accounts, the national oil firm also has varying degrees of ownership in additional oil blocks...

Nigeria Set To Explores Opportunities In Green Hydrogen

On Tuesday, the federal government said that, as part of its efforts to switch from fossil fuels to greener energy, it has begun looking...

Nigeria To Seek Foreign Investment Partners in Hydrogen Production

The Federal Government has reiterated its commitment to working with genuine investors to fully realize the country's natural gas resource's potential for national growth...

Nigerian Independent Oranto Petroleum Extends Its Ugandan Exploration Licenses

Oranto Petroleum, a Nigerian independent energy company founded by Prince Arthur Eze has, on 22 December 2023, been granted a two-year exploration license extension...

Tinubu Urges NNPCL, Projects 2mbpd Crude Oil Production

President Bola Tinubu directed the Board of Directors of the Nigerian National Petroleum Company Limited to begin work immediately, warning that non-performance would not...

NNPCL Is Not Open About Subsidy, Dollar Revenues – W’Bank

The World Bank has revealed that the Nigeria National Petroleum Corporation Limited (NNPCL) lacks transparency on the financial benefits resulting from the withdrawal of...

Crude Oil Prices Rises Ahead Of OPEC+ Resolves

As the Organization of Petroleum Exporting Countries and Friends (OPEC+) decides on output for 2024, the price of crude oil is rising globally. Expectations are...

Tinubu Reappoints Kyari As GCEO Of NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has a new Board and Management team as of December 1st, according to President Bola Tinubu's approval. This...

Dangote Refinery Starts Production With 350,000bpd

Founder Aliko Dangote said that the much-awaited project would start with 350,000 barrels per day next month, but in the meanwhile, Dangote Refinery has...

Oil Falls As OPEC Postpones Meeting Over Disagreement

Following the announcement that the scheduled OPEC+ conference, which was supposed to settle on production quotas for 2024 among member producers, would now take...

Oil Prices Surges Over Lingering Supply Risks

Tuesday saw a rise in crude oil prices around the world as the market assessed the continued supply threats posed by Iran's oil flows...

Price Of Petrol Was At N626.21 In September- NBS

The average retail price of a litre of petrol rose from N191.65 in September 2022 to N626.21 in September 2023, according to the National...

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