16.5Bn Fuel Imports: NNPC Submits to Forensic Audit
The Nigerian National Petroleum Company Limited (NNPC Ltd) has offered to submit itself for a forensic audit of fuel supply and subsidy management, insisting that daily fuel supply is 68 million litres.
Oil Prices Rebalance as Market Awaits US Fed Minutes
Oil prices are mixed on midweek ahead of the release of December meeting minutes of the Fed's Federal Open Market Committee (FOMC).
OPEC+ agrees small oil production cut
OPEC and its allies led by Russia on Monday agreed a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
PCNGi Collaborates With UN Agency on Nigeria’s Greener, Sustainable Future
The Presidential Compressed Natural Gas Initiative (PCNGi) has partnered with the United Nations Sustainable Energy for All (SEforALL) for a greener and more sustainable future in Nigeria.
Nigeria’s Oil Production Falls Below 1Mbpd
Nigeria’s crude oil production fell below 1 million barrels per day (mbpd) in August, figures from its regulator show, as the nation grappled with widespread theft from its pipelines.
Seplat Energy’s Amukpe-Escravos Pipeline Begins Operation
Seplat Energy Plc today announces that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.
Transform Nigeria to Energy Hub of Africa – Heritage Energy
Mr Ado Oseragbaje, Chief Executive Officer, (CEO), Heritage Energy Operational Services Limited (HEOSL), has called on Federal Government to use its comparative advantage and work to position Nigeria as the energy hub of Africa.
Dangote Refinery Begins Operations with 350,000bpd
Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day next month, founder Aliko Dangote has disclosed.
Buhari Reverses Consent on Seplat-ExxonMobil Acquisition Deal
Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.
ExxonMobil Renews Oil Mining Leases for 20-Year
ExxonMobil Nigeria has expressed commitment to maintain a significant deepwater presence in Nigeria for the next 20 years to unlock a sizeable potential value in its renewed Oil Mining Leases (OMLs)
