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Oil & Gas - Page 22

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

Uganda Targets First Pearl Sweet Crude Export in December

September 10, 2026

Uganda expects its first shipment of Pearl Sweet crude to load in December, marking the start of commercial oil exports as production from its Kingfisher and Tilenga fields ramps up towards as

I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Africa·News·Oil & Gas·Top Stories

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

September 7, 2026

Nigerian billionaire Aliko Dangote on Monday, Sept. 7, signed documents for an initial public offering of Dangote Petroleum Refinery and Petrochemicals, seeking to raise about 2.15 trillion naira ($1.63 billion) to finance

Business News·Oil & Gas

Shell Acquires 12.5% Stake In Bonga Field From TotalEnergies For $510m

Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of Shell Plc, has signed an agreement with TotalEnergies EP Nigeria Limited, to acquire its 12.5 per cent stake in the OML 118 Production Sharing Contract (OML 118 PSC). OML 118 PSC is

May 30, 2025

Business News·Oil & Gas

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

The National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Mr Billy Gillis-Harry, has expressed concerns about the potential negative impact of the shutdown of the Port Harcourt refinery on fuel prices. Gillis-Harry said that while it may

May 26, 2025

Business News·Oil & Gas

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Nigerians have reacted to the latest reduction in the pump price of Premium Motor Spirit (PMS), also known as petrol, by the Dangote Petroleum Refinery. While some hailed the 650,000 barrels per day refinery for the reduction, others said it is still

May 23, 2025

Business News·News·Oil & Gas

Dangote Pledges PMS Price Stability Despite Global Crude Oil Price Fluctuations

Dangote Refinery has pledged its commitment to ensuring stability in the price of Premium Motor Spirit (PMS), also known as petrol, in Nigeria despite fluctuations in prices of crude oil in the international market. In a statement released on Monday, signed by

May 20, 2025

News·Oil & Gas

Why Tinubu Approved Licences For Oil Exploration In Northern Nigeria – Lokpobiri

The issuing of all essential licenses needed for the Kolmani Integrated Development Project has received regulatory approvals from President Bola Tinubu. Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made this known at the groundbreaking ceremony for the construction

May 19, 2025

Business News·Oil & Gas

Dangote Refinery Further Reduces Petrol Ex-depot Price To N825 Per Litre Amid Intense Competition

Dangote Petroleum Refinery has further reduced the ex-depot price of its Premium Motor Spirit (PMS), commonly known as petrol, from N835 to N825 per litre. This reflects a N10 reduction per litre. The new price, which takes immediate effect, comes as a

May 12, 2025

Business News·Oil & Gas

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery & Petrochemicals have pledged to strengthen collaboration in boosting Nigeria’s oil and gas downstream sector to ensure the country’s energy security. The goal is also to put measures that ensure a

May 10, 2025

Business News·FEATURES·Oil & Gas

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

The recent plunge in crude oil prices below $60 per barrel has raised significant concerns for Nigeria’s economy, particularly regarding the Naira’s stability and the widening budget deficit. The crash in global crude oil prices in recent times has been driven by a combination of geopolitical, economic,

May 6, 2025

Business News·Oil & Gas

Petrol Importers Endure Losses As Landing Cost Higher Than Dangote Refinery’s Price

The landing cost of Premium Motor Spirit (PMS), also known as petrol, has recorded an average of N873 per litre. This was revealed in the Energy Bulletin of the Major Energies Marketers Association of Nigeria (MEMAN) on April 29. According to MEMAN,

May 2, 2025

FEATURES·Oil & Gas

Why Warri Refinery Remains Moribund After Millions Of Dollars Spent On Repair

Nigerians have expressed frustration as the Warri Refining and Petrochemical Company (WRPC) remains moribund despite the Federal Government spending millions of dollars on its rehabilitation. Former Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, had on

April 30, 2025

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

Naira Weakens Against Dollar, Gains On Pound, Euro In Official Market

On Thursday, the official foreign exchange (FX) rate for the

How Investments In Nigerian Pharmaceutical Shares Performed In Q1 2026

Q1 2026: Four Pharma Stocks Reward Investors, One Bleeds N14.8bn

Only one of five pharmaceutical firms listed on the Nigerian

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Oil & Gas - Page 22

Uganda Targets First Pearl Sweet Crude Export in December

Dangote Opens $1.6 Billion Refinery IPO, Sets Minimum Investment at N5,250

Shell Acquires 12.5% Stake In Bonga Field From TotalEnergies For $510m

Port Harcourt Refinery Shutdown Sparks Fuel Price Concerns

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Dangote Pledges PMS Price Stability Despite Global Crude Oil Price Fluctuations

Why Tinubu Approved Licences For Oil Exploration In Northern Nigeria – Lokpobiri

Dangote Refinery Further Reduces Petrol Ex-depot Price To N825 Per Litre Amid Intense Competition

NNPCL, Dangote Strengthen Partnership To Boost Nigeria’s Oil, Gas Downstream Sector

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

Petrol Importers Endure Losses As Landing Cost Higher Than Dangote Refinery’s Price

Why Warri Refinery Remains Moribund After Millions Of Dollars Spent On Repair

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Broken System, Broken Lives – Tinubu’s Toxic Legacy

Two Group Chats, One Nigeria: Gen Z Pays The Bills, Boomers Write The Laws

Deliver Votes or Be Sacked: The New Politics in Ebonyi

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Oil & Gas - Page 22

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