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Oil & Gas - Page 70

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·News·Oil & Gas

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Dangote Refinery has marked a significant step forward in its path to commencing the production of refined petroleum products as it has received an additional one million barrels of bonny light crude from the Nigeria National Petroleum Corporation Limited (NNPCL) This signals a

December 22, 2023

News·Oil & Gas

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

The Port Harcourt Refining Company (PHRC) in Rivers State is about to recommence operations in line with the Nigerian government’s promise to ensure the production of refined petroleum products at the facility in December 2023. With the subsisting effects of the removal

December 21, 2023

Business News·News·Oil & Gas

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

In an extensive and relentless operation spanning five months, the Nigerian military has made significant strides against oil theft, unearthing 636 illegal refining sites and intercepting a mammoth 21.7 million litres of crude oil valued at N54 billion. This crackdown is part

December 21, 2023

Lawmakers To Investigate $60 Billion Revenue Loss From Alleged Inflated Cash Calls By NNPC

Business News·News·Oil & Gas

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

In a move to address revenue loss amounting to over $60 billion, the House of Representatives has pledged to launch an investigation into the Nigerian National Petroleum Company Limited (NNPC) Joint Venture Agreements. The decision, triggered by a motion presented by Chika

December 21, 2023

News·Oil & Gas

NCDMB Restates Commitment To Capacity Utilisation, Patronage For Nigerian Service Companies

NCDMB has assured that patronage and deployment of indigenous oil and gas service companies would remain of strategic importance

December 20, 2023

Business News·News·Oil & Gas

Tinubu Calls For Immediate Action From NNPCL Board, Warns Against Non-Performance

In an address during the inauguration of the Nigerian National Petroleum Company Limited (NNPCL) Board at the State House on Monday, President Bola Tinubu emphasized the urgency for the newly formed board to deliver results promptly. Highlighting a zero-tolerance policy toward non-performance

December 19, 2023

TotalEnergies Sells Onshore Oil Asset In Nigeria To Chappal Energies For $860m

Business News·News·Oil & Gas

TotalEnergies Pledges $6 Billion Investment In Nigeria’s Oil & Gas Sector

In a move to bolster Nigeria’s energy landscape, Patrick Pouyanne, head of TotalEnergies, engaged in talks with President Bola Tinubu in Abuja, solidifying their commitment to Nigeria’s oil and gas industry with a pledge of $6 billion. Directing their focus toward offshore projects

December 19, 2023

$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

Business News·News·Oil & Gas

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

In an assertive statement, Dr. Chinyere Almona, Director-General of the Lagos Chamber of Commerce & Industry (LCCI), aligned the Chamber’s stance with the World Bank’s apprehensions regarding the Nigerian National Petroleum Corporation Limited (NNPCL) and other Government-Owned Enterprises (GOEs). She emphasized the

December 18, 2023

5 Reasons Nigeria's Crude Oil Production is Declining – And What Next

Business News·News·Oil & Gas·World News

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

The International Energy Agency (IEA) revealed a downward shift in the global crude oil demand for the fourth quarter of 2023, marking a significant decrease from projections. The agency anticipates a slip to 101.7 million barrels per day, highlighting a noticeable slowdown

December 17, 2023

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business News·Oil & Gas

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

Despite the drop in the crude oil production as indicated in the latest November 2023 report, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has asserted that 1.785 million barrels of oil per day (bpd) in

December 14, 2023

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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 70

Uganda Targets First Pearl Sweet Crude Export in December

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

Dangote Refinery Receives Additional 1Million-Barrel Crude Shipment

Nigerian Govt Announces ‘Mechanical Completion’ Of Port Harcourt Refinery, States When Fuel Production Starts

Oil Theft: Army Discovers 636 Illegal Refining Sites, Seizes 21.7M Litres Of Crude Worth N54bn In 5 Months

Lawmakers To Investigate $60bn Revenue Loss From Alleged Inflated Cash Calls By NNPC

NCDMB Restates Commitment To Capacity Utilisation, Patronage For Nigerian Service Companies

Tinubu Calls For Immediate Action From NNPCL Board, Warns Against Non-Performance

TotalEnergies Pledges $6 Billion Investment In Nigeria’s Oil & Gas Sector

LCCI Aligns With World Bank, Urges NNPC Reforms For Economic Stability

Global Crude Oil Demand Slips In Q4 2023, Forecasts Signal Deceleration Into 2024

2024 Budget: 1.78mpd Oil Production Can Be Achieved – NNPCL Boss

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