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Oil & Gas

Featured posts

  • In the NewsMarketsOil & Gas

    NUPENG Applauds FG, NNPC Partnership With Chinese Firms to Revive Refineries

    by Oluwatosin Racheal Alabi May 8, 2026
    by Oluwatosin Racheal Alabi May 8, 2026

    KEY POINTS The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has praised the Federal Government and the Nigerian National Petroleum Company Limited, NNPC Ltd., over a new partnership …

  • In the NewsMarketsOil & Gas

    Dangote Refinery Raises Petrol Price To ₦1,350 Per Litre

    by Oluwatosin Racheal Alabi May 7, 2026
    by Oluwatosin Racheal Alabi May 7, 2026

    KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

  • In the NewsMarketsOil & Gas

    Shell Profits Surge to $6.92bn as Iran War Disrupts Global Oil Market

    by Oluwatosin Racheal Alabi May 7, 2026
    by Oluwatosin Racheal Alabi May 7, 2026

    KEY POINTS Shell has reported a strong financial performance, posting adjusted profits of $6.92 billion for the first quarter of 2026, marking its highest quarterly profit in two years. The …

  • In the NewsOil & Gas

    Group Criticises NNPC Over Chinese Refinery Deal, Demands Audit of Past Spending

    by Oluwatosin Racheal Alabi May 7, 2026
    by Oluwatosin Racheal Alabi May 7, 2026

    KEY POINTS A coalition of oil sector reform advocates, the Centre for Energy Sector Transparency, has criticised the latest agreement between the Nigerian National Petroleum Company Limited, NNPC Ltd, and …

  • In the NewsMarketsOil & Gas

    Nigeria Supplies Less Than Half of Crude Allocations to Local Refineries

    by Oluwatosin Racheal Alabi May 6, 2026
    by Oluwatosin Racheal Alabi May 6, 2026

    KEY POINTS Nigeria’s crude oil producers delivered less than half of the volumes allocated to domestic refineries in the first quarter of 2026, raising concerns about the country’s refining ambitions. …

  • In the NewsMarketsOil & Gas

    Nigeria Supplies Only 36–46% of Domestic Crude to Refineries in Q1 2026 – NUPRC

    by Oluwatosin Racheal Alabi May 6, 2026
    by Oluwatosin Racheal Alabi May 6, 2026

    KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has revealed that Nigeria’s domestic refineries, including the Dangote Refinery and others, received only between 36 and 46 percent of their …

  • In the NewsOil & Gas

    Refinery Restart May Lower Petrol Prices — Marketers

    by Oluwatosin Racheal Alabi May 6, 2026
    by Oluwatosin Racheal Alabi May 6, 2026

    KEY POINTS Petroleum marketers in Nigeria have hinted that petrol prices may drop soon, following fresh efforts by the Nigerian National Petroleum Company Limited, NNPCL, to restart key local refineries. …

  • In the NewsOil & Gas

    Egypt Increases Gas Prices for Industries Amid Rising Energy Costs

    by Oluwatosin Racheal Alabi May 4, 2026
    by Oluwatosin Racheal Alabi May 4, 2026

    KEY POINTS The government of Egypt has raised natural gas prices for several industries as part of efforts to manage rising energy costs. The decision, announced through a prime ministerial …

  • In the NewsOil & Gas

    Dangote Refinery to Publish Daily Aviation Fuel Prices, Says Regulator

    by Oluwatosin Racheal Alabi May 4, 2026
    by Oluwatosin Racheal Alabi May 4, 2026

    KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has announced that the Dangote Petroleum Refinery will begin publishing aviation fuel prices on a daily basis. According to …

  • In the NewsMarketsOil & Gas

    Exxon and Chevron Report Lower Q1 Profits Despite High Oil Prices

    by Oluwatosin Racheal Alabi May 4, 2026
    by Oluwatosin Racheal Alabi May 4, 2026

    KEY POINTS Two of the world’s biggest energy companies, ExxonMobil and Chevron, have reported significant drops in first-quarter profits for 2026, even as global oil prices surged due to supply …

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