Oil & Gas - Page 15

Nigerian Navy Destroys 9 Illegal Refineries Sites, 35,000 Litres Of Crude Oil

The Nigerian Navy Forward Operating Base (FOB) in Igbokoda has taken decisive action against illegal refineries in the Obenla community, Ilaje Local Government Area of Ondo State. On January 6, 2025, naval

Emmanuel Ochayi

January 9, 2025

Business·News·Oil & Gas

Why Some Fuel Stations Sell Above N1,000/Litre – Oil Marketers

Oil marketers have revealed that some fuel stations continue to sell petrol above N1,000 per litre because they are still selling off old stock purchased at a higher rate. According to the

Emmanuel Ochayi

January 9, 2025

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·Oil & Gas

Dangote, Other New Refineries Alter Global Oil Trade System

Dangote refinery and other new ones that sprang up in different parts of the world in recent times, including pipeline systems, are said to have altered global oil trade dynamics. The 650,000

Victor Ezeja

January 8, 2025

Business·News·Oil & Gas

Why Crude-for-Loan Deals Could Tie Nigeria’s Oil Production Until 2029

The Nigerian National Petroleum Company Limited (NNPCL) may continue servicing its crude-for-loan obligations until 2029 due to rising domestic demand for oil from local refineries. As Nigeria’s refining capacity expands, particularly with

Emmanuel Ochayi

January 6, 2025

SERAP Demands Accountability For N825bn, $2.5bn Refinery Repairs Fund From NNPCL

Business·News·Oil & Gas

Account For ‘Missing’ N825b, $2.5b Refinery Funds, SERAP Tells NNPCL

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to account for the missing N825 billion and

Emmanuel Ochayi

January 6, 2025

Nigerian Govt Should Privatize Refineries, Invest In CNG - Oil Marketers

Business·News·Oil & Gas

Nigerian Govt Should Privatise Refineries, Invest In CNG – Oil Marketers

Oil marketers, under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have urged the Federal Government to privatise state-owned refineries to enhance efficiency and reduce government expenditure. In their 2024

Emmanuel Ochayi

January 5, 2025

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business·News·Oil & Gas·World News

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

Global oil prices showed a minor increase on the first trading day of 2025, reflecting cautious optimism among investors. Brent crude futures rose by 17 cents, reaching $74.80 per barrel by 0547

Emmanuel Ochayi

January 2, 2025

News·Oil & Gas

Warri, PH Refineries Resumption: Experts Raise Concerns About Crude Supply Amid Crude-backed Loans

As the Nigerian government celebrates the resumption of operations by Port Harcourt and Warri refineries, experts have raised concerns about the guarantee of steady supply of crude oil to the refineries given

Victor Ezeja

December 31, 2024

Nigerians Divide As Warri Refinery Resumes Operation

Business·News·Oil & Gas

Nigerians Disagree As NNPCL Reports Warri Refinery Working

The Nigerian National Petroleum Company Limited (NNPCL) has announced the partial resumption of operations at the 125,000-barrel-per-day Warri Refinery, sparking mixed reactions from Nigerians. The Warri Refining and Petrochemical Company (WRPC), located

Emmanuel Ochayi

December 30, 2024

FEATURES·Oil & Gas

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

Nigeria’s oil and gas sector recorded a couple of activities which led to significant changes in the upstream, and downstream. Tinubu’s executive orders on oil and gas sector reforms President Bola Tinubu

Victor Ezeja

December 28, 2024

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Oil & Gas - Page 15

Nigerian Navy Destroys 9 Illegal Refineries Sites, 35,000 Litres Of Crude Oil

Why Some Fuel Stations Sell Above N1,000/Litre – Oil Marketers

Dangote, Other New Refineries Alter Global Oil Trade System

Why Crude-for-Loan Deals Could Tie Nigeria’s Oil Production Until 2029

Account For ‘Missing’ N825b, $2.5b Refinery Funds, SERAP Tells NNPCL

Nigerian Govt Should Privatise Refineries, Invest In CNG – Oil Marketers

Global Oil Prices Rise By $74.80/barrel As Investors Eye China, U.S. Policies

Warri, PH Refineries Resumption: Experts Raise Concerns About Crude Supply Amid Crude-backed Loans

Nigerians Disagree As NNPCL Reports Warri Refinery Working

Major Events That Shaped Nigeria’s Oil and Gas Sector In 2024

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