In the News

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, and the Nigerian National Petroleum Company Limited, (NNPC) have agreed to strengthen collaboration to enhance operational efficiency across Nigeria’s oil and …

KEY POINTS Bayo Ojulari, Chief Executive Officer of the Nigerian National Petroleum Company, NNPC, Limited, has attributed the persistent failure of Nigeria’s state-owned refineries to an overemphasis on financing and …

KEY POINTS Nigeria’s domestic refining capacity may soon receive a significant boost as the Nigerian National Petroleum Company Limited, NNPC, begins discussions with a major Chinese petrochemical firm over the …

KEY POINTS President Bola Tinubu’s approval to gazette targeted, investment-linked incentives for Shell’s Bonga South-West (BSW) deep-offshore oil project has generated strong interest across Nigeria’s energy industry, even as key …

KEY POINTS Dangote Refinery has cautioned that petrol prices in Nigeria could rise close to N1,000 per litre if fuel marketers rely heavily on coastal shipping for product evacuation and …

KEY POINTS A group of Nigerian downstream oil marketers has petitioned the Federal Competition and Consumer Protection Commission, FCCPC, seeking an investigation into what they describe as anti-competitive and market-distorting …

KEY POINTS Oil Merchant, Chevron Corporation has announced plans to advance a significant natural gas development following the signing of a unitisation agreement that allows for coordinated exploitation of shared …

KEY POINTS Dangote Petroleum Refinery & Petrochemicals (DPRP) has strongly refuted reports suggesting that it imports finished petroleum products, describing the claims as false, misleading, and rooted in a fundamental …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has shut down its state-owned refineries following an internal review that revealed the facilities were incurring “monumental losses” and destroying value …

KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC Ltd, Engr. Bashir Bayo Ojulari, says Nigeria’s long-term prosperity depends largely on how effectively it …